Your practice

Relevant and practical knowledge and tools to build your business

Starting the year on a positive note — mostly

As we’re getting more used to writing “2017”, and have most likely already headed back to work, new data released by Xero in early January reveals that nearly half of Australian small businesses are saying they are “very” or “extremely” confident of growth in calendar 2017, with most having a mixed but overall positive outlook for

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Test your knowledge: Financial reporting quiz for directors

A survey of directors, auditors and other financial professionals conducted by the Financial Reporting Council revealed that, on average, directors believe their knowledge of the more technical accounting issues was “fair”. Test your knowledge: Financial reporting quiz for directors While the survey acknowledged a large diversity between directors of ASX top 200 companies versus other

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The place for alternative investments in SMSF portfolios

The concept of alternative investments encompasses a mix of assets and strategies that sit on the peripheral of traditional asset classes such as shares, property and cash. An attraction associated with alternative investments is their ability to deliver portfolio diversification — and hence potential risk abatement. The place for alternative investments in SMSF portfolios While

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Access to your clients’ myGov communications

The ATO is encouraging tax practitioners to consider incorporating as part of their routine a daily check of their clients’ myGov communications. Access to your clients’ myGov communications. The ATO says practitioners can access communications that it has sent via the ATO’s client communication list (CCL) in the tax agent and BAS agent portals. “You

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Substantiation exception for travel allowance claims: What needs to change

One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance on the “reasonable amounts” prescribed by the Commissioner. Substantiation exception for travel allowance claims: What needs to change Last month we put out a “call to arms”

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