Here Peter Schotter and Simmone Cottom, product specialists at Thomson Reuters address the risks of incorrect GST reporting in a recent Indirect Tax webinar in the new series, Key Challenges: Answered.
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Time to review long-held practices for directors’ fees
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
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GST SARs: ATO’s new GST Governance, Data Testing and Transaction Testing Guide
On 15 July 2020, the Australian Taxation Office (ATO) published the GST Governance, Data Testing and Transaction Testing Guide.
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What does the future hold for tax and super post-COVID-19?
The future of the economy post-pandemic? It’s in the hands of our tax system and superannuation regime. But are they up to it?
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Treasurer flags record $184.5bn Budget deficit
The Treasurer, Josh Frydenberg has released an Economic and Fiscal Update July 2020, forecasting an underlying cash Budget deficit of $85.8bn for 2019-20, rising to $184.5bn for 2020-21 (or 9.7% of GDP).
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JobKeeper extended with cuts and tests ahead
The Government has announced that JobKeeper payments will continue for 6 months beyond its legislated finish date of 27 September 2020, subject to revamped eligibility rules.
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Survey for fifth annual report on fintech, regtech and the role of compliance 2021
Technological innovation presents both challenges and opportunities for financial services firms.
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Webinar: Live! Tax Q&A Forum now on demand
Get your questions answered by the country’s leading tax experts
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Do you have a hawk-eye view on regulatory changes during COVID-19?
Thomson Reuters has recently launched a unique visual dashboard to show movement in legislation across more than 200 countries. The Tracker covers pandemic-driven changes in more than 300,000 jurisdictions.
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Thomson Reuters On-Demand Webinar – Now to Next: Building an Agile, Digital Tax Function
The evolving business and regulatory environment will continue to present indirect tax functions with new and more difficult challenges. Responding to these pressures can open opportunities to shift the indirect…
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