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Showing 421 - 430 of 1014 results for "Taxation"

SMSF auditor busted self-auditing

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2017
... disqualified for auditing his own fund. ASIC investigated Neil Wilson following information supplied by the Australian Taxation Office and determined that he had breached fundamental independence and audit requirements. Wilson was found to have breached ...

Default funds must appear on online super choice forms: AIST

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
The Australian Institute of Superannuation Trustees is reservedly welcoming a move by the Australian Taxation Office to place superannuation choice forms online. According to AIST chief executive Eva Scheerlinck, the ATO project, which will allow employers ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... surcharge (if taxable profits exceed £25 million). Together with the Australian bank levy, there is the risk of double taxation, it said. NAB estimates the levy will cost about $350 million annually, or $245 million post-tax. It hasn't determined how ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O'Dwyer said the amendments under the Treasury ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
... economic forecasts especially as it's counting on growth to lead to a wages boom that it hopes will drive up personal taxation receipts and help the nation reduce its annual deficit and in time enable the country to start paying down on its ballooning ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... said. Resources from Protecting Seniors Wealth can also be tailored for CPD Accreditation. Separately, the Australian Taxation Office (ATO) is reminding Australians to stop and think before giving their personal details or hard-earned money to scammers ...

Advisers doubtful over super home deposit scheme

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... Budget, which aims to help first home buyers save up for a deposit via their super fund while taking advantage of a lower taxation regime. From 1 July 2017, voluntary contributions to superannuation of up to $15,000 per year (capped at $30,000) will ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... company's creditors. In 2012, it was estimated that the practice was costing employees, small businesses and the Australian Taxation Office (ATO) up to $3.2 billion annually. The new reforms bring Labor in line with continued calls from the Productivity ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
One of the Australian Taxation Office's most senior and long-serving officials is expected to be charged in relation to an Australian Federal Police investigation into an alleged $165 million tax evasion syndicate. Deputy tax commissioner Michael Cranston ...

Advice network buys into accounting industry

ALEX BURKE  |  MONDAY, 15 MAY 2017
... Next Generation Advisory recently acquired Peters and Partners, a firm established in 2014 that provides business and taxation services, self-managed super fund (SMSF) accounting and administration and corporate advisory. AZ NGA chief executive Paul ...