Tax & Accounting Blog

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TAX AND ACCOUNTING PROFESSIONALS

Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Personal tax cuts are shaping up as a likely Federal Budget centrepiece, but the question of how exactly they'll be funded is still anyone's guess. Terry Hayes, Tax Consultant to Thomson Reuters, looks beyond the simple revenue loss equation to understand why they could be a 2018-19 budget certainty, despite the finance question. … Read More

SMSF return due date extended

SMSF return due date extended

The Tax Office has extended to 30 June 2018 the due date for lodging self-managed superannuation fund (SMSF) annual returns for the 2016-17 income year. Thomson Reuters Weekly Tax Bulletin (Issue 3, 19 January 2018) reported that the ATO made this decision in recognition of the major choices that SMSF trustees need to make in this first financial year of […] … Read More

Dynamic Duos: The Future of Tax and Accounting

Dynamic Duos: The Future of Tax and Accounting

Almost half of Australian executives and a quarter of CEOs predict that their businesses will be significantly transformed in the next 3 years, either through adapting to new technologies or offering new products or services[1]. However, enterprise transformation is a challenging and iterative exercise. Acquisitions have been the preferred way to pivot into new markets, […] … Read More

Thomson Reuters and Deloitte Join Forces to Automate Financial Reporting and Compliance for Australian Corporations

Thomson Reuters and Deloitte Join Forces to Automate Financial Reporting and Compliance for Australian Corporations

A recent survey of 977 Finance professionals around the world found only 3% of respondents sleep soundly. The majority are mired in worry around how systems and processes can keep pace with the rate of change in the business[i]. But can Australian multi-national corporations now breathe a sigh of relief? Thomson Reuters has today unveiled […] … Read More

SAP Ariba meets ONESOURCE & makes procurement and tax awesome

SAP Ariba meets ONESOURCE & makes procurement and tax awesome

It was just one week ago that the worlds of procurement, finance and IT were brought together by the SAP Ariba Live Conference, held at Sydney’s International Convention Centre over 22 and 23 August. The event provided an exciting opportunity for the Australian procurement industry to discover the potential of just what this fusion of […] … Read More