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Tax agent deregistered for false SMSF declarations

Tax agent deregistered for false SMSF declarations

by Shared by Accountants Daily | May 20, 2020 | News

The agent had included details of an SMSF auditor in the tax returns, including in his own SMSF tax return, when he knew the returns had not been audited, the TPB said in a statement. Read more at the Accountancy Daily. 
$100m in small-business grants to combat COVID-19

$100m in small-business grants to combat COVID-19

by Maja Garaca Djurdjevic | May 19, 2020 | News

The package is part of Queensland’s Economic Recovery Strategy: Unite and Recover for Queensland Jobs, and has been developed to assist those small businesses forced into hibernation to restructure or to significantly change their business operations or move online....
Coronavirus job losses smash tourist regions but ‘the worst is behind us’, ABS data show

Coronavirus job losses smash tourist regions but ‘the worst is behind us’, ABS data show

by Shared by the ABC | May 19, 2020 | News

However, the same figures also show the heavy toll that the lockdown is having in regions where tourism and hospitality are among the primary employers. Read more at the ABC. 
SA small businesses most worried as pessimism grows

SA small businesses most worried as pessimism grows

by Shared by MyBusiness | May 19, 2020 | News

While just under half of all small businesses in the ACT voiced their hope for a post-COVID-19 future, only 26.9 per cent of South Australian businesses reported their confidence, data from the Sensis Business Index revealed. Read more at MyBusiness. 
Lodgement extensions critical as 3 out of 4 agents fall behind

Lodgement extensions critical as 3 out of 4 agents fall behind

by Shared by Accountants Daily | May 19, 2020 | News

A Tax & Super Australia (TSA) survey of 530 accounting professionals has found that a blowout in increased workloads from the government’s stimulus measures has resulted in 72 per cent of respondents reporting that they were behind on lodgements compared to last...
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