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Accounting bodies band together to fight audit proposal

Accounting bodies band together to fight audit proposal

by Shared by AccountantsDaily | Sep 7, 2018 | News

In submissions seen by Accountants Daily, Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia, the Institute of Public Accountants (IPA), and the Tax Institute have all told the government that its three-year audit proposal would not meet its...
40,000 on board with STP but big deferrals slow take-up

40,000 on board with STP but big deferrals slow take-up

by Shared by AccountantsDaily | Sep 6, 2018 | News

Employers with 20 or more employees had to be STP compliant from July 1 this year, and the ATO is so far satisfied with the progress of the new regime.Read the full article at Accountants Daily.
ABN shake-up meets backlash from accounting, tax profession

ABN shake-up meets backlash from accounting, tax profession

by Shared by AccountantsDaily | Sep 5, 2018 | News

In July, Treasury released a consultation paper as part of the government’s plan to reform the ABN system, which included suggestions including periodic renewals and fees associated with it, in a bid to prompt ABN holders to have “closer engagement with the ABN...
ACCC backs bigger changes to laws for unfair contract terms

ACCC backs bigger changes to laws for unfair contract terms

by Shared by AccountantsDaily | Sep 4, 2018 | News

Addressing the Council of Small Business Organisations Australia (COSBOA) National Small Business Summit 2018, ACCC chair Rod Sims said that current business-to-business unfair contract terms were not sufficient in protecting small businesses.Read the full article at...
Auditors fear fee drops distort benefits of proposed changes

Auditors fear fee drops distort benefits of proposed changes

by Shared by AccountantsDaily | Sep 3, 2018 | News

With Treasury’s consultation period on the proposed three-year audit measure for SMSFs with good compliance history closing on Friday, the industry has stepped up its lobbying efforts, warning government that the change would be a “ticking time bomb”.Read the full...
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