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Fast forward: What can you expect out of 2020

Fast forward: What can you expect out of 2020

by Contributed by Lielette Calleja | Dec 13, 2019 | Features

Cloud accounting software players like Xero and Intuit made a big splash into a market that was heavily monopolised by a well-known and trusted household brand MYOB. This was by far the biggest disruptor to our industry and the small to medium business sector. Fortune...
Deductions for vacant land, tax debt disclosure and SG integrity

Deductions for vacant land, tax debt disclosure and SG integrity

by Contributed by Tony Greco | Dec 12, 2019 | Blog

By the time this article is published, this bill would have been enacted and have passed into law with some late amendments.  So, what changes are being proposed? I will deal with each matter separately. Vacant land Changes for deductions pertaining to vacant land...
Employee or independent contractor: What happens when it goes wrong?

Employee or independent contractor: What happens when it goes wrong?

by Contributed by Tony Ince | Dec 12, 2019 | Blog

The changing working arrangements have put a spotlight on the traditional dichotomy between an independent contractor and an employee. The new arrangements suggest a further category, as yet undefined, that has characteristics of both. A recent decision by the Fair...
ATO commissioner vows to work harder to minimise disruption in 2020

ATO commissioner vows to work harder to minimise disruption in 2020

by Maja Garaca Djurdjevic | Dec 12, 2019 | News

The Commissioner of Taxation has issued a special message to tax professionals ahead of the holidays, commending them on all of their hard work and promising to strengthening that relationship going forward. “Tax professionals are a vital part of the tax system, and...
APRA takes action over fees charged to dead super members

APRA takes action over fees charged to dead super members

by Shared by the ifa | Dec 12, 2019 | News

Avanteos, which is a registrable superannuation entity (RSE) licensee, charged adviser service fees to the accounts of 2,234 deceased members between 2003 and 2018, of which the total financial impact was more than $6 million (inclusive of interest paid), APRA said in...
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