by Shared by MyBusiness | Jul 15, 2019 | News
Citing figures from insolvency firm Rodgers Reidy, Prushka Fast Debt Recovery said there had been a “worrying spike” in the number of applications to wind up a company in the 2018–19 financial year. Read more at MyBusiness.
by Maja Garaca Djurdjevic | Jul 15, 2019 | News
The Tax Office has warned self-managed super fund (SMSF) auditors it takes a proactive approach to SMSF auditor number (SAN) misuse. In May, the ATO completed a mailout to 5,446 SMSF auditors providing them with a list of funds that reported their SAN on SMSF annual...
by Shared by Accountants Daily | Jul 15, 2019 | News
According to the Australian Cyber Security Centre (ACSC), tax-time scams in 2018 saw more than 114,000 reports and $2.8 million in reported losses, up from $2.4 million in 2017. Read more at the Accountants Daily.
by Maja Garaca Djurdjevic | Jul 15, 2019 | News
The TPB has kicked of the 2019-20 financial year by investigating over 350 tax practitioners suspected of various misconducts including failure to meet personal tax obligations; over-claiming work-related expenses on behalf of clients; egregious conduct; non-lodgement...
by Shared by ABC | Jul 15, 2019 | News
Seniors groups and Labor have been lobbying the Government to cut the official deeming rate, which is used to calculate how much a pensioner earns on their financial assets — regardless of the actual return. Read more at the ABC.
