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About AccountantsDaily | Accountants Daily
02 9922 3300. Miranda Brownlee is the editor of Accountants Daily and Accounting Times, two publications delivering analysis and insight to Australian accounting professionals. She was previously the deputy editor of SMSF Adviser and has broad business and financial services reporting experience, having written for titles including Investor ...
Main residence exemption myths and misconceptions
The two-year rule in s 118-195, and the availability of a partial or full exemption, depend on a range of factors, including the date of death, date of acquisition and use of the dwelling. Misconceptions with the ‘up to 2-hectares’ adjacent land rule. The treatment of foreign residents, and the life events test.
SuperConcepts - Accountants Daily
The gainfully employed director. Directors of family companies need to give more thought to the idea of ceasing or continuing to be gainfully... Award-winning and with over 30 years’ experience, SuperConcepts is a leading innovator in SMSF services. An expert and proven partner for thousands of trustees and the professionals who support them.
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 ...
News - Accountants Daily
5 days ago · News and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession
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 ...
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. By Tony Zhang • 23 December 2021 • 12 minute read. 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 ...
Review your ATO Document delivery security now
Jun 20, 2023 · Secure delivery of ATO documents is crucial for accounting firms to protect the confidentiality and integrity of sensitive client information. Here's why accounting firms should avoid sending ATO documents as email attachments and why two-factor authentication (2FA) email is important, as well as why redacting the Tax File Number (TFN) does not ...
How Div 7A changes the game for companies and trusts
The ATO has landed on its final position on the application of Division 7A to UPEs and sub-trust arrangements, and it will be important for practitioners to consider how the final guidance impacts client arrangements. Despite the settled ATO guidance, debate lingers over the merit in progressing legislative change to Division 7A, following a ...