With the introduction of the new AASB 16 Leases, lessees are now required to account for the assets and liabilities from operating leases, changing the balance sheet forever. After a…
Read morePrecision needed to meet CGT on small business concession rules
For small businesses selling their business assets, generous CGT concessions may reduce their capital gain and also boost their super.But strict rules apply. Capital gains tax (CGT) concessions can create…
Read moreThree ways for accounting practices to build relationships that grow revenue
Technological change is transforming the business models of firms in the tax world, allowing accountants to move from a singular focus on compliance to a broader adviser role – and…
Read moreWhy documentation is vital with ATO audits
Smart, cohesive technology has triggered an increase in ATO tax audits in the past 12 months. Organised and accurate documentation is key to being prepared should an audit be requested.
Read more