Accountants Daily - News and analysis for accounting professionals
WEBATO offers guidance to NFPs on assessing charitable purposes. Taxpayer ordered to pay $24.4m to ATO over unpaid tax debts. ATO SMSF auditor referrals see slight uptick for FY23–24. Little progress on superannuation and other measures. Merchant decision ‘does not displace longstanding principles’,... ‘You will be caught’ over NDIS ...
COVID-19 payments to individuals, businesses to be tax-free …
WEBAug 3, 2021 · Tax-free business support payments. The new legislation will also ensure that COVID-19 business support payments will be treated as non-assessable non-exempt income. Business support payments will also only be tax-free if they are made under a program declared eligible by Treasurer Josh Frydenberg …
ACE24 Accounting Conference Expo - Home - Accountants Daily
WEBThe ACE24 Accounting Conference and Exhibition brought accounting professionals and specialist experts from across the industry together for a comprehensive one-day conference. The accounting sector is in a significant period of transition as it adapts to a raft of regulatory changes, shifting client demands and technological advancements.
Main residence exemption myths and misconceptions
WEBWhen it comes to taxation, the family home is sacred. It is often the largest asset a taxpayer will own, and we all know that the family home is exempt from capital gains tax (CGT).This perception has caused many governments to remain gun shy about making changes that would lessen the generous concession available to homeowners; the main residence exemption (MRE).
ATO provides further guidance on SuperStream issues
WEBThe ATO has released further guidance on SuperStream rollovers along with updated tips on how to minimise delays when rolling super to or from an SMSF. By Tony Zhang • 23 December 2021 • 12 minute read. The ATO has recently updated guidance for SMSF trustees and members who wish to transfer their super to or from another fund, as well as ...
ATO signals good-faith approach to tax agent deferrals
WEBATO deputy commissioner Hoa Wood said tax agents should be aware of the deferral options available to them, including agent and ATO-assessed deferrals. “The type of deferral you can access will depend on how much extra time you require, and the kind of obligation you are lodging,” Ms Wood said. “You can submit a deferral request by ...
Single Touch Payroll — closely held payees | Accountants Daily
WEBJun 28, 2021 · An exemption that relieved small employers (those with 19 or fewer employees) from having to report payments made to closely held payees through Single Touch Payroll () expires on 30 June 2021. This means that, from 1 July 2021, small employers will need to start reporting their closely held payees through STP.
Insight - Accountants Daily
WEBEVENTS AND SUMMITS. Accountants Daily 30 Under 30 Awards. Adviser Innovation Summit. Australian Accounting Awards. Australian Aviation Awards. Australian Broking Awards. Australian Defence Industry Awards. Australian Law …
Business - Accountants Daily
WEBSep 10, 2024 · RBA keeps rates on hold at 4.35% amid persistent inflation. 06 August 2024 • By Christine Chen. The Reserve Bank of Australia has kept rates steady for a sixth consecutive meeting. Business.
Australian Accounting Awards - 2019 Winners and finalists ...
WEBEmma Locke, Atticus Business Accountants. Jade Rein, Fishburn Gardner Accounting & Advisory Services. Kelly-Jade Walker, Sedley Koschel. Peter Rowe, Power Tynan. Riady Haryono, Pride Advice & Accounting. Sophie Fairlie, Marsh Tincknell Chartered Accountants. Zachary Hayes, HA Accounting.