Posts tagged "accountant"

A Ballarat accounting firm, one of its directors, and an associated business have been ordered to pay $26 million in damages to former accounting clients after pursuing a business opportunity under consideration by those same clients.

The ATO has unexpectedly revitalised thousands of dormant tax debts, some of which are for as little as 31 cents.

The ATO is urging accountants and consultants to review their clients' R&D Tax Incentive claims, after identifying potentially costly errors in claims made under the multi-billion dollar scheme.

Part of the ‘value’ of being part of a member body is to get representation and support: so how are CA ANZ member monies being spent? Here's the teardown.

The federal government has pledged its largest-ever "crackdown" on tax adviser misconduct after the PwC scandal, in a warning shot to industry professionals who fear small business accountants already face significant compliance burdens.

The end of the financial year can be a challenging period for tradespeople who are already busy managing multiple projects and clients. 

Technical difficulties have plagued the Australian Taxation Office's online services for nearly a week, disrupting tax agents trying to complete returns before a major reporting deadline and raising concerns of further setbacks as a new cut-off date approaches.

The ATO is trialling a new digital process linking clients to tax agents, but some accounting groups are concerned the six-step process could place a significant administrative burden on small businesses.

The ATO is ramping up its issuance of director penalty notices — which can hold current and former company directors personally liable.

Major spending on skills and hefty asset write-offs and loss carry-back schemes are key wins for SME owners in the 2021 federal budget.

Here are Jo Doye, director at Alluvia Financial's top three EOFY planning focus points for sole traders as tax season approaches.

So much has changed for small businesses so quickly due to the COVID-19 pandemic. While many small businesses have successfully enrolled in …