Capitaleyes Latest Accounting News

ATO targets dodgy deductions for holiday homes

Thousands of dollars in claims “that would fail the pub test” contribute to $1.6bn tax shortfall, assistant commissioner says.
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How crypto assets can trigger CGT tripwires

Lending digital currency can be viewed as disposal while losses from the recent downturn may offer little relief from previous capital gains.
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Buyback law closes loophole ‘but franking credits here to stay’

Assistant Treasurer guarantees dividend imputation scheme but says off-market share buybacks exploit a loophole that must be closed.
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Cash flow forecasting template

A cash flow forecast is a vital business tool you can use to work out whether you have enough cash to run or expand your business
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Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip

Just seven companies paid 40 per cent of the $69 billion income tax reaped from 2,500 large corporations.
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The Most Valuable Brands in the World 2000 – 2022

Check out who are the biggest brands in the world.
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FBT – Christmas Parties and Taxi Fare/Rideshare

  Some employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, also pay for taxis/rideshare to and from the place of entertainment.  
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How Have Australians Reacted to Interest Rate Hikes?

Interest rates have been on the rise in Australia, and this has caused a lot of concern among consumers. Many people are worried that they will not be able to afford their monthly mortgage payments, and some are even considering selling their homes.
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Difference Between Leasing vs Hire Purchase

If you're looking to purchase a car, you may be wondering what the differences are between leasing and a hire purchase. Both can offer different financial benefits and drawbacks depending on your needs. 
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Christmas ‘crunch time for economy, inflation outlook’

Christmas will be crunch time for the economy because an end-of-year bonanza would add fuel to the inflation fire, says HLB Mann Judd.
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Small business debt and tax gap at top of ATO hit list

Small business has shot to the top of the ATO’s hit list because it emerged from COVID-19 responsible for the biggest tax gap and almost two-thirds of the $37 billion tax debt, a commissioner says.
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Sole traders cut back super, work longer hours

Rising costs and extra paperwork has hit work-life balance for independent earners, specialist accountancy says.
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