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Further tax audits in the works, says director

Further tax audits in the works, says director

by Shared by AccountantsDaily | Oct 8, 2018 | News

Speaking to Accountants Daily, Change Accountants and Advisers managing director Timothy Munro said he is expecting to see a spike in the number of tax audits over the next 12 months, in light of increase data matching from the ATO.Read the full article at Accountants...
Big STP concessions progress for microbusiness

Big STP concessions progress for microbusiness

by Shared by AccountantsDaily | Oct 5, 2018 | News

While legislation to expand STP to employers with 19 or less employees from 1 July 2019 is still before the Senate, the ATO has begun seeking expressions of interest from digital services providers to develop Single Touch Payroll software for the micro employer...
ATO holds millions in unclaimed refunds after 200k skipped lodgment

ATO holds millions in unclaimed refunds after 200k skipped lodgment

by Shared by AccountantsDaily | Oct 4, 2018 | News

With the deadline of 31 October for self-preparers edging closer, the ATO is looking to drive lodgment compliance, with about 7 million completed returns lodged so far this tax time.Read the full article at Accountants Daily.
Labor franking proposal could spur risky investor behaviour

Labor franking proposal could spur risky investor behaviour

by Shared by AccountantsDaily | Oct 3, 2018 | News

Last week, the House of Representatives Standing Committee on Economics announced an inquiry into the implications of removing refundable franking credits, with Wilson Asset Management chair Geoff Wilson describing it as a “significant battle” won in its battle to...
Incorrect claims leads to tax agent’s four month suspension

Incorrect claims leads to tax agent’s four month suspension

by Shared by AccountantsDaily | Oct 2, 2018 | News

The TPB’s board conduct committee decisions for June to August have resulted in three suspensions, including two for practitioners failing to comply with their personal tax obligations.Read the full article at Accountants Daily.
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