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Funding of up to $7,000 for finance sector women available

  Women & Leadership Australia is a national initiative committed to supporting the presence of women in business and community leadership roles. Building on the success of the organisation’s “100 Days for Change” campaign last year, Women & Leadership Australia is this year administering an initiative to support the development of female leaders across Australia’s

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Tread carefully when splitting income

  Now and then the ATO issues warnings on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners with proprietorship in the firm. Firms potentially affected include those providing services in the accounting, architectural, engineering, financial services, legal and medical professions. Professional firms can be structured in

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Tax & Super members respond with black economy solutions

  In the 2018-19 federal budget, the government announced a review of existing criminal offences and civil and administrative penalties for black economy activity. As part of this process, Treasury issued a consultation paper late last year, which was titled Improving black economy enforcement and offences (download it here). Tax & Super Australia provided a submission

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ATO developing new online services for agents

  Practitioners’ views of the ATO’s existing tax agent and BAS agent portals will be many and varied, but it is not too long a stretch to say that the outcomes for tax professionals from both of these portals has been found wanting on more than one occasion. The ATO itself admits that the incumbent

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ATO due dates February 2019

  21 February Lodge and pay December 2018 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically. Lodge and pay January 2019 monthly business activity statement. 28 February Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals). Payment (if

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