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Big accountants hit by 457 changes

Big accountants hit by 457 changes

by Shared by Australian Financial Review | May 16, 2017 | News

The firms also could be hit with an extra $1 million a year in costs as part of the government’s proposed new levy on employers that use visa workers, as revealed in last week’s budget. Read the full article on the Australian Financial Review.

‘Harsh’ budget bank levy will be passed on to consumers: market analysts

by Shared by Australian Financial Review | May 10, 2017 | News

Treasurer Scott Morrison unveiled the levy on the liabilities of the biggest five banks would raise $6.2 billion over four years as part of Tuesday night’s budget.Read the full article on Australian Financial Review.

KPMG sees robots taking over tax compliance

by Shared by Australian Financial Review | May 5, 2017 | News

A similar proportion reckoned the world would have witnessed the first tax collected via blockchain within that timeframe, while 45 per cent said robots would be occupying places at the board room table.Read the full article on Australian Financial Review.

Accountancy firm ‘involved’ in client’s underpayments in landmark decision

by Shared by Australian Financial Review | May 2, 2017 | News

Legal experts have called the ruling a “game changer” and say payroll managers and advisers now risk fines even they do not have direct knowledge that their actions constitute a breach.Read the full article on Australian Financial Review.
Major banks reduce their legal powers over SME customers

Major banks reduce their legal powers over SME customers

by Shared by Australian Financial Review | May 1, 2017 | News

While CBA and NAB’s changes apply to both existing loan contracts and new contracts, the changes by ANZ and Westpac only apply to new contracts, or when customers seek to renew or vary an existing contract.Read the full article on Australian Financial...
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