by Staff Reporter | Jul 1, 2021 | News
Under reforms agreed to by the Council on Federal Financial Relations, financial reporting thresholds for small and medium charities registered with the Australian Charities and Not‑for‑profits Commission (ACNC) will be lifted, allowing over 5,000 charities to...
by Staff Reporter | Jun 30, 2021 | News
Following a consultation and development process, the Morrison government has released its Regulator Performance Guide, setting out its expectations of regulator performance and reporting via three principles of best practice, including continuous improvement and...
by Staff Reporter | Jun 30, 2021 | News
Small and medium businesses owe $21 billion to the ATO, according to new data compiled by the Inspector General of Taxation and Taxation Ombudsman (IGTO). But despite this record figure, a vast majority of small business owners are said to be doing the right thing. In...
by Staff Reporter | Jun 29, 2021 | News
Measures such as the temporary full expensing extension are there for SMEs’ benefit, but taking advantage of such measures requires good cash flow, Mr Sutton has said. “It’s no good using the instant asset write-off measures to buy a piece of equipment if making that...
by Staff Reporter | Jun 28, 2021 | News
The Financial Regulator Assessment Authority Bill 2021 has been passed, fulfilling recommendations 6.13 and 6.14 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Under the legislation, a new independent body, the...
