The first update of its kind for seven years, IFRS 18 is expected to have the greatest effect on the structure of financial statements since the standards began.
#pittmartingroup #IFRS18 #standard #transparency #comparability #taxagent #enjoywhatwedo
accountingtimes.com.au/tax/ifrs-18-th…
The Australian Taxation Office (ATO) is tightening its grip on professional services firms suspected of diverting profits to evade taxes.
#pittmartingroup #PartIVA #professionalservicefirms #Section100A #taxavoidance #taxagent #enjoywhatwedo
pittmartingroup.com.au/ato-cracks-dow…
The ATO has confirmed how the redefinition of an individual’s total super balance (TSB) for the purposes of the proposed new Division 296 tax will be applied.
#pittmartingroup #superannuation #individual #Division296 #taxagent #enjoywhatwedo
smsmagazine.com.au/news/2024/04/1…
The ATO has reminded tax professionals about the critical requirements for correctly managing Division 7A loans for their clients.
#pittmartingroup #Division7A #taxconsequences #taxpayer #loans #taxreturn #taxagent #enjoywhatwedo
accountingtimes.com.au/tax/accountant…
Amendments before Parliament will see a more significant increase to the instant asset write off threshold but for a limited timeframe only, says a tax expert.
#pittmartingroup #asset #equipment #smallbusiness #taxation #taxagent #enjoywhatwedo
accountingtimes.com.au/profession/tax…
2024 is nearly halfway done, so it's time to prep for tax season—only three months left to get everything sorted.
#pittmartingroup #taxreturn #financialyear #taxpayer #deductions #deadline #smallbusiness #individual #taxagent #enjoywhatwedo
7news.com.au/lifestyle/thin…
Australia’s company tax rate is unlikely to change in the upcoming federal budget, says Treasurer Jim Chalmers, suggesting a combination of targeted tax breaks and incentives will anchor the economic blueprint.
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smartcompany.com.au/federal-budget…
There are calls for a new tax on soft drinks following revelations the amount of sugar in Fanta has increased by 60 per cent since 2020.
#pittmartingroup #softdrinks #sugar #fanta #cocacola #newtax #taxagent #enjoywhatwedo
9news.com.au/national/fanta…
Pitt Martin Group Maybe they should have hired Deloitte? Then they would have cut salary to ‘Protect Jobs’ then sacked them and the partners keep the money! Otherwise known as ‘wage theft’ Deloitte Australia Barbara Pocock Deborah O'Neill Tony Burke
The government says the program is one of many initiatives that make it easier for businesses to do taxes in a bid to tackle the $50 billion collectable debt book.
#pittmartingroup #smallbusiness #GST #PAYG #taxation #taxagent #enjoywhatwedo
accountingtimes.com.au/tax/small-busi…
The Australian government plans to increase rental housing availability nationwide by proposing tax incentives in draft legislation, encouraging investment and construction in the build-to-rent sector.
#pittmartingroup #taxagent #enjoywhatwedo
mpamag.com/au/news/genera…