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Independence standards to impact 54% of SMSF accountants, survey shows

Independence standards to impact 54% of SMSF accountants, survey shows

by Shared by Accountants Daily | Sep 30, 2020 | News

Tactical Super director Deanne Firth said with in-house audits and “Chinese walls” being scuttled away with the new independence guide for auditors, there will be a lot of movement in the SMSF audit space in the next year. Read more at the Accountants...
6-member SMSFs to reduce compliance costs, says IGTO

6-member SMSFs to reduce compliance costs, says IGTO

by Shared by SMSF Adviser | Sep 29, 2020 | News

In a submission to the Senate Economics Legislation Committee’s (Committee) inquiry into the Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020, the Inspector-General of Taxation and Taxation Ombudsman (IGTO) noted that the bill will allow an an...
Decline in telco complaints despite natural disasters, pandemic

Decline in telco complaints despite natural disasters, pandemic

by Shared by MyBusiness | Sep 29, 2020 | News

There were 18,478 complaints from small businesses, a 5.2 per cent volume decrease on the previous year, according to the Telecommunications Industry Ombudsman Annual Report 2019–20. Read more at MyBusiness. 
ATO updates discretion approach to entities without an ABN

ATO updates discretion approach to entities without an ABN

by Shared by Accountants Daily | Sep 29, 2020 | News

The Tax Office has now updated its Practice Statement Law Administration PS LA 2020/1 to include new examples of requests for discretion it has seen over the past four months. Read more at the Accountants Daily.
Insolvency reforms to underpin economic survival, says IPA

Insolvency reforms to underpin economic survival, says IPA

by Maja Garaca Djurdjevic | Sep 28, 2020 | News

In welcoming the government’s announcement, IPA chief executive Andrew Conway referred to them as a “true gamechanger for thousands of small businesses around Australia”.  “They could be the difference between survival and extinction,” said Mr...
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