Assuming lead is required, the following 1452 results were found.

  1. $95bn loss predicted to Australian economy if Div 296 passes: analysis

    as eroding accumulated wealth, such as the proposed taxing of unrealised gains in super balances over $3 million, may lead to reduced savings, increased consumption, or a shift towards less taxed investment options. “Conversely, tax policies seen as...

  2. $5.2m in illicit tobacco destroyed following ATO investigation

    the ATO and ABF on this. “This [latest] result highlights the success of that collaborative effort and will hopefully lead to further avenues of enquiry when targeting those organised crime groups profiting from illicit tobacco.”

  3. $3m super tax to ‘disrupt’ small business and farmers, warns SMSFA

    The proposed measures for the implementation of a new tax on super balances above $3 million are complex, costly, and will lead to unintended outcomes not just for SMSFs but for small business operators also, says the SMSF Association. SMSF Association...

  4. $22bn in unpaid invoices means Christmas stress for business owners

    felt the pressure from bills outstanding was worse than ever this year. Intuit QuickBooks accounting and adviser group lead Damien Greathead said the cashflow shortfall over the shutdown period put extra pressure on the sector when cost-of-living...

  5. $1k standard deduction: tax simplicity, or a costly illusion?

    your records, stay informed, and don't settle for a standard result when you may be entitled to more. Jenny Wong is the tax lead at CPA Australia.

  6. $15bn of tax gap down to simple errors, says ATO

    A “goldilocks” approach to advice would help iron out the mistakes that lead to shortfall. Poor advice and simple errors are responsible for much of the $15 billion small-business tax gap, ATO second commissioner Jeremy Hirschhorn said. He said the...

  7. $150k instant asset write-off set for significant drop

    that the asset will need to be used or installed ready for use by 30 June 2020. “Often, more expensive assets have a longer lead time between order and delivery/installation, so businesses that want to claim the deduction need to get their orders in,”...

  8. #MeToo, royal commission prompt new Grant Thornton hire

    of misconduct from the royal commission and the #MeToo movement. Matthew Croxford will join Grant Thornton as a partner to lead its national human capital practice, with a goal to develop a strategy for firms to improve their workplace culture. Formerly...

  9. [Free Expert Guide] The Accountants Guide to Managing Scope Creep

    risk of non-compliance, and effectively manage fees. About the guide Unclear scope at the time of the engagement can lead to indemnity claims and professional conduct complaints. It can also cause firms to become non-compliant with APES 305 Terms of...

    • Type: Article
    • Author: Ignition
    • Category: Business
  10. [CPD] PCG 2021/4 : How to advise your clients on professional firm profits

    tax rate of between 30% and 35% otherwise the ATO will review your client and start the "please explain" process that may lead to a tax audit. If you don't advise your clients about this now - and the extra tax they will need to pay for the 2023 year -...

  11. [CPD webinar] ATO’s latest ruling - Leading your clients in uncertain times

    accountants looking for answers. There’s never been a more important time to take control of your client relationships and lead the conversation. Join us on this free CPD webinar as we discuss strategies to help you lead and educate your clients, as...

    • Type: Article
    • Author: Practice Ignition
    • Category: Regulation
  12. ‘We’re in the people business’: Accountants lead mental health charge

    Mental health support for accounting professionals and their clients will be critical as they deal with the ongoing pandemic and the ensuing economic downturn, says one professional accounting body. Institute of Public Accountants chief executive...

  13. ‘We’re all responsible’: accountants called to lead change in pay parity

    exists to level the pay gap, while pushing for a set target of 30 per cent female partners and 30 per cent women in senior leadership positions by 2020. Like its rivals, EY has not had a history of parity in leadership positions. “It’s no secret women...

  14. ‘We cannot rest on our laurels’: Senator Jane Hume

    and the new Minister for Women’s Economic Security, has urged the financial services industry to help support more women to lead in business. Delivering the keynote speech at the fifth annual Women in Finance Awards 2021, held in-person at The Star in...

  15. ‘We can’t believe the government is doing this’: Mid-tier up in arms over bankruptcy reform

    default period, including mid-tier firm Pitcher Partners who said the reform would reward bad behaviour, encourage fraud and lead to the exploitation of creditors. ASIC raised similar concerns, stating that the shortened period could unintentionally...

  16. ‘We can't stay outside of this software world’: Tax agents called to lead change

    The Tax Office is seeing a change in the industry conversations around accounting software from one of fear to optimism, given the inevitability of digital growth. Speaking on the ATO’s tax professionals webcast, ATO director Ben Spargo said he has...

  17. ‘Watch very closely’: mid-tier flags fuel tax credit change delay

    December consumer price index by the Australian Bureau of Statistics has delayed the fuel tax credit rate change, which may lead to complications for clients if tax professionals are not on the ball. CPI for December 2017 was published by the ABS on 31...

  18. ‘Warning shot’: Experts react to ATO property development tax alert

    would soon face stricter regulatory scrutiny and possible penalties. Adam Crowley, national real estate and construction leader at RSM Australia, said the alert had put in-scope taxpayers “on notice,” but added that the ATO did not appear to be worried...

  19. ‘Voracious’ tax, advisory demand drives spate of mid-tier hires

    Mid-tier firm RSM has made a number of partner and director appointments in the lead up to FY17/18, with a particular focus on growing its business advisory division and servicing client demands off the back of “never-ending” tax complexity. RSM has...

  20. ‘Volatile market’ increasing cash-flow challenges

    them to make prompt or even early payments. While offering flexible payment terms can keep your customers happy, this can lead to financial problems on your side. By implementing a better payment plan, you’re more likely to get the money in the bank...