The government recently released exposure draft legislation that removes the ability of taxpayers to deduct certain payments – including payment of wages and payments to contractors – if the entity making the payment fails to comply with its obligations to withhold and report information to the ATO. If the PAYG withholding regime applied to[ Read More ]
Royal Commission, market volatility: Is now really the time to move away from annual independent audits?
SMSF trustees still seem to be digesting the yet-to-be enacted proposal to move SMSFs to a three-year audit cycle. Tax & Super Australia (TSA) is highly concerned about the impact of this proposal on the integrity of the superannuation system in Australia. During a period of volatility where the financial services sector is facing[ Read More ]
Tax & Super Australia (TSA) is excited to offer members the opportunity to attend breakfast Tax Discussion Group sessions in Melbourne’s CBD. Commencing in early October, these interactive informative breakfast sessions will commence at 7.30am and wind-up at 9.00am. Tea, coffee, fruit and pastries will be provided. Our discussion groups are a great way[ Read More ]
Earlier this year, NAB Professional Services published the first in a series of studies, labelled “Key Insights”, each of which is to focus on a different section of the professional services sector. Its inaugural report was on the Australian accounting industry, with the study providing an overview and analysis of the accounting industry as[ Read More ]
As part of its ongoing engagement with tax practitioners, the ATO has announced some upcoming ATO open forums for practitioners. It will again be holding these open forums in a range of locations across Australia between September and December 2018. Open forums are an opportunity for tax practitioners to have an open two-way dialogue[ Read More ]