Bill Shorten has made a pitch to small business, helping them to employ younger and older workers but he has also cheesed off their trusted accountants. What is he smoking?
Danny D’Astolto, Partner at Vantage – Tax & Business Services in Kew provided this letter to his clients to educate them on the proposed changes in relation to Trusts. Very well articulated and simple to understand. Feel free to share if you deem it to be appropriate.
Stage two of the ATO’s operational framework is here with more accounting apps being mandated with Two Factor Authentication. This means imminent changes to the way accountants and their teams manage and control access to an ever increasing suite of cloud apps.
This article will help you understand what’s coming from an operational perspective and how to prevent these changes from impacting on your firm’s productivity.
MYOB has confirmed that clients affected by its system outages will be granted an exemption by the ATO, with one software boss claiming that MYOB is not the only provider with issues.