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Need help with Division 7A? Watch the ATO’s instructional (CPD) videos

The following videos, which deal with Division 7A matters, have been developed by the ATO in response to feedback from tax professionals received during webinars that it hosted over 2016. Need help with Division 7A? Division 7A may apply when payments or loans are provided by a private company to a shareholder or their associate.

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Single Touch Payroll focus group sessions

The ATO has invited tax professionals with small business clients (those with 19 or less employees) to take part in focus group sessions about Single Touch Payroll. Single Touch Payroll focus group sessions “We are looking for tax agents, BAS agents and bookkeepers and their small business clients to participate in the sessions,” the ATO

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Electronic signatures — legal challenges have begun

Using electronic signatures may seem efficient, and convenient, but lawyers warn that their use must be balanced against the need to protect and treat electronic signatures as if they were a real signature. The principal of Townsends Business & Corporate Lawyers, Peter Townsend, says the potential for fraudulent misuse is greater than the simple forging

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FBT year about to close, compliance blowtorch about to fire up

Practitioners should note that fringe benefits tax is firmly on the ATO’s radar screen this year. Over the past 18 months the ATO, through its FBT Taskforce, has launched several audits and reviews of employers in the SME sector. FBT year about to close, compliance blowtorch about to fire up Its compliance focus in particular

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