New TFN service launched

Topdocs director Michael Spakman said every time a new SMSF, company or trust is required to register with the ATO, someone has to manually enter this information online, which can be a time-consuming process, taking up to 30 minutes depending on the person....

BDO hits out at beige Qld budget

BDO tax partner Leisa Rafter said one of the most significant missed opportunities from this budget was the lack of commitment to repeal transfer duty on business assets. “With the announcement of the $40 million Industry Attraction Fund to bring new business to...

HLB Mann Judd offers last-minute tax tips

HLB Mann Judd Sydney tax partner Peter Bembrick said one of the areas practitioners need to review with clients is their deductible and non-deductible debt. “It’s a good idea to pay down non-deductible debt, such as a mortgage, wherever possible, as no tax...

Post 1 July compliance warning issued

With the number of accountants applying for limited licences substantially lower than initial predictions, and a reported lag in the take-up of the authorised representative option, it seems a significant chunk of the accounting community will choose not to enter the...

SMEs see bleak outlook

MYOB’s Business Monitor survey of more than 1,000 SME owners has found that 42 per cent of those surveyed believe the economy will decline over the next 12 months, and only 24 per cent are optimistic about the country’s economic future, despite the upcoming federal...