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How to make the digital transition work for your firm

How to make the digital transition work for your firm

by Contributed by Luis Sanchez | Jul 18, 2019 | Blog

Why now is the time  In today’s digital age, going digital is no longer an option. It’s a necessity. According to Xero research, 45 per cent of advisers believe practices need to go digital to survive, yet 18 per cent of firm-based accountants still work on paper...
ATO releases toolkit for rental property owners

ATO releases toolkit for rental property owners

by Maja Garaca Djurdjevic | Jul 18, 2019 | News

In a recent review of individual tax returns, the ATO found that nine out of 10 taxpayers with a rental property made mistakes in their tax return. To help tax agents and their clients get the information they need to lodge correctly, the Tax Office has developed a...
2 in 3 Aussies now in paid work

2 in 3 Aussies now in paid work

by Shared by MyBusiness | Jul 18, 2019 | News

Of course, as the nation’s population rises, so too — one would hope — does the size of its workforce. Read more at MyBusiness. 
Tax Office releases ‘welcome guidance’ on death benefit income streams

Tax Office releases ‘welcome guidance’ on death benefit income streams

by Shared by Accountants Daily | Jul 18, 2019 | News

In an online update, the ATO has provided clarification on the interaction between compulsory cashing requirements when a member dies and the requirement to pay a minimum pension amount each year. Read more at the Accountants Daily. 
IPA calls on ATO to compensate accountants for recent system outages

IPA calls on ATO to compensate accountants for recent system outages

by Maja Garaca Djurdjevic | Jul 18, 2019 | News

The Institute of Public Accountants (IPA) has called on the ATO to recognise the damage caused by its recent technology outages and offer compensation to accountants.   IPA chief executive Andrew Conway revealed that last week’s downtimes came at a huge expense...
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