Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

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

What the ATO’s proposed GST compliance measures mean for Corporate Australia

What the ATO’s proposed GST compliance measures mean for Corporate Australia

The ATO will take on indirect tax in the next phase of building its whole-of-tax compliance framework. The proposed GST Large Business Program is aimed at Top 100 businesses in Australia. Neha Mahindru, our Indirect Tax solutions specialist, looks the implications for large corporations and their tax management systems. … 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

ONESOURCE Global Tax for SAP Ariba Solutions: the partnership making procurement awesome

ONESOURCE Global Tax for SAP Ariba Solutions: the partnership making procurement awesome

The last 30 years have seen the Australian economy make a steady departure from manufacturing and open up to international trade. Procurement and supply chain consultants have been central to this market evolution – providing advice to companies on new technology, sourcing goods from new countries and improving internal procedures. As a result, the industry […] … Read More