Capitaleyes Latest Accounting News

In the 2019–20 Budget, the government announced that Single Touch Payroll (STP) would be expanded to include additional information.
Read More

The government has revived two initiatives that give small businesses 120 per cent tax deductions for spending on training and digital uptake which were first announced in the March budget.
Read More

Cyber crime and data breaches are rated higher as threats by executives in the Asia Pacific than by their global counterparts, with more than half saying security risks had risen over the past 12 months.
Read More

A reminder regarding rules for allowing eligible people to claim tax deductions for the unused portion of their super concessional contributions caps from prior years.
Read More

Many small businesses employ workers on a verbal agreement. But what happens if a dispute arises over the terms and conditions of someone’s employment – and there is nothing in writing?
Read More

Commissions, investment earnings, gratuities and more must be included to be assessed, the office warns.
Read More

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage continued national hardships.
Read More

The step should help promote transparency and fairness, says IPA. The ATO has begun disclosing tax debts of sole traders to credit reporting bureaus (CRBs) if they meet its criteria for referral.
Read More

Tax benefits attract miscreants, but non-arm’s length rules should allow minor transgressions to be fixed, says CA ANZ.
Read More

With interest-only loans no longer an option the commercial incentive for sub-trusts ends, says the Tax Institute.
Read More

ATO update on trust distributions outlines key features of low and high-risk arrangements.
Read More

A written business plan is essential to help you start and grow your business
Read More