Accountants Daily - News and analysis for accounting professionals
WEBNewsletter. Receive breaking news directly to your inbox each day. Accountants Daily delivers daily breaking news, analysis and insight to Australian accounting professionals.
Podcasts - Accountants Daily
WEBSep 13, 2024 · Attaining rapid firm growth through stronger client relationships. Founder of award-winning firm Latitude Accountants, John Saade, chats to Accountants Daily about his 20-year career in... 23 August 2024 • By Latitude Accountants. LISTEN.
ATO releases revised WFH expense claims guidance
WEBNov 2, 2022 · Revisions to the work-from-home rules reduce the shortcut or fixed-rate allowance from 80c an hour to 67c but allow additional claims for equipment and other expenses, the long-awaited ATO guidance reveals. Effective from 1 July 2022 – when the previous pandemic inspired provisions ended – PCG 2022/D4 sets out the ATO’s post-COVID regime ...
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 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 ...
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 ...
Insight - Accountants Daily
WEB4 days ago · Following a recent high-profile SMSF trustee disqualification decision involving Billabong Surf Clothing co-founder... Insights - Read the latest insights and opinion from leaders in the Australian accounting profession.
Business - Accountants Daily
WEB4 days ago · ATO urges workers to claim $17.8bn in lost super. Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021. 18 September 2024 • By Christine Chen. Business.
ATO changes interpretation around commercial debt forgiveness …
WEBThe ATO has taken a “complete backflip” with commercial debt forgiveness rules, with its draft tax determination ruling that a creditor must be a natural person to forgive a debt for reasons of natural love and affection. Last week, the Commissioner of Taxation released Draft Taxation Determination 2019/D9, close to eight months after it ...
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 (STP) 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.