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ATO grants 1-year STP exemption for closely held payees

ATO grants 1-year STP exemption for closely held payees

by Shared by AccountantsDaily | Mar 7, 2019 | News

ATO director Michael Karavas said the agency will provide an exemption for closely held payees for the 2019-20 financial year, with STP reporting for these payees to commence from 1 July 2020. Read more at the Accountants Daily.
New tax dispute solutions to create ‘supportive environment’ for small business

New tax dispute solutions to create ‘supportive environment’ for small business

by Shared by AccountantsDaily | Mar 6, 2019 | News

The small business concierge service within the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has been launched, giving taxpayers support and advice before deciding to contest an ATO decision with the Administrative Appeals Tribunal (AAT). Read...
ATO set to contact SMSF clients over focus areas

ATO set to contact SMSF clients over focus areas

by Shared by AccountantsDaily | Mar 5, 2019 | News

ATO assistant commissioner Dana Fleming said that while there are a few different areas that the ATO is monitoring following the reforms to the superannuation sector; riskier limited recourse borrowing arrangements (LRBAs) and failures with reporting under the...
NAB ‘is the victim’ in major fraud bust

NAB ‘is the victim’ in major fraud bust

by Shared by AccountantsDaily | Mar 4, 2019 | News

ABC News reported that Sydney woman Helen Rosamond, director of Human Group, was arrested on Friday (1 March) over allegations of being involved in a multimillion-dollar fraud against the bank. Read more at the Accountants Daily.
‘Biggest thing since GST’: accountants urged to contact clients on STP

‘Biggest thing since GST’: accountants urged to contact clients on STP

by Shared by AccountantsDaily | Mar 1, 2019 | News

Speaking to Accountants Daily, All That Counts director Lielette Calleja said she has seen little reaction in the small business space, a worrying sign that clients may not know what is in store for them.Read more at the Accountants Daily.
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