by Maja Garaca Djurdjevic | May 9, 2019 | News
There has been significant misinformation when it comes to accountants’ fees for providing tax advice, according to the Institute of Public Accountants (IPA). “The figures used are based on a very small sample. These in themselves do not justify a policy of capping...
by Shared by MyBusiness | May 9, 2019 | News
The ATO has implemented a change to split the deduction label D10 “Cost of managing tax affairs” into three components: interest charged by the ATO, litigation costs and other expenses incurred in managing tax affairs. Read more at MyBusiness.
by Shared by Accountants Daily | May 9, 2019 | News
According to a new costing by the Parliamentary Budget Office, Labor’s proposal will claw back $7.69 billion worth of revenue over the next three years and $26.9 billion over the next decade. Read more at Accountants Daily.
by Maja Garaca Djurdjevic | May 9, 2019 | News
The Australian Securities and Investments Commission (ASIC) has written to the CEOs of several major Australian financial institutions regarding their preparations for the end of LIBOR. LIBOR (London Inter-bank Offered Rate) is deeply embedded in financial markets...
by Maja Garaca Djurdjevic | May 9, 2019 | News
The latest data from the Australian Taxation Office (ATO) revealed that since 2014 the number of SMSF wind-ups has hovered around 13,000, before rocketing to 20,430 in June 2018. At the same time, establishments have dropped from 33,358 in 2014, to 30,517 in 2017, and...
