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Spike in enforcements against auditors, liquidators

Spike in enforcements against auditors, liquidators

by Shared by AccountantsDaily | Aug 23, 2017 | News

Between January and June 2017, ASIC commenced 57 investigations and completed 80; saw 399 criminal charges laid in summary prosecutions for strict liability offences; and saw 203 persons charged in summary prosecutions for strict liability offences. Read the full...
ATO reporting change set to alter client, accountant dynamic

ATO reporting change set to alter client, accountant dynamic

by Shared by AccountantsDaily | Aug 22, 2017 | News

From 1 July 2018, accountants with SMSF clients will be required to report events which impact on a member’s $1.6 million transfer balance account in real time.Read the full article on Accountants Daily.
ATO mulls changes for ‘confusing’ CGT system

ATO mulls changes for ‘confusing’ CGT system

by Shared by AccountantsDaily | Aug 18, 2017 | News

Speaking at the Tax Institute and the Australian Tax Research Foundation 2017 forum, ATO second commissioner Andrew Mills said a simple principled approach to CGT events would bring about flexibility in dealing with changing world and emerging practices.Read the full...
Clients remain plagued by SMSF confusion

Clients remain plagued by SMSF confusion

by Shared by AccountantsDaily | Aug 15, 2017 | News

The 2017 Vanguard and Investment Trends SMSF Report revealed that 31 per cent of SMSFs were concerned by regulatory uncertainty, with an identical number struggling to choose what to invest in. Read the full article on Accountants Daily.
Major uni, mid-tier reacts to ’disappearing’ roles

Major uni, mid-tier reacts to ’disappearing’ roles

by Shared by AccountantsDaily | Aug 14, 2017 | News

Member firm of mid-tier Walker Wayland, Power Tynan, is fast-tracking its graduates’ “real life experiences” by shifting their focus away from purely transactional and administrative based tasks, according to chief executive Paul Hilton.Read the full article on...
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