Tax

Tax

AASB proposes interim change for special-purpose financial statements

Entities using special-purpose financial statements could soon be required to explicitly state if accounting policies...

16 July 2019 • By Jotham Lian

more from tax

Tax

No new policy on private rulings, says Tax Office

The ATO says it has not changed its policy to stop providing reasons in edited versions of private rulings after...

12 July 2019 • By Jotham Lian

Tax

ATO set to correct concessional lodgement due date

The ATO will update actual lodgement due dates for individual clients by the end of the month after a number of tax...

12 July 2019 • By Jotham Lian

Tax

‘Inappropriate use’ of myGov lodgements set for ATO scrutiny

The ATO has sent a warning to tax practitioners about using a client’s personal myGov account to lodge tax returns,...

11 July 2019 • By Jotham Lian

Tax

How to best manage an ATO audit: former deputy commissioner

Developing an early relationship with tax officers and reminding them of their obligations as set out in the...

10 July 2019 • By Jotham Lian

Tax

Lodgements spike by 88% as taxpayers ignore advice

Taxpayers have ignored the ATO’s calls to hold off on returns, with lodgements now 88 per cent higher than they were...

10 July 2019 • By Jotham Lian

Tax

‘Widespread misunderstanding’: Accountants cautioned on journal entries

Accountants have been cautioned from using accounting entries as a substitute for a transaction actually occurring,...

09 July 2019 • By Jotham Lian

Tax

Update clients’ financial institution details for unclaimed super: ATO

Accountants have been reminded to help their clients reclaim their lost super by ensuring their correct financial...

09 July 2019 • By Jotham Lian