Govt’s super measure adds new layer of complexity

Govt’s super measure adds new layer of complexity

The scheme, announced in the federal budget, allows first-time buyers to put a total of $30,000 in their super accounts to take advantage of the discounted tax rate, and be withdrawn for a home deposit.BDO superannuation partner Mark Wilkinson believes the scheme will...
IPA announces partnership with financial software firm

IPA announces partnership with financial software firm

The partnership with myprosperity, a relatively new addition to the fintech scene, will help automate data feeds from various providers to provide information about clients’ bank accounts, credit cards, home loans, real estate, insurances and superannuation.“In a...
Archaic payment practices hurting SMEs

Archaic payment practices hurting SMEs

Fifty-nine per cent of surveyed companies yet to modernise payment practices are at severe risk of collapsing, while 19 per cent are at moderate risk, the American Express Payment Revolution research reveals. The report studied 355 CFOs from businesses with an annual...

Budget heralds new approach to chasing tax revenue

Pointing to the $340 million tax bill case win for the ATO, Marcus Leonard, tax partner at BDO, said that there was a clear target in Treasurer Scott Morrison’s budget speech aimed at amended assessments as a source of additional revenue raising. “It’s the first time...
Budget heralds wave of ATO crackdowns, says mid-tier

Budget heralds wave of ATO crackdowns, says mid-tier

Speaking at BDO’s budget dinner, tax partner Marcus Leonard noted that Treasurer Scott Morrison failed to mention any new tax changes, but instead focused on integrity measures to recover tax liabilities.“What came out to me on tax changes was not changing rates, but...