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Practitioner guidance for puzzling technical issues is available from ATO

The ATO has a section that deals with “complex issues” that tax practitioners will have to struggle with now and then when managing their clients’ tax affairs. The ATO says its Complex issues resolution service is there to help resolve complex administrative issues and tax technical interpretation queries that practitioners may have been unable to

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What is ‘Sounding Board’, and how can it help your practice?

In the interests of regulatory reform and simpler tax laws, the Australian government has requested the Board of Taxation to seek ideas for tax system improvement from its stakeholders, businesses and the community. What is ‘Sounding Board’, and how can it help your practice? The resulting initiative Sounding Board is an innovative online collaboration platform

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Warning: Tax (financial) advisers need to re-register before the rush

The Tax Practitioners Board (TPB) is urging tax (financial) advisers who need to renew their registration by 1 January 2018 to get in early, as almost 13,000 other practitioners will be due to renew at the same time. TPB chair Ian Taylor encourages tax (financial) advisers to renew early to avoid application processing delays. “Tax

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Single Touch Payroll: ATO’s live stream with employers

The ATO has invited several employers to an upcoming “employer engagement” forum next week (on Thursday 16 November) where they will be able to clear up any questions or concerns they still have about Single Touch Payroll (STP). Attending the forum will also be ATO and payroll industry experts, who can answer any questions and

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Changes to the depreciation of intangible assets

Business taxpayers will know that asset depreciation is an important aspect to their business’s tax health and longevity. Changes to depreciation of intangible assets  However the importance, and revenue generation role, of knowledge-based or intangible assets has become much more common in the modern business landscape. Innovative companies know that changes in the economy, including

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