Tax

Tax

ASIC outlines focus areas for financial reporting

ASIC has highlighted some of the key focus areas for financial reports under COVID-19 conditions for reporting periods...

10 December 2021 • By Miranda Brownlee

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Tax

ATO provides deadlines for early access to super over Christmas

The ATO has released new information for individuals who need to access their superannuation early on compassionate...

07 December 2021 • By Tony Zhang

Tax

ATO circles distributions from foreign trusts

The ATO is keeping a close eye on distributions from foreign trusts, reminding tax professionals to ensure clients...

06 December 2021 • By Emma Musgrave

Tax

ASIC releases annual audit report

The corporate watchdog’s audit inspection findings for the 12 months to 30 June have been released, highlighting some...

03 December 2021 • By Emma Musgrave

Tax

AAT urged to review evidence requirements for tax matters

The Tax Institute has called on the Administrative Appeals Tribunal to review its current processes and procedures for...

02 December 2021 • By Miranda Brownlee

Tax

Challenges flagged in fit and proper test recommendation

An accounting body is considering whether the fit and proper person test approach taken by legal practitioners is...

01 December 2021 • By Malavika Santhebennur

Tax

ATO flags focus areas for combating $33.5bn ‘tax gap’

The ATO says it will be focusing on accessing new third-party data, automating audit processes, increasing its access...

30 November 2021 • By Miranda Brownlee

Tax

Tax liability failure sees Qld director disqualified

ASIC has banned a Queensland director from managing corporations for five years following his failure to ensure that...

30 November 2021 • By Emma Musgrave