Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

How to improve performance and deliver value through tax

November 26, 2018

The difficulty of tax reporting is only increasing with more demands than ever being made by the Australian Taxation Office. So using the right software can not only give you a distinct advantage, but a must. There are many challenges ahead in the world of taxation for companies in Australia and around the world. The […]

How to improve performance and deliver value through tax

How to improve performance and deliver value through tax

The difficulty of tax reporting is only increasing with more demands than ever being made by the Australian Taxation Office. So using the right software can not only give you a distinct advantage, but a must. There are many challenges ahead in the world of taxation for companies in Australia and around the world. The […] … 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

Profitable Procurement with SAP Ariba ONESOURCE Tax Solution

Profitable Procurement with SAP Ariba ONESOURCE Tax Solution

In the world of business-to-business buying and selling, much has been made of the consequences of getting tax wrong – with good reason. But what about the positives of getting it right? Adopting an automated system such as SAP Ariba ONESOURCE doesn’t just mitigate the risks, it can drive profits and excellent customer relationships. … Read More

GST: Time to Renovate or Detonate?

GST: Time to Renovate or Detonate?

Two of the biggest changes to Australia’s GST regime came into effect on 1 July 2018, impacting the property sector and overseas online retailers. They follow a legislative trend which is prompting many practitioners to ask, is it time to rethink our indirect tax system? … Read More

Phoenix falling: New GST measure to fight tax avoidance in the property sector

Phoenix falling: New GST measure to fight tax avoidance in the property sector

Desperate times call for desperate measures. Following an ATO submission to the 2015 Senate Inquiry on ‘Insolvency in the Australian construction industry’, which reported that $1.8 billion in GST debt had been written off as a result of phoenix activity by property developers, the Australian Government announced drastic changes in the 2017-18 Budget which would attempt to stem the bleed. … Read More