News
ATO Detects Over $53 Million Worth Of Tax Time Errors
The Australian public has lodged nearly six million tax returns already this year, with over $11.9 billion in refunds processed, which is $270 million more compared with the same time period last year.
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Every Three Year SMSF Audits – A Ludicrous About Face
SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.
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Changes To CGT Exemption For Inherited Property
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
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What Is The Best Software For Accountants?
I want to give you my honest and fair opinion of what’s out there on the market. Firstly, let’s examine the most popular ones.
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Oligopolies and Monoliths Thrive Again
The first rule to bring up to international level is easy. Tax the multinational bastards! The second? Bring competition policy up to the international level.
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Offset VS Redraw For Property Investors
It's a tricky decision for many, so our property expert has given some advice on what will be best for you.
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The History of Accounting Software for Small Businesses
Grab yourself a cup of tea or a coffee, folks. The history of accounting software is below.
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Tax Obligations For Car Sharing
The ATO has flagged these car sharing service platforms and believes that, by using their sophisticated data matching systems, they can identify where sharing platforms are being used to generate income.
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