07
Aug 2019
6 questions to ask this tax time
With the new financial year upon us, you might be thinking about getting ready to lodge your tax preparation, either on your own or through the help of registered tax accountants or tax consulting firms that can provide professional tax services. Ask yourself (or your tax agent) about tax extension to make sure you get your tax right and use this tax time to set yourself up for a great
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required
05
Aug 2019
Trust Account Audit
Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited. This article explains who is affected, who can perform an audit, and other matters to help what they need to do to meet compliance obligations. Audit inspections are so crucial that most supplier-chain companies hire quality control inspections company to prepare them for all the audit processes. Who is required
The Parliamentary Joint Committee on Corporations and Financial Services has released its report into the franchising sector, and the Government has promptly acted on one of the recommendations by forming an inter-agency “franchising taskforce.” The taskforce is made up of senior officers from the Department of the Treasury, the Department of Jobs and Small Business, and the Department of the Prime Minister and Cabinet. The role and duties of the taskforce
Loyalty points can be applied to Services, Products, Gift Vouchers, and Packages. Each time a client purchases one of these items, which have points attached to it, the points are added to the client’s loyalty points total. All you need to do is choose which items you’d like to put points on, decide on which services are redeemable and set the number of points a client needs to redeem the services. Alternatively, you can opt to have
Loyalty points can be applied to Services, Products, Gift Vouchers, and Packages. Each time a client purchases one of these items, which have points attached to it, the points are added to the client’s loyalty points total. All you need to do is choose which items you’d like to put points on, decide on which services are redeemable and set the number of points a client needs to redeem the services. Alternatively, you can opt to have
In a speech given earlier this year, the ATO’s Assistant Commissioner for Superannuation, Dana Fleming, focused on the risk areas that the ATO had identified as being of most concern — and as being most in need of action. Each year the ATO analyses its data to identify the key risk areas that then form part of its compliance program. These key risk areas in the SMSF space include: illegal
26
Jul 2019
5 ways the ATO is tackling the black economy
Have you heard of the black economy but don’t really know what it is or how it impacts you and your business? Well, you’re not alone! What is the black economy? The black economy includes dishonest and criminal activities that happen outside the tax system, and those who try to misuse or abuse it. It encompasses many elements, from the under-reporting of income and non-payment of superannuation through to serious