Category: Business
No Escaping ATO Debts
ATO tax debts, like all debts, are legally enforceable obligations. The ATO collects these debts on behalf of the Australian Federal Government. If taxpayers ...
Self-Funded Retirees to be Taxed to Death
The age pension provides basic income support for Australians who are above retirement age (currently 65) but are unable to fully support themselves by ...
ATO Help for Drought-Affected Businesses
The ATO has a variety of measures in place to help drought-affected taxpayers in financial hardship to manage their tax. The ATO assistance includes: ...
Is your Financial Planner Ethical?
This is a very important question that every financial planning client would definitely like to know the answer to. But in practice, how would ...
Notifiable Data Breaches Scheme
Effective from 22nd February 2018, the Privacy Amendment (Notifiable Data Breaches) Act 2017, establishes the Notifiable Data Breaches (NDB) scheme in Australia. The NDB ...
Disclosure of Tax Debts to Credit Reporting Bureaus
The Federal Government is legislating to allow the Australian Taxation Office (ATO) to disclose information on businesses tax debts to registered credit reporting bureaus ...
How Low Can Compliance Fees Go?
Compliance services are now completely commoditised. The commoditising of compliance services was inevitable really, and the only surprising thing is how long it’s taken. ...
Two Heads are Better Than One
The Australian accounting services industry is growing 1.5% pa and currently generates $20bn revenue (IBIS World Industry Report M6932). The industry is comprised of ...
SMART Criteria
Specific, Measurable, Assignable, Realistic, Time Related SMART is a management acronym giving criteria to guide in the setting of objectives in project management, employee-performance ...
Australia’s Company Tax Rate Must Fall to 20 Percent
In December 2017, the US legislated through large tax cuts which reduced their company tax rate from 35% to 21%. With the UK company ...