More tax liabilities to be recognised with new guidance

More tax liabilities to be recognised with new guidance

The Australian Accounting Standards Board (AASB) announced today that directors are now required to continually assess the aggressiveness of tax positions taken and assume the ATO has full knowledge of all relevant facts, regardless of whether their companies have had...
One-stop shop ombudsman tipped as a win for industry, consumers

One-stop shop ombudsman tipped as a win for industry, consumers

In Maurice Blackburn’s latest submission to the Ramsay Review, the firm pointed to the poor regulation of adequate professional indemnity insurance for financial service providers which often resulted in consumers unable to take action against a financial adviser who...
Accounting firm teams up with software provider

Accounting firm teams up with software provider

Carbon Group, which last month announced its seventh acquisition in less than two years, will now lean on MYOB’s suite of products to serve their client base.Carbon bookkeeping partner Cheryl Knight said MYOB’s focus on payment solutions is a highlight for the West...
Government urged to alleviate SME utilities pressure

Government urged to alleviate SME utilities pressure

AGL, Origin and EnergyAustralia confirmed price increases from 1 July, with New South Wales and South Australia seeing a hike between 15 per cent and 19 per cent, the ACT up to 18 per cent and Queensland up to 7 per cent.MYOB’s 2017 Business Monitor survey found that...
Small businesses bullish over tax cuts

Small businesses bullish over tax cuts

The MYOB SME Snapshot found that up to 44 per cent of small businesses plan to invest these savings back into their business. Small businesses with a turnover of less than $10 million will see their corporate tax rate cut to 27.5 per cent from 30 per cent, while...