Capitaleyes Latest Accounting News

New guidance has been released on best practice principles for debt notifications in response to the re-activation of old debts by the ATO.
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Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride sourcing and short-term accommodation are now required to be reported under the sharing economy reporting regime (SERR).
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The task of worker classification has been a long-running point of contention but the Commissioner’s response to recent court cases suggests a written contract is king.
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The ATO has flagged a return to more aggressive debt collection actions after seeing a trend of profitable businesses that have the capacity to pay their tax debts but are actively choosing not to do so.
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Every business owner wants to grow their business and their profits. 
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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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