ASIC reveals medium-term plan for small business

ASIC reveals medium-term plan for small business

According to ASIC’s Corporate Plan 2018-2022, it highlighted poor culture and professionalism in financial services and credit as one of its areas of focus for 2018-19.As for the medium-term until 2022, one of the strategic priorities highlighted by ASIC was to...
New scamming method leaving tax agents at risk

New scamming method leaving tax agents at risk

According to ATO assistant commissioner Kath Anderson, the new method has fraudsters initiating a three-way phone conversation between the scammer, the victim and another scammer impersonating the victim’s tax agent.“One recent example had a taxpayer unfortunately...
Effectiveness of ATO letter campaign flagged in report

Effectiveness of ATO letter campaign flagged in report

The Behavioural Economics Team of the Australian government (BETA) found that, in its trial of 2,277 tax agents, those who received a letter notifying them of higher than expected work-related expense claims for clients had reduced their average client claim by...
IPA educational credentials lifted with appointment

IPA educational credentials lifted with appointment

The IPA said Gary Pflugrath will be appointed to the role of executive general manager of IPA program and qualifications.He will be leading the IPA program as well as overseeing the learning and development framework of the IPA and provide further insight into its...
Small business tax relief a focus area for new Treasury

Small business tax relief a focus area for new Treasury

Treasurer Josh Frydenberg said in a statement that assistant treasurer Stuart Robert will be responsible for financial services, and will be assisting across the portfolio on matters including tax legislation and administration.In addition, Mr Robert will be...