by Shared by Accountants Daily | Oct 21, 2020 | News
Last week, the ATO released further guidance on the APESB Independence Guide, providing further detail on what firms need to do to overcome independence hurdles and its compliance approach for 2020–21 and future years. Read more at the Accountants...
by Maja Garaca Djurdjevic | Oct 20, 2020 | News
The small business income tax gap — the difference between what was owed and what was actually paid — stood at some $11.1 billion in 2017-18, while the total amount of lost tax slipping through the ATO’s hands exceeded $31 billion, latest data from the Tax Office has...
by Shared by MyBusiness | Oct 20, 2020 | News
Payroll jobs across Australia fell by 0.9 of a percentage point across the fortnight to 3 October, on the back of a decline in all the states and territories between 19 September and 3 October, data from the ABS has shown, hinting a negative trend possibly sparked...
by Shared by Accountants Daily | Oct 20, 2020 | News
The ATO’s subsequent audit of 25 income tax returns ultimately reduced the deductions by over $135,000 and resulted in penalties totalling $53,000 being imposed on some clients. Read more at Accountants Daily.
by Shared by MyBusiness | Oct 19, 2020 | News
In a recent notice on the ATO website, businesses were warned that they may have received overpayments in JobKeeper if they have incorrectly self-assessed themselves as eligible for the payment. Read more at MyBusiness.
