Crowdfunding laws pass through Parliament

Crowdfunding laws pass through Parliament

by | Sep 18, 2018 | News

Under the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017, crowdfunding will be extended to private Australian companies, opening the door for start-ups and other small businesses to raise funds from the public. The legislation will...
ASIC gives legitimacy to new complaints body

ASIC gives legitimacy to new complaints body

by | Sep 17, 2018 | News

ASIC said in a statement that a key part of its role in overseeing the operation of the new scheme is that it’s required to approve material changes to the AFCA scheme under the Corporations Act 2001.In providing a membership update, ASIC noted that almost all...
IPA wins seat on global accounting body

IPA wins seat on global accounting body

by | Sep 14, 2018 | News

IPA president Damien Moore congratulated Mr Conway on this important appointment on behalf of the IPA board of directors. “Andrew is the ideal appointment, which recognises his commitment to the profession that has included the chairing of the PAODC of the...
A win for small business with asset write-off extension

A win for small business with asset write-off extension

by | Sep 13, 2018 | News

Treasurer Josh Frydenberg said it has delivered on its commitment in the 2018-19 budget to extend the write-off for a further 12 months to 30 June 2019 after it passed through the Senate today.“Across Australia, there are around 3.3 million small businesses with an...
ATO zones in on home office expenses

ATO zones in on home office expenses

by | Sep 12, 2018 | News

The announcement comes after the ATO recently highlighted several small business professions that have a number of tax ‘grey areas’, including teachers, nurses, police officers, office workers and IT professionals. While taxpayers can legitimately claim additional...