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New quarterly STP reporting method for closely held payees revealed

New quarterly STP reporting method for closely held payees revealed

by Shared by Accountants Daily | Mar 19, 2019 | News

The Tax Office previously announced that the closely held group will be granted a one-year exemption from STP reporting, with employers due to start quarterly reporting from 1 July 2020. Read more at the Accountants Daily. 
ASBFEO says it is concerned with number of ATO garnishees

ASBFEO says it is concerned with number of ATO garnishees

by Maja Garaca Djurdjevic | Mar 18, 2019 | News

The number of ATO garnishee debt-recovery notices released each day, as reported in the acting Inspector-General of Taxation and Taxation Ombudsman’s (IGTO) review, is of great concern to the Australian Small Business and Family Enterprise Ombudsman, it said in a...
ACCC will eye algorithms to protect small business: Sims

ACCC will eye algorithms to protect small business: Sims

by Shared by SMH | Mar 18, 2019 | News

Australian Competition and Consumer Commission chairman Rod Sims told The Age and The Sydney Morning Herald  that smaller businesses and startups were not the focus of the watchdog’s scrutiny of big data and the use of algorithms. Read more at the...
CBA backs down from $100m ATO stoush

CBA backs down from $100m ATO stoush

by Shared by the Financial Review | Mar 18, 2019 | News

CBA, advised by professional services giant Deloitte, had said that its multiyear​ “CBA core banking modernisation project”, which cost more than $1 billion, was eligible for the R&D incentive, which is designed to support innovative projects. Read...
Accounting industry younger and thriving, says ATO

Accounting industry younger and thriving, says ATO

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

ATO Assistant Commissioner Colin Walker has revealed new demographics for the tax and BAS agent population, with 59.8 per cent of practitioners now aged between 23 to 40 years old, at a 50 per cent male to female gender ratio. Read more at the Accountants...
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