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  1. No further JobKeeper eligibility changes, says Treasury

    prioritising work on the alternate test for special purpose service entities, announced by Treasurer Josh Frydenberg last Friday. “Those changes to the rules that the Treasurer announced on Friday would be made this week, and we’re working on defining...

  2. No free lunch: Corporate catering director lands $2.8m tax bill

    catering business has landed a hefty tax bill after failing to pay superannuation guarantee charges and GST liabilities. Last Thursday (13 November), catering company director Michael Deering landed a $2,804,639 tax penalty after failing to pay the ATO...

  3. No FBT-free joyride for firm Ferrari used on winery trips, tribunal rules

    Tribunal that a Ferrari purchased through his company was primarily for work purposes and should not be subject to FBT. Last Friday (13 February), the Administrative Review Tribunal (ART) rejected a director’s appeal against amended fringe benefit tax...

  4. No compliance, no extension: Accountant warns late lodgers as 31 Oct deadline looms

    is not automatic, particularly for taxpayers with outstanding prior-year returns. In short, signing up with an agent at the last minute won’t save you from the 31 October deadline if your previous tax obligations remain unlodged. No automatic extension...

  5. Nixon urges accountants to seek further education

    to succeed in the new accounting environment, skills traditional education offerings aren’t currently delivering. “In the last week I coined the phrase, 'to grow, you have to know',” Mr Nixon said. “Accountants know about what they’ve been doing for a...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  6. Nine out of 10 economists expect rate rise today

    the RBA would hold the cash rate in April. "We've seen several survey results expecting a pause in rate rises over the last few months, but this is the strongest result yet," Mr Cooke said. "While inflation has yet to be calmed, homeowners deserve a...

  7. Nine accountancy firms make Australia’s top 500

    accounting firms, was well represented with 31 companies with an average revenue of $695.2 million, up 10.5 per cent on last year. However, there was a big gap to the next accounting services entities, with mid-tiers Findex in the 155th spot with $443.1...

  8. Nick Scali repays $3.6m in JobKeeper subsidies

    move comes after Nick Scali reported an 89.9 per cent increase in profits to $40.6 million for the six months to 31 December last year, lifting its interim dividend to 40¢ a share, up from 25¢ last year. In an announcement to the ASX on Monday night,...

  9. Next rollout phase of new ATO portals imminent: second commissioner

    quarter of this calendar year, Mr Katf told Accountants Daily. It has been in private beta testing since about December last year, when around half of its functions were rolled out to a test group of what is now approximately 100 tax agents. Delivery of...

  10. Nexia Perth has realised the ambition of being able to work “anytime, anyplace, anywhere”

    for a much smoother workflow.” Susan Montonari, Chief Operating Officer (COO) at Nexia Perth takes up the story “Over the last seven years or so, we have gradually moved all our practice software to the cloud”. As COO, Susan is constantly looking to...

    • Type: Article
    • Author: MyWorkpapers
    • Category: Business

  11. Nexia Australia announces new chair

    having been a director at the firm’s Perth office since 1994. Mr Di Giulio will succeed Ian Stone, who was appointed last year as chair of Nexia International, marking the first time a representative from Australasia has been selected to chair the...

  12. New workplace laws get regulator’s nod, up penalty price tenfold

    pay slips to workers, or provide the Fair Work Ombudsman (FWO) with false information or documents. FWO noted that last financial year, two-thirds of its court cases involved alleged record-keeping or payslip contraventions with nearly one-third...

  13. New TPB chair unveiled

    Mr Frydenberg. “The government also wishes to thank outgoing chair Mr Ian Taylor for his significant contribution over the last six years.” [email protected]

  14. New tax crackdown adds to deductions ‘crusade’

    signalled earlier this week it will be upping its focus on claims related to car expenses this tax time, after finding last year that a significant portion of claims were just below the limit of requiring detailed records. However, some, like H&R...

  15. New tax avoidance rules kick in, corporate clients on notice

    act quickly to determine if their corporate clients are impacted and transition before the deferred commencement date. Late last month, the Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Act 2018 (the act) received Royal Assent, giving...

  16. New super tax proposal reinforces case for auditors to increase technology use: fintech

    advisory in the future, especially given the proposed new super tax. “Investor behaviour has evolved significantly over the last few years and a key attraction of having an SMSF is choice. SMSF trustees can embrace everything from Nasdaq stocks to...

  17. New SMSF advice model gaining government momentum, says CA ANZ

    said. Ms Speed said CA ANZ, along with other accounting bodies, took this model to Senator Hume when she was elected in May last year. While Ms Hume has made it clear that the government will not be bringing back the accountants’ exemption, she asked...

  18. New SMS scam ‘spoofs’ ATO number

    of what is happening with the current scams, which ultimately helps protect the Australian community,” said Ms Foat. Late last year, the ATO issued a high alert after more than $800,000 was reportedly lost during November due to a spike in scam phone...

  19. New service line, competitor hire for mid-tier

    They want their advisers to develop strategic and practical ways to improve business performance. Security enforcement is a last resort,” he said.

  20. New robo-advice tool released for accountants

    are now able to direct their clients to digital financial advice through a new partner program launched by Stockspot. Last month, digital investment adviser and fund manager Stockspot launched its Partner Program for Accountants. Stockspot began giving...

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