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Practitioners cautioned ahead of ATO’s CGT focus

Practitioners cautioned ahead of ATO’s CGT focus

by Shared by Accountants Daily | May 29, 2019 | News

Speaking to Accountants Daily, HWL Ebsworth Lawyers senior associate Vincent Liccardi said the ATO’s increased focus on CGT stems from its increasing data-matching abilities, as well as new international agreements — such as the Common Reporting Standard — which will...
Accountants turn to in-house advisers to better serve SMSF trustees

Accountants turn to in-house advisers to better serve SMSF trustees

by Maja Garaca Djurdjevic | May 28, 2019 | News

As the number of SMSFs continues to grow steadily, approaching 600,000 in the first quarter of 2019, accounting practices are employing in-house planners instead of referring their clients externally, Investment Trends’ 2019 SMSF Accountant Report revealed. ...
One-in-a-100 success rate sparks call to reform small business sacking

One-in-a-100 success rate sparks call to reform small business sacking

by Shared by The Age | May 28, 2019 | News

The Australasian Convenience and Petroleum Marketers Association claims small businesses are incurring significant financial and time penalties contesting unfair dismissal claims at the Fair Work Commission that rarely succeed. Read more at The Age. 
PwC, KPMG reveal ASIC’s audit findings

PwC, KPMG reveal ASIC’s audit findings

by Shared by Accountants Daily | May 28, 2019 | News

Earlier this year, the corporate regulator found that one in five audits conducted by the six largest firms did not receive reasonable assurance that the company’s financial report was free from material misstatement. Read more at the Accountants...
ASBFEO applauds return of Ms Cash to small business ministry

ASBFEO applauds return of Ms Cash to small business ministry

by Maja Garaca Djurdjevic | May 28, 2019 | News

Ms Cash’s return as Small and Family Business Minister demonstrates the importance of this sector in Australia, the ASBFEO said in a statement on Tuesday.  “Small business has been crying out for certainty, and now they want to see the federal government...
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