IPA welcomes announcement to scrap $500k cap

IPA chief executive officer Andrew Conway said the government has realised that moving the goal posts has warranted a policy rethink.“However, we are disappointed that the drop in the non-concessional cap has been traded off for other simplification measures that were...

IPA launches SME Research Centre with Deakin University

IPA chief executive Andrew Conway said the SME Research Centre will be located in Deakin Business School and will “drive the development of small business globally”.“The IPA-Deakin University SME Research Centre has appointed a senior academic team to the research...

TPB targeting unregistered BAS agents

Tax Practitioners Board acting chair Greg Lewis said thousands of transitional BAS agents have now successfully completed the qualification requirements for registration. “By November 2016 the registered BAS agent population will have met all the education...

ATO cracking down on ‘dodgy deductions’

During the 2014-15 financial year, Mr Whyte said, the ATO conducted around 450,000 reviews and audits of individual taxpayers, which led to revenue adjustments of over $1.1 billion in income tax. “Every tax return is scrutinised using increasingly sophisticated tools...