CPD

Extension of BAS agents’ remit proposed

A draft legislative instrument proposes to expand the scope of services that can be legally provided by BAS agents. This is on top of a recent changes that allowed BAS agents to help clients with super guarantee amnesty transactions and to provide certain services in relation to the government’s COVID-19 stimulus measures. Extra services is

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5 minute tax updates: 15-19 June

Payment times bill passes, goes to upper houseCash flow boost and PSI clarificationCOVID-19 “protective clothing” included in deductible claimsDraft instrument changes STP needs for closely held payeesATO to review some taxpayers’ eligibility for cash flow boostDirector identification number a step closerEnsuring JobKeeper employers are not subject to additional SG obligations Penalty unit to increase from

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Upcoming ATO open forums for practitioners: February to June 2020

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 February and June 2020. Open forums are an opportunity for tax practitioners to have an open two-way dialogue with

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If you think education is expensive, try ignorance

  The above headline (“If you think education is expensive, try ignorance”) is actually an old saying about the benefits of education and training. It seems that a few people want to lay claim to the original quote, but whoever said it certainly had a clear picture of the attitude sometimes taken to further education

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Upcoming ATO open forums for practitioners: March to June 2019

  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 March and June 2019. Open forums are an opportunity for tax practitioners to have an open two-way dialogue

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FASEA releases final examination standard

  The Financial Adviser Standards and Ethics Authority (FASEA) has released the legislative instrument and explanatory statement for its examination standard. The legislative instrument was informed through consultation received in 26 submissions during the legislative instrument final consultation process for this standard in December 2018 and January 2019. Under the final standard, FASEA has reduced

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Practitioners with their own tax debt given weeks to fix it

  Practitioners with outstanding tax obligations have a small window to smooth the way forward. The Tax Practitioners Board (TPB) has initiated a compliance project targeting tax practitioners — basically calling on its own members to settle all outstanding debt and lodgment obligations. The focus of the TPB strategy is on registered tax and BAS

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TPB’s check-up on practitioner CPD activity: Early results are in

  The Tax Practitioners Board has announced that work has begun on reviewing selected tax practitioners’ continuing professional education (CPE) records. The TPB admits that so far its review is still in the early stages, but it says it can share some of the results so far. The TPB review has revealed: only 71% of

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New breakfast tax discussion group in Melbourne CBD

  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

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Upcoming ATO open forums for practitioners

  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

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