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ATO invites black economy tip-offs in effort to curb wrongdoing

ATO invites black economy tip-offs in effort to curb wrongdoing

by Maja Garaca Djurdjevic | Jan 28, 2020 | News

The ATO’s Tax Integrity Centre received over 27,000 tip-offs in the first half of this financial year, after gathering a record-breaking 15,000 tip-offs in the first quarter. The top tip-off categories have been not declaring income; demanding cash from customers;...
Climate awareness will drive green trends in equities

Climate awareness will drive green trends in equities

by Shared by Nestegg | Jan 28, 2020 | News

According to Saxo Bank’s Q1 2020 Quarterly Outlook, shifts into greener investments carry high risk, with cyclical sectors such as solar, wind and EVs likely to be more heavily impacted in a recession. Read more at Nestegg. 
Unforeseen consequences in ATO late lodgement policy

Unforeseen consequences in ATO late lodgement policy

by Shared by SMSF Adviser | Jan 28, 2020 | News

In a recent blog post, the SMSF service provider’s executive manager of SMSF technical and private wealth, Graeme Colley, said if a late lodging fund had their details removed on the SFLU system, the compliance impacts could mean they would be restricted in what...
Accountant permanently banned by ASIC after misleading clients

Accountant permanently banned by ASIC after misleading clients

by Maja Garaca Djurdjevic | Jan 28, 2020 | News

Nicholas Ellis, of Valentine NSW, has been permanently banned by ASIC from providing financial services after he was found to have made misleading statements to obtain money from his clients. In October 2019, Mr Ellis was sentenced to three years’ imprisonment for...
Accountants call for improved UN SDG disclosures

Accountants call for improved UN SDG disclosures

by Maja Garaca Djurdjevic | Jan 27, 2020 | News

The recommendations are detailed in the report Sustainable Development Goals Disclosure (SDGD) Recommendations, authored by Carol Adams, professor of accounting, with Paul Druckman and Russell Picot, honorary professors at Durham University Business School. The SDGD...
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