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KPMG tips Sydney and Melbourne to recover in 2 years

KPMG tips Sydney and Melbourne to recover in 2 years

by Shared by AccountantsDaily | Jan 14, 2019 | News

The new report by KPMG Economics believes widespread speculation that house prices are set to go into free fall is “overly pessimistic”, but believes price declines will continue in the near term for Australia’s two major cities. Read more at the Accountants...
ATO spots errors in small biz income tax offset claims

ATO spots errors in small biz income tax offset claims

by Shared by AccountantsDaily | Jan 14, 2019 | News

In an online update, the ATO noted that it has identified some common errors by tax practitioner when reporting client income to claim the small business income tax offset.Read more at the Accountants Daily.
IPA escalates focus on Labor’s $3k tax affairs cap as election draws closer

IPA escalates focus on Labor’s $3k tax affairs cap as election draws closer

by Shared by AccountantsDaily | Jan 11, 2019 | News

In May 2017, Labor announced that it would seek to introduce a cap on managing tax affairs if it came into government, in a bid to raise $1.8 billion over a decade.Read more at the Accountants Daily.
Lawyer spots hurdles in ATO’s paperless push

Lawyer spots hurdles in ATO’s paperless push

by Shared by AccountantsDaily | Jan 10, 2019 | News

The ATO said it was ultimately working towards a paperless environment for tax agents, with its new online service for agents, promised for release in the first quarter, forming part of the agency’s push to digitise communications with tax practitioners.Read more at...
Federal Court dismisses Deloitte excuse application

Federal Court dismisses Deloitte excuse application

by Shared by AccountantsDaily | Jan 9, 2019 | News

In a decision on 24 December 2018, Federal Court Judge Mark Moshinsky dismissed an application by Deloitte partners to be excused from complying with a production order of audit files when it was the auditor of Hastie before the construction firm went into voluntary...
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