Capitaleyes Latest Accounting News

The Tax Office lacks power under current laws to do anything about the wildly unpopular scheme despite plans to review its approach, according to a UNSW professor.
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Existing issues within the SG system must be rectified before the government proceeds with the new changes, the IPA says.
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Beginning the year with a clean financial slate can be pivotal to your business’ health.
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New taxpayer alerts on incorrect R&D claims that are attracting our attention.
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The uncapped version of the instant asset write-off scheme was extremely popular among SMEs with the average spend over $90,000, according to ScotPac.    
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GrantConnect provides centralised publication of forecast and current Australian Government grant opportunities and grants awarded.
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An individual power of attorney gives an attorney legal authority to manage a person’s assets and financial affairs.
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Common conditions of release include the fund member having reached preservation age and retired, or commenced a transition-to-retirement income stream; ceasing an employment arrangement on or after the age of 60; being 65 years old even though they haven’t retired; or having died.
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Changes to interest deductibility, taxes, thresholds and even passport fees made up the fineprint of the mid-year economic update.
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As a business owner, managing your debtors and improving your cash flow are crucial to the success of your business.
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Parliament, the FWO, unions, employees and employers alike grappled with the ever-complex Fair Work Act in 2023. 
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Spending by associated entities or activities conducted overseas will be subject to increased scrutiny, the Tax Office says.
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