Capitaleyes Latest Accounting News

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.
Read More

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.
Read More

Every business owner wants to grow their business and their profits. 
Read More

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.
Read More

Existing issues within the SG system must be rectified before the government proceeds with the new changes, the IPA says.
Read More

Beginning the year with a clean financial slate can be pivotal to your business’ health.
Read More

New taxpayer alerts on incorrect R&D claims that are attracting our attention.
Read More

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.    
Read More

GrantConnect provides centralised publication of forecast and current Australian Government grant opportunities and grants awarded.
Read More

An individual power of attorney gives an attorney legal authority to manage a person’s assets and financial affairs.
Read More

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.
Read More

Changes to interest deductibility, taxes, thresholds and even passport fees made up the fineprint of the mid-year economic update.
Read More