The ATO wants to ensure that, when an SMSF has a significant majority of its investments in a single asset class, the Trustees have considered, as part of the Investment Strategy, the risks which could arise from that …
ReadThe Australian Taxation Office (ATO) definitely means business as they intensify their objective to eliminate, apprehend, and prosecute illegal business operators (black market) in the country. In fact, they are even going geographic-specific with their hunt. Around 10,000 …
ReadThe ATO have completed more audits in the following areas than any other year, as the ATO are collecting more data: Small Business Benchmarks Small business benchmarks are a guide to help you compare your business’s performance against …
ReadAfter an investigation into cheap audits in the 2016/17 financial year, the Australian Tax Office has expressed concerns with low-cost audits and referred several of them to ASIC. The ATO has focused on the activities related to cheap …
ReadThis #AuditorProud Day, we look at how bright the future is for auditors. Many doors are opening to opportunities now despite jobs becoming automated or the increasing regulatory standards we have to meet. Auditors provide trust and confidence, …
Read#AuditorProud Day will happen on 28 September 2017 and members will celebrate the occasion by sharing stories of what they love about auditing and what makes them proud to be an auditor. In a world full of advertising, …
ReadIt is important to ensure that service providers are aligned with your firm’s culture, values, management, staff, clients and operations, therefore there are many issues to consider when choosing a SMSF auditor. While the most common question …
ReadAudit Services and Accounting firms: How to tell if an Outsourced Audit Services Partner is required Auditing services is an accounting discipline with precise methodologies and complex legislative requirements that you simply can’t afford to approach haphazardly or dismiss. There are …
ReadAs a business owner, property investor or trustee of a property investor trust, it’s possible that one day you could be selected for a tax audit. If this happens, it’s important to be aware that you – and not your bookkeeper or accountant – will be held responsible for any errors or omissions in your taxation affairs. This makes it very important to take a keen interest in your financial and tax affairs rather than simply handing them over to your accountant to manage.
ReadIn order to maximise property depreciation deductions, it is important to understand the difference between division 40 and division 43 regulations. These two main pieces of legislation affect rates at which assets can be written off and claimed. …
ReadWhen you need professional Audit services, Chan & Naylor will work to deliver an excellent outcome to Australian businesses that is fully complaint, independent, and unbiased. My name is De Yan Wong and I am one of …
ReadWhen you need professional Audit services, Chan & Naylor will work to deliver an excellent outcome to Australian businesses that is fully complaint, independent, and unbiased. My name is De Yan Wong and I am one of …
ReadWhat is it? Australian consumers are warned that there is a very aggressive tax scam in operation. Fake callers claiming to be from the Australian Tax Office (ATO) will call you at random at home. The purpose of …
ReadCGT improvement threshold for 2013/14 Are you? A taxpayer who has made major capital improvements to a pre-CGT dwelling that is used to derive assessable income? At a glance: The Tax Office has released the Capital Gains Tax …
ReadChan & Naylor Audit Insurance – Click here to enquire The Australian TAX Office can do a Tax Audit to anyone at any time! So, what are the implications on your business or personal affairs during …
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