SMEs set to benefit from new lending code

SMEs set to benefit from new lending code

Online lenders Capify, GetCapital, Moula, OnDeck, Prospa and Spotcap have signed on to a Code of Lending Practice outlining a series of best practice principles that will standardise transparency and disclosure in relation to the unsecured small business loans they...
Strange tax claims creating ethical accounting dilemmas

Strange tax claims creating ethical accounting dilemmas

Speaking to Public Accountant, the Institute of Public Accountants general manager of technical policy, Tony Greco, said this could either mean one of two things – either accountants are more exposed to those types of issues, or they’re more conscious of their...
Contentious new SMSF audit plans hit the market

Contentious new SMSF audit plans hit the market

A paper released by Treasury last week said transitional arrangements may be needed to “assist the SMSF audit industry to adjust to changes to workflow associated with SMSFs transitioning to three-yearly audit cycles.One of the transitional arrangements suggested in...
Accountants lament piecemeal approach to GST changes

Accountants lament piecemeal approach to GST changes

Yesterday, Treasurer Scott Morrison outlined major changes to GST distribution among the states, including a government-funded top-up.Planned to launch in 2019-20, the proposal will see the federal government top up more than $7 billion over the next 10 years in a bid...