Assuming last is required, the following 4045 results were found.

  1. A trio of trip-wires businesses should avoid, says ATO  

    the two years of the pandemic. “It’s been around for a while as an issue, but probably as we’ve all experienced over the last few years, some of the lines between work and home have blurred as we’ve gone into lockdowns and many business owners – they...

  2. A third of high-balance SMSFs in ATO’s sights

    misuse of super tax concessions, with a number of cases still active. Addressing SMSF Adviser’s SMSF Summit 2019 in Perth last week, ATO assistant commissioner Dana Fleming said the top 100 SMSFs in the sector had over $8.3 billion in assets between...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super
  3. A standard chart of accounts is coming, says the ATO

    which include increased automation and a standard chart of accounts. ATO deputy commissioner Steve Vesperman, who spoke last week at the IPA’s Tasmanian Congress, said the tax office is currently working on a number of projects aimed at increasing...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation
  4. A reminder: The super powers of SMSFs do not extend to enabling early access

    deterrence to impose penalties) and relevantly confirmed as follows: 1. funds in an SMSF are not to be used as a lender of last resort (see Smith v Federal Commissioner of Taxation [2011] AATA 563); 2. it is not unreasonable to tax a superannuation...

  5. A Q&A with Stuart Brandman on his Cloud Accounting Evolution

    accountant relationship. Hi Stuart! Can you tell me more about you and your firm, 542 Partners? We’ve been in business for last six years. I am one of three directors, and we have 12 staff. All directors came from PKF. We saw it as a good opportunity to...

    • Type: Article
    • Author: Receipt Bank
    • Category: Business
  6. A pay rise may be ahead - but don't expect too much

    More accountancy professionals can expect a pay rise this financial year than last – but the increases won’t be as strong. That’s one key finding from our 2016 Hays Salary Guide, which found that business activity and permanent headcounts may be...

  7. A new win/win opportunity for your practice and your clients

    any time. So that’s a third win – by my count that makes a win/win/win! What about a service based business? We were asked last year to assist a Not-For-Profit (employing around 30 staff) to upgrade their systems. We were able to work with the client...

    • Type: Article
    • Author: Rhys Roberts
    • Category: Business
  8. A looming crisis: the role of accountants in supporting Australia’s aging population

    impact: Retirement planning: Many Baby Boomers are unsure how to effectively manage their retirement savings to ensure they last throughout their retirement years. Accountants can offer personalised retirement planning services, helping clients to...

    • Type: Article
    • Author: Michael Jeffries, LightYear Group
    • Category: Business
  9. A hot property market provides a great opportunity

    The property market has dominated media coverage over the last year, as a low interest rate environment attracted thousands of new and repeat investors to the asset class. Accountants across the country will be looking at ways to strengthen their...

  10. A fresh take on R&D tax incentives

    report, will be unveiled in the May budget (20 months after the findings were released for feedback). The ATO, meanwhile, last year launched a crackdown on businesses “misusing” R&D tax breaks. ATO Deputy Commissioner Michael Cranston said the blitz...

    • Type: Article
    • Author: Thomson Reuters Tax and Accounting Team
    • Category: Tax
  11. A different approach to EOFY stress

    very plain diet of about 20 items. It can be very stressful at times and debilitating if I’m not careful about what I eat. Last year was a bit of a shocker and I had weeks off work, too ill to do anything. What a waste. So this year, I’m doing things...

  12. A day to remember

    $2,700 each. And the ATO was taking a special interest in WFH deductions with 4.1 million taxpayer claims already exceeding last year’s figure and a huge increase on 2019, when there were just 1.4 million. “We’re noticing weird and wonderful claims...

  13. A closer look at the proposed changes to DPT

    changes, which are inconsistent with and go well beyond internationally accepted rules which have been negotiated over the last two years through the monumental G 20/OECD BEPS process. This is ironic given the role Australia played in the BEPS process...

  14. A CFO’s guide to the biggest financial questions of 2021

    growth strategies which arrive out of impetus for change. Strategic growth strategies which have been put on hold for the last year, but already approved at board level, are ready to be executed. Q: What are the biggest challenges as a CFO in 2021? What...

    • Type: Article
    • Author: ORB Alternative
    • Category: Business
  15. A 'win-win' deal: Reckon confident post-sell off

    sale of its accountants practice management division will enable it to have a “laser-like focus” for its product base. Last month, Reckon announced the sale of its accountants practice management division to accounting software provider MYOB in an...

  16. 90% of SMEs to dial back borrowing in 2024, survey finds

    and 15 per cent struggling to pay staff, he said. “Economic growth in Australia is still below historical trends in the last quarter, so it makes sense that businesses are playing it safe.” “There are a lot of financial pressures in play right now, so...

  17. 9 in 10 accounting firms set to deliver a minor pay rise

    of employers will increase their accountancy staff salaries in their next review, up from 87 per cent who did so in their last review. However, 65 per cent of employers were looking to raises salaries at just 3 per cent or less, with only 4 per cent of...

  18. 80¢ per hour work-from-home deduction method extended

    the third time the Tax Office has chosen to extend the shortcut method, after it was first due to expire at the end of the last financial year, then September 2020, and more recently, at the end of December 2020. Conversely, the ATO’s updated Practical...

  19. 80,000 Aussies set to receive super alert from ATO

    will be directed its way, but nonetheless professionals should be aware that their clients may be contacted. As of 30 June last year, over half the amount of lost super held by super funds belonged to people aged 40-55. Professionals should also be wary...

  20. 8 steps to follow when making job offers to accountants

    Promoted by Accountests Losing your preferred candidate at the last hurdle in the selection process is a demoralising and expensive experience. Avoid repeating it by following the 8 steps used by professional recruiters: Current global events have...