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New ASIC levies for accounting professionals cop backlash

New ASIC levies for accounting professionals cop backlash

by Shared by AccountantsDaily | Apr 5, 2018 | News

Late last week, the corporate regulator published indicative levies based on its budgeted regulatory costs outlined in ASIC’s draft Cost Recovery Implementation Statement (CRIS).Read the full article on Accountants Daily.
80,000 Aussies set to receive super alert from ATO

80,000 Aussies set to receive super alert from ATO

by Shared by AccountantsDaily | Apr 3, 2018 | News

The ATO currently holds unclaimed superannuation money for approximately 5.38 million accounts with a total value of $3.75 billion as at 30 June 2017.Read the full article on Accountants Daily.
Let dodgy clients go: TPB lays down law for tax agents

Let dodgy clients go: TPB lays down law for tax agents

by Shared by AccountantsDaily | Mar 27, 2018 | News

Speaking at the Accounting Business Expo, TPB chair, Ian Taylor said that while comments made by ATO commissioner Chris Jordan last week had rightly caused angst within the community, it was a timely reminder for registered tax agents to remember their obligations set...
Accountants’ ‘extensive’ knowledge brushed over in new laws

Accountants’ ‘extensive’ knowledge brushed over in new laws

by Shared by AccountantsDaily | Mar 21, 2018 | News

The incoming standards, set by the Financial Adviser Standards and Ethics Authority (FASEA), will require those with a bachelor’s degree in a “related field” – including accounting, business and economics – to complete a bridging course of three study...
Tax office releases fresh guidance on SMSFs

Tax office releases fresh guidance on SMSFs

by Shared by AccountantsDaily | Mar 15, 2018 | News

The ATO is set to “closely scrutinise” arrangements where amounts within an SMSF are held in a reserve, as opposed to being allocated directly to a member’s superannuation interest.Read the full article on Accountants Daily.
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