Capitaleyes Latest Accounting News

Here's how long you'd live consuming only this liquid, and nothing else.
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Tough conversations and engaging clients proactively will be key to minimising fallout, say insolvency specialists.
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Electric vehicles become exempt from the levy for the first time and Mazars expects an influx of salary packaging requests.
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From 30 March 2022 to 28 September 2022, businesses that acquired fuel for use in heavy vehicles for travelling on public roads couldn’t claim fuel tax credits.
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Tax and small business
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Computer hacking has been around for as long as there have been computers. Once it used to be computer geeks showing the world how smart they were. Now it's become very serious with almost any person, company or Government at risk from these criminal activities.
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Revised rules require fresh advice but clients often blame their tax professional, says Tim Munro.  
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ATO brings in changes for calculating working from home deductions.
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The labour shortage and increased workplace flexibility has seen potential retirees remain in the workforce for longer, says KPMG.
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As a part of the Federal Government’s strategy to combat the tax compliance risks posed by the sharing economy, it has passed into law new requirements for operators of electronic distribution platforms to provide information to the Australian Taxation Office on transactions made through their platforms.
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The proposed tax on earnings calculation for balances exceeding $3 million will see some members paying tax on unrealised earnings, says the SMSF Association.
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You may need to report money and assets taken from your company or trust as income in your tax return.
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