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‘Gone are the days of in-house audits’, ATO warns

‘Gone are the days of in-house audits’, ATO warns

by Shared by SMSF Adviser | Sep 22, 2020 | News

ATO director Kellie Grant said the SMSF industry should be approaching the restructured code and APESB independence guide for auditors by simply “accepting that gone are days of in-house audits and Chinese walls”. Read more at SMSF Adviser. 
PM teases new business-oriented measures as he talks budget

PM teases new business-oriented measures as he talks budget

by Shared by MyBusiness | Sep 22, 2020 | News

Speaking to the ABC on Sunday, Prime Minister Scott Morrison revealed that the 6 October budget would include new measures which are going to be “pro-boosting aggregate demand in our economy”. Read more at MyBusiness. 
Treasury passes the buck on cash-flow boost anomaly

Treasury passes the buck on cash-flow boost anomaly

by Shared by Accountants Daily | Sep 22, 2020 | News

Treasury deputy secretary Jenny Wilkinson told a Senate inquiry that the department did not explore the cash-flow boost’s restrictive tax notice requirement during the Treasury’s midway review of the JobKeeper program in July. Read more at Accountants Daily. ...
ASIC imposes conditions on 2 SMSF auditor registrations

ASIC imposes conditions on 2 SMSF auditor registrations

by Shared by SMSF Adviser | Sep 21, 2020 | News

In a public announcement, ASIC said it has added conditions to the registration of two SMSF auditors, William Krammer of Victoria and Yuk Wong of NSW. Read more at SMSF Adviser.
IPA calls for holistic tax reform to drive economic growth

IPA calls for holistic tax reform to drive economic growth

by Maja Garaca Djurdjevic | Sep 21, 2020 | News

With the federal budget due to be handed down in less than three weeks, the IPA is expecting the government to deliver business incentives, tax cuts and other measures to create jobs and assist businesses to climb out of the COVID-19 mire. “While these will be...
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