Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Why tax compliance needs dedicated software

Tax compliance in Australia is a complex business and can involve multiple departments across an organisation working together to fulfill any outstanding issues. This, however, is not always a simple or coherent task, as departments in big companies often hold onto data or don’t have the necessary resources to share efficiently or effectively to allow […]

Why tax compliance needs dedicated software

Why tax compliance needs dedicated software

Tax compliance in Australia is a complex business and can involve multiple departments across an organisation working together to fulfill any outstanding issues. This, however, is not always a simple or coherent task, as departments in big companies often hold onto data or don’t have the necessary resources to share efficiently or effectively to allow […] … Read More

Excel and the future of accounting

Excel and the future of accounting

It may be as commonplace in Australian businesses as the office Christmas party, but Microsoft Excel should not be confused with an enterprise-level tax solution, according to Jessica Farthing, Director (Indirect Tax), Grant Thornton Australia. There’s no denying the popularity of the familiar, if cumbersome, software tool here and overseas. A recent Deloitte survey revealed […] … Read More

Faithful to FOMO: The benefits of leaving your tech comfort zone

Faithful to FOMO: The benefits of leaving your tech comfort zone

After 10 years since Apple's release of the first iPhone, users are migrating to other brands. While Microsoft released MS Excel twenty years ago and it remains the solution of choice for many accountants. Why are we less comfortable with embracing new tech in our professional lives when we have an equal number of choices? … Read More

Local file, local flavour: Lessons from BEPs one year on

Local file, local flavour: Lessons from BEPs one year on

BEPs first anniversary is approaching. What can we learn from the unique challenges faced by multinationals operating in Australia? And what will Year 2 bring? Joanne Ting, CbC and Transfer Pricing technology specialist gives us a preview ahead of the upcoming webinar with BDO and The Tax Institute. … 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