Labor MPs continue to defend the proposed cap on the deductibility of accountants’ fees, as accountants, software vendors and associations alike pick up the pace with their lobbying.
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?
Small businesses remain confused about the impact of Labor’s policy on family trusts as the election looms.
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.
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.
Dear Bill Shorten,
Congratulations on your campaign. You have succeeded in upsetting me. I would firstly like to start with an apology. Why an apology you may ask? Let me explain…
Accountants have a seat in the boardrooms of Australia’s most powerful companies, and they’re a huge chunk of, and a trusted adviser to, the SME community. As a profession, accountants are among the most influential in the country.
The Financial Adviser Standards and Ethics Authority (‘FASEA’) has finalised the acceptable pathways that advisers can take to meet FASEA’s education standards.
Advisers who offer standard template documents for SMSFs without asking clients for their preference may find themselves liable if the document doesn’t match the client’s instructions, warns an industry lawyer.
The Financial Adviser Standards and Ethics Authority (‘FASEA’) have finalised a continuing professional development (‘CPD’) standard legislative instrument (Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018).
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