New TPB guidance on offshoring arrangements released

New TPB guidance on offshoring arrangements released

The TPB’s practice note TPB(PN) 2/2018 Outsourcing and offshoring – Code of Professional Conduct considerations is aimed at helping registered tax agents understand their obligations under the Code of Professional Conduct in the Tax Agent Services Act 2009 in...
ASIC outlines enforcement activity for the next 6 months

ASIC outlines enforcement activity for the next 6 months

ASIC’s enforcement report for 1 July to 31 December 2017, shows 90 per cent of all enforcement activity with small businesses ended with criminal proceedings.Over the next six months, ASIC will focus its enforcement activities to insolvency practitioners and...
IPA hits back at proposed small business CGT changes

IPA hits back at proposed small business CGT changes

Earlier this month, the government released exposure draft legislation aimed at improving integrity measures to the small business CGT concessions, altering the eligibility of assets.The government has now proposed that from 1 July 2017, the small business CGT...
NSW small business insurance duty exemptions highlighted

NSW small business insurance duty exemptions highlighted

The NSW government recently mandated that certain types of insurance for small businesses are not liable to pay duty from 1 January 2018.Revenue NSW classifies small business as an entity with the meaning of section 152-10 (1AA) of the Income Tax Assessment Act 1997...