Assuming last is required, the following 4011 results were found.

  1. ‘Critical’ 31 October deadline looms for new JobKeeper enrolments

    entrants have been urged to get a move on a key deadline this Saturday. While the JobKeeper extension kicked in late last month, the ATO has allowed employers until 31 October to meet the wage condition for all employees. New JobKeeper entrants will...

  2. Tax leader clarifies deadline details

    will be entitled to a longer period — subject to your lodgement history,” she explained. “If you have left your tax to the last minute, then speak to your local chartered accountant by 31 October and you might just be eligible for the extension.” 2....

    • Type: Article
    • Author: Cameron Micallef
    • Category: Tax
  3. Court dismisses appeal in SMSF property development case

    which found that a former builder had breached their fiduciary obligations in a joint venture agreement involving an SMSF. Last year, the District Court of South Australia ordered a former builder to pay damages to an SMSF for the breach of fiduciary...

  4. Major bank cuts rate on business, home loans

    rates for terms of three to five years. “Coupled with the wide range of support measures we have rolled out over the last eight months, we’re confident these offers will help many small businesses get through this challenge and back on the road to...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business
  5. Refreshed R&D tax incentive guidance launched

    has now been released by the government. The guidance comes after reforms to the R&D tax incentive passed Parliament last month, following the government’s commitment to invest $2 billion in the incentive. Minister for Industry, Science and Technology...

  6. Federal Court imposes $40k fine on unregistered tax agent

    and shaming unregistered tax agents in the independent review of the TPB. The independent review was completed in October last year but has yet to be released by the government.

  7. Loss carry-back sleeper issue ‘not ideal for cash flow’

    as in their own name, in a partnership or in a trust,” said NTAA chief executive Geoff Boxer in a letter to the Treasurer last month. “Furthermore, these businesses are being affected by the economic impact of COVID-19 in the same (or in a similar) way...

  8. ATO addresses outsourcing queries with auditor independence

    where a specialist SMSF firm prepares the financial statements and conducts the audit but another business is the tax agent. Last month, Heffron managing director Meg Heffron noted that this is a common arrangement for accounting firms that outsource...

  9. ATO data reveals tax avoidance red flags

    jurisdictions, such as the one million accounts held by US and UK tax residents holding almost A$100 billion.” In August last year, the ATO put out a warning to taxpayers to come clean with foreign income, noting that its CRS participation had given it...

  10. Senator Hume flags ‘new opportunities’ off the back of SVFs review

    Morrison government’s review into stored-value facilities (SVFs) is set to bolster Australian businesses and consumers. Late last week, the federal government released the report of the Council of Financial Regulators’ (CFR) review of the regulation of...

  11. EY analysis points to prolonged economic recovery period

    research found combined cash earnings decreased to $17.38 billion, representing a fall of 36.5 per cent from the same time last year. Meanwhile, total impairment charges across the big four banks rose to $11.9 billion before tax, up by $7.48 billion...

  12. AAT rejects navy sailor’s work-related claims

    equipment “out of the generosity of his own heart”, has had his claims turned down by the Administrative Appeals Tribunal. Last week, the AAT confirmed that taxpayer Cameron Lambourne, an electronics technician with the Australian Navy, was not entitled...

  13. ATO extends JobKeeper monthly declaration after system downtime

    such, the ATO has now confirmed it will continue to accept and process late declarations. “As our systems were unavailable last weekend due to planned system maintenance, we will continue to process the monthly declaration to reimburse employers for...

  14. ASIC to re-examine limited advice model

    manager of external affairs Dr Jane Rennie said the consultation was much needed, particularly in light of its research last year that found that accountants providing a holistic financial advice service faced over $110,000 in registration and fees....

  15. ATO braces for flood of unscrupulous advisers

    companies that have gone into external administration over the period from March to July 2020 compared with the same period last year, a sign that its COVID-19 stimulus measures may have been propping up companies that would normally wind up in any...

  16. Underreported BAS sales leads to 2.5 years in jail

    reporting system data helped it uncover nearly $100,000 in tax evasion. Appearing before the Brisbane District Court last week, Ben Ogden was found to have underreported sales income across four quarterly business activity statements, lodging $85,359 in...

  17. Accountants business funding guide gets COVID update

    Kate Carnell said trading conditions have changed dramatically since the release of the first Business Funding Guide last year. “The guide was originally intended to help small businesses secure funding for growth, however, given the heavy toll the...

  18. Big four backs e-invoicing push

    Commission’s Targeting Scams report found that business email compromise scams accounted for $5.3 million in reported losses last year. “Scammers intercept legitimate invoices and change the details to include fraudulent payment information. The...

  19. Tax, BAS agent education standards set for overhaul following landmark review

    with a number of accounting bodies hitting out at the proposal when it was first floated in a discussion paper released last year. The government has adopted a neutral position on the final recommendation, noting that it will instead undertake further...

  20. Financial advice regulation to undergo reforms following TPB review

    of the Tax Practitioners Board. The independent review of the TPB, chaired by Keith James, was released by the government last week, including wide-ranging recommendations aimed at ensuring a fit-for-purpose regulatory regime for the tax profession....