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Journalist. [email protected] 0498 138 609. LinkedIn. Imogen Wilson is a journalist at Accountants Daily and Accounting Times, the leading sources of news, insight, and educational content for professionals in the accounting sector. Previously, Imogen has worked in broadcast journalism at NOVA 93.7 Perth and Channel 7 Perth.
News - Accountants Daily
6 days ago · News and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession
Main residence exemption myths and misconceptions
When it comes to taxation, the family home is sacred. It is often the largest asset a taxpayer will own, and we all know that the family home is exempt from capital gains tax (CGT).This perception has caused many governments to remain gun shy about making changes that would lessen the generous concession available to homeowners; the main residence exemption (MRE).
ATO releases revised WFH expense claims guidance
Nov 2, 2022 · Revisions to the work-from-home rules reduce the shortcut or fixed-rate allowance from 80c an hour to 67c but allow additional claims for equipment and other expenses, the long-awaited ATO guidance reveals. Effective from 1 July 2022 – when the previous pandemic inspired provisions ended – PCG 2022/D4 sets out the ATO’s post-COVID regime ...
ASIC releases guidance for tax (financial) advisers
ASIC has released Information Sheet 268 for which provides guidance for advisers who provide or intend to provide tax (financial) advice services following the passage of the Better Advice Act.. The act requires, among other things, that all financial advisers who provide personal advice to retail clients about relevant financial products be registered with ASIC by 1 January 2023.
ATO provides further guidance on SuperStream issues
The ATO has released further guidance on SuperStream rollovers along with updated tips on how to minimise delays when rolling super to or from an SMSF. The ATO has recently updated guidance for SMSF trustees and members who wish to transfer their super to or from another fund, as well as those who wish to release money for Division 293, CCAPS ...
ATO signals good-faith approach to tax agent deferrals
ATO deputy commissioner Hoa Wood said tax agents should be aware of the deferral options available to them, including agent and ATO-assessed deferrals. “The type of deferral you can access will depend on how much extra time you require, and the kind of obligation you are lodging,” Ms Wood said. “You can submit a deferral request by ...
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The survey also found that firms that work with tech-advanced clients see boosts in efficiency, strategic advisory, and client communication. To succeed as an accountant today, it is important to have both traditional accounting... 27 November 2024. Live - 2:00pm•60 minutes. Register now to watch the live webcast.
ATO changes interpretation around commercial debt forgiveness …
The ATO has taken a “complete backflip” with commercial debt forgiveness rules, with its draft tax determination ruling that a creditor must be a natural person to forgive a debt for reasons of natural love and affection. Last week, the Commissioner of Taxation released Draft Taxation Determination 2019/D9, close to eight months after it ...