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ABN shake-up meets backlash from accounting, tax profession

ABN shake-up meets backlash from accounting, tax profession

Voices in the accounting profession are pushing back on the government’s proposal to introduce an ABN registration and renewal fee, insisting on utilising tax returns and accountants to facilitate compliance.

by Shared by AccountantsDaily | Sep 5, 2018

ABN shake-up meets backlash from accounting, tax profession

In July, Treasury released a consultation paper as part of the government’s plan to reform the ABN system, which included suggestions including periodic renewals and fees associated with it, in a bid to prompt ABN holders to have “closer engagement with the ABN system”.

Read the full article at Accountants Daily.