Tax

Tax

Auditors get a bad rap in new ASIC report

One in five audits reviewed by ASIC did not receive reasonable assurance that the company’s financial report was free...

25 January 2019 • By Jotham Lian

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Tax

‘Fully compliant’ tax, BAS agents report receiving overdue notices

Some errors in letters sent by the Tax Practitioners Board, as part of their tax agent debt and lodgment project, have...

24 January 2019 • By Jotham Lian

Tax

Rate for home office expenses bumped up

The ATO has updated the hourly rate for calculating home office running expenses for the income year commencing 1 July...

23 January 2019 • By Reporter

Tax

Thousands of clients set to be contacted on incoming STP deadline

The ATO will begin to contact small business clients who are already using payroll software in a bid to get them to...

23 January 2019 • By Jotham Lian

Tax

Labor homes in on small biz as election nears, cops more backlash for tax...

Labor’s plan to introduce a dedicated small business minister has been welcomed but concerns have been raised over the...

23 January 2019 • By Jotham Lian

Tax

Former inspector-general of taxation surfaces at PwC

Former inspector-general of taxation, Ali Noroozi will join PwC as a new partner in its financial advisory business.

23 January 2019 • By Jotham Lian

Tax

ATO proposes annual tax determinations change

The ATO is currently seeking feedback on a proposal to replace annual taxation determinations with content published...

22 January 2019 • By Jotham Lian

Tax

Trusts tax reform set to go ahead under Labor

After first being announced in 2017, Labor’s proposed tax for discretionary trust distributions is shaping up to be a...

21 January 2019 • By Miranda Brownlee