by KTaurian | Apr 13, 2017 | Features, Technology
A disruptive past The Tax Agent Portal, while a godsend for some when it’s up and running, has proven to be as crippling as it is helpful. Its maintenance downtime, both scheduled and unscheduled, has become somewhat of a joke in the industry, and accountants have...
by KTaurian | Apr 7, 2017 | News
The Fold Legal director Jaime Lumsden Kelly says she has already seen issues with succession planning for accounting firms that have only one responsible manager on the licence.“ASIC came out last year and said they wouldn’t allow any more responsible managers to be...
by KTaurian | Apr 6, 2017 | News
The ATO is auditing 59 multinational corporations and hundreds of other companies to ensure compliance with our taxation laws including the Government’s new Multinational Anti-Avoidance Law (MAAL).“Our multinational tax laws are having an impact and we now have one of...
by KTaurian | Mar 29, 2017 | News
As announced earlier this year, ASIC is currently conducting a major shadow shopping exercise in a bid to target unlicensed SMSF advice.In emails seen by a Public Accountant sister title, it is clear ASIC has selected several hundred funds for random investigation...
by KTaurian | Mar 27, 2017 | News
BDO’s national leader for superannuation, Shirley Schaefer, has seen evidence of the ATO and ASIC sharing data as transactions occur, upping the ability to detecting and capture non-compliance.Specifically, the regulators are monitoring accountants providing what is...
