TPB spots 2018 tax time focus areas

TPB spots 2018 tax time focus areas

Speaking at the Accounting Business Expo in Sydney, TPB chair Ian Taylor said the crackdown on work-related clothing and laundry expenses was understandable, considering the number of claims seen last year. “One of the real areas that Chris Jordan has pointed out is...
IPA calls for permanent $20K tax break

IPA calls for permanent $20K tax break

Recently, Labor leader Bill Shorten announced that if elected, he would introduce an Australian Investment Guarantee which would see all businesses in Australia able to immediately deduct 20 per cent off any new eligible asset worth more than $20,000. Treasurer Scott...
ASIC disqualifies SMSF auditor

ASIC disqualifies SMSF auditor

Victoria-based Lindsay Malcolm Wells has been disqualified from being an approved SMSF auditor after it was found that he had audited his own fund, the fund of an immediate family member and a fund where he was the trustee. In doing so, Mr Wells had breached the...
IPA calls for charities, NFPs regulatory regime change

IPA calls for charities, NFPs regulatory regime change

The Review of the Australian Charities and Not-for-profits Commission (ACNC) legislation is currently underway, and aims to evaluate the performance of the legislative framework, the regulation of the sector and to identify any improvements that can be made.The IPA...
Generational difference in upskilling motivation, survey shows

Generational difference in upskilling motivation, survey shows

Recruitment firm Hays surveyed 1,253 professionals and found that 5 per cent believed that upskilling led to a salary increase immediately; with 54 per cent believing it will have financial benefits in the long-term.Further, 35 per cent believed upskilling did not...