by admin | Feb 1, 2013 | Features
Champions of integrated reporting say we need it because we’re now living in a different world and the way companies present information has failed to keep up with the changes. The balance sheet, they say, does not tell the full story of globalisation, innovation and...
by admin | Feb 1, 2013 | Features
Believe it or not, doing nothing is a popular option. People often lack conviction that the solution they’ve divined will actually solve the problem. In a small business (yours or your client’s), and where problems and solutions appear simple, this behaviour can work...
by admin | Feb 1, 2013 | Features
The Administrative Appeals Tribunal (AAT) has held that an employee of a suburban tax practice who had client funds improperly paid into his personal bank account by his employer was not assessable in respect of those as he was not beneficially entitled to them. Facts...
by admin | Feb 1, 2013 | Features
The Australian Taxation Office’s statistical report from June 2012 indicates that 34.1 per cent of all new SMSF members and 15.6 per cent of all existing SMSF members are under the age of 45. A key motivator for many SMSF establishments is the ability to have more...
by admin | Feb 1, 2013 | Features
Impetus for change These days, small companies can use new cloud technologies to create their BAS and income tax returns and lodge them direct with the ATO using the process known as Standard Business Reporting (SBR). Further simplification of the personal tax system...
