Accountants Daily - News and analysis for accounting professionals
WEBThis is about the idiotic and random thought process the... Accountants Daily delivers daily breaking news, analysis and insight to Australian accounting professionals.
News - Accountants Daily
WEB4 days ago · News and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession
Accountant jailed over $390k tax fraud | Accountants Daily
WEBBy Tony Zhang • 13 April 2022 • 11 minute read. Former Melbourne accountant Immanuel Shmuel has been sentenced to three years’ jail for tax fraud by the County Court. He was convicted of attempting to obtain a financial advantage of more than $390,000 by amending his business activity statements to reduce his existing debt and receive a ...
How to navigate the ATO’s lodgment and payment options
WEBDuring the 12-month interest-free period, the taxpayer must comply with all lodgment and payment plan obligations. Agents can apply for payment-only deferrals and payment plans through OSfA. Payment plans for obligations exceeding $100,000 and interest-free payment plans can be made through the ATO call centre.
Tax | Accountants Daily
WEB4 days ago · The latest news and announcements regarding Australian tax and compliance in the accounting landscape.
Super - Accountants Daily
WEB10. /. News and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession.
ATO ruling flags common audit traps for self-education claims
WEBThe ATO’s recent tax ruling on the deductibility of self-education expenses is a significant piece of guidance given that self-education deductions have traditionally attracted ATO scrutiny, according to the National Tax and Accountants Association. TR 2024/3, released last month, sets out the ATO’s views on when deductions can be claimed ...
New tax ruling on ‘carrying on a business’ released
WEBApr 10, 2019 · The ATO has released TR 2019/1, replacing the previous draft TR 2017/D7, setting out the Commissioner’s view on when a company carries on a business for accessing the lower corporate tax rate of 27.5 per cent in the 2015-16 and 2016-17 income years, and for determining the franking percentage to be applied to …
Conflicts of interest, workloads put accountants in ethics spotlight
WEBConflicts of interest, aggressive tax practices, and pressure to “cook the books” are among the most common issues confronting accountants, said two specialists in ethical aspects of the profession. They said common missteps included failure to identify an ethical issue or realise that a particular action might lead to a breach of the ...
Why firms need to establish a corporate governance and …
WEBJul 20, 2020 · The lockdown and social distancing measures accelerated the need for firms to adopt a remote working structure to continue operations. For many businesses, enabling employees to work from home is vital to ensure their …