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LATEST NEWS ARTICLES
Small business tax relief: Please sir can I have some more? Canberra, 12 December 2008: The Government’s tax relief for small business announced today is more of a welcome reminder that the they have not been forgotten than cash flow relief - leaving many asking “please sir, can I have some more?” more »
Trust cloning exemption abolished Canberra, 31 October 2008: The Assistant Treasurer, the Hon Chris Bowen MP, today announced the end of the CGT exemption for trust cloning.  more »
RBA drops interest rates by 1% Sydney: 7 October 2008 The Reserve Bank of Australia today announced a 1 percent drop in official cash rates.  more »
Cash flow boost for property developers struggling to sell residential properties Canberra, 19 August 2008: Property developers will benefit from the release of ATO ID 2008/114 today that clarifies how GST adjustment events need to be managed when a developer rents out new residential premises that are difficult to sell.  more »
AAT decision puts tax agents with service entities at risk A recent AAT decision in JSP Partners Pty Ltd (20 February 2008) may send a shiver through principals and partners in accounting firms where they use a service entity to employ their professional staff. more »
Double SG payment burden to be removed Thursday, 20 March 2008. The Government today announced that the double super guarantee payment burden incurred by employers who make late payments into their employee’s superannuation fund will be removed.  more »
Minimum Competency Requirements mandated for SMSF Auditors  CPA Australia, the Institute of Chartered Accountants and the National Institute of Accountants have issued a joint statement establishing minimum competency requirements for auditors of self managed superannuation funds.  more »
12 months to bring Div 7A legacy issues up to date The ATO issued Practice Statement PS LA 2007/20 that provides guidance on the circumstances where the Commissioner would exercise a discretion to disregard a deemed dividend that may have occurred under the provisions of Division 7A. more »
20 July deadline for new workplace requirements  From 20 July, all new employees must be provided with a copy of the Workplace Relations Fact Sheet within 7 days of commencing employment. Employers have 3 months (until 20 October 2007) to provide all existing employees with a copy of the fact sheet.  more »
Hayes Knight launches financial planning for accountants Leading accounting firm Hayes Knight and Magnitude Financial Planning (part of the BT Financial Group) today launched a joint venture for a new financial planning group targeting accounting firms. more »
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