Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

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

Five tips to getting BEPs right every time

Five tips to getting BEPs right every time

Eight out of 10 Australian companies say they can’t comply with the new Year 2 local file requirements without some assistance, according to a recent Thomson Reuters survey. The survey of participants at our recent webinar, BEPS: One Year On, suggests that many companies (80%) are still not confident in meeting the requirements of the […] … 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

Cleardocs named Australia’s best trust deed provider for SMSF advisers

Cleardocs named Australia’s best trust deed provider for SMSF advisers

Thomson Reuters Cleardocs has been named Australia’s best trust deed provider for SMSF advisers in the sixth annual SMSF Awards, based on the responses of financial planners, accountants, and other SMSF professionals. … 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