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ATO’s tougher stance on work vehicles ‘need attention’

ATO’s tougher stance on work vehicles ‘need attention’

by Shared by AccountantsDaily | Jul 18, 2018 | News

Practical Compliance Guideline: Exempt car benefits and exempt residual benefits: compliance approach to determining private use of vehicles can be accessed here for your records.Read the full article at AccountantsDaily.
$472k in recoveries shines light on alternative reporting systems

$472k in recoveries shines light on alternative reporting systems

by Shared by AccountantsDaily | Jul 17, 2018 | News

Last week, the FWO revealed its recovery of $471,904 for 616 workers along the East Coast after auditing businesses in breach of workplace law, including the underpayment of workers.Read the full article at AccountantsDaily.
‘Large preparers to suburban accountants’ copped ATO audit

‘Large preparers to suburban accountants’ copped ATO audit

by Shared by AccountantsDaily | Jul 16, 2018 | News

Yesterday, the Tax Office revealed that there was an $8.7 billion tax gap for individuals, more than three times the amount of the $2.5 billion tax gap from large corporates.Read the full article at AccountantsDaily.
91 missed returns lands taxpayer with suspended sentence

91 missed returns lands taxpayer with suspended sentence

by Shared by AccountantsDaily | Jul 13, 2018 | News

Following years of warning and notices from the ATO, as well as two previous court-imposed fines of $30,000 and $20,000 for non-lodgment, Judith Ahearn has been issued with a 12-month suspended sentence in the Geraldton Magistrates Court. She was found guilty of...
Details of exam for advice-giving accountants released

Details of exam for advice-giving accountants released

by Shared by AccountantsDaily | Jul 12, 2018 | News

As part of incoming and mandatory education requirements, accountants operating under an AFSL prior to 31 December 2018 will be required to pass the examination before 1 January 2021.Read the full article at AccountantsDaily.
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