Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Political chaos pushes down corporate confidence and deters investment

“Corporate confidence is at its lowest level in around two years and this is partially due to the instability in our political leadership”, states a recent article published in the Financial Review Thomson Reuters’ Managing Director for Asia and Emerging Markets, Tony Kinnear, says political chaos in Canberra is affecting investment as well, with multinationals questioning […]

Political chaos pushes down corporate confidence and deters investment

Political chaos pushes down corporate confidence and deters investment

“Corporate confidence is at its lowest level in around two years and this is partially due to the instability in our political leadership”, states a recent article published in the Financial Review Thomson Reuters’ Managing Director for Asia and Emerging Markets, Tony Kinnear, says political chaos in Canberra is affecting investment as well, with multinationals questioning […] … Read More

Justified Trust: Has GST compliance taken us to the tipping point?

Justified Trust: Has GST compliance taken us to the tipping point?

GST Streamline Assurance reviews, the latest addition to the ATO’s whole-of-tax compliance framework, is placing a heavy burden on corporate tax teams. We look at some of the recent developments and how the industry can be better equipped to deal with this latest wave of compliance changes ahead of the Corporate Tax Association's GST & Indirect Tax Intensive in October. … Read More

Designing for people: Tax and the process of transformation

Designing for people: Tax and the process of transformation

Imagine being able to press pause on business operations and to take stock of your tax and accounting processes. To start afresh, removing the barnacles and band-aids, keeping what is working, and re-working what can be done better. Transforming it into a process “Utopia”. But even then, it would never remain in this “flawless” state. […] … Read More

Five reasons you need to switch to tax automation

Five reasons you need to switch to tax automation

More than simply improving efficiencies and meeting tax compliance obligations, using the right tax technology is essential to a healthy bottom line. It’s common that businesses will persist with systems that are familiar — a case in point is the humble spreadsheet. A long-time mainstay of many businesses, it remains useful for basic collating of […] … Read More

No free rides in the crypto-currency tax race

No free rides in the crypto-currency tax race

Whether a crypto-dabbler or serious crypto-currency trader, anyone thinking they have a free ride past the tax tollgate will be in for a shock. The ATO is fine-tuning its strategy to chase and bill those failing to declare their gains resulting from the sale of bitcoins - or any other type of cryptocurrency. Luis Vazquez looks at the tax implications for all taxpayers. … Read More