by michael | Oct 27, 2015 | News
Speaking to Public Accountant, ATO second commissioner Geoff Leeper said the tax office intends to simplify the system as much as possible. While stopping just short of saying personal tax returns will be made optional, Mr Leeper admitted that’s something that is...
by michael | Oct 26, 2015 | News
One proposed interpretation provides guidance on how uncertainty over income tax treatments should affect the accounting for income taxes and the other addresses which exchange rate should be used to report foreign currency transactions when payment is made or...
by michael | Oct 19, 2015 | News
In a statement, the federation called climate change a “seminal and intractable public interest issue”, affecting organisations and global markets as well as the societies they serve. “An international agreement on long-term global emissions reduction will...
by michael | Oct 13, 2015 | Compliance and Standards, Features
The tax office has made no secret of its plans to streamline Australia’s tax system. It’s on record as saying it wants to cut hundreds of millions of dollars of compliance costs from the system and has warned accountants much of these savings could come at their...
by michael | Oct 13, 2015 | Compliance and Standards, Features
In March this year former treasurer Joe Hockey “opened the conversation” on tax reform by releasing the Re:think tax discussion paper. At the time the government said its objective was to achieve a better tax system that delivers taxes that are lower, simpler and...
