News and Media
Apple Watch Winner!
4th February 2016
Congratulations Emanuele Busacca (pictured on the left with AI team member Phil D'Rozario) from Phillip Anthony Partners in South Melbourne for winning the Apple Watch as part of the Accountancy Insurance PI competition. Australian accounting professionals can email firstname.lastname@example.org and request an obligation free quote on professional indemnity insurance. In doing so, you will go into the draw to win an Apple Watch!
ATO resolves disputes and prepares for more audits
4th December 2015
The Australian Taxation Office (ATO) has released its 2014-15 Annual Report, which demonstrates the strategic shift to early engagement strategies and dispute resolution has succeeded, positioning the ATO for an increased focus on compliance activities in 2016.
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Accountants urged to consider cyber insurance
27th January 2016
Accountants have been warned about their complacency around digital issues, and urged to consider cyber insurance to protect the sensitive information at their disposal. Karen McDonald, associate director of professional risks at Accountancy Insurance, told AccountantsDaily that while PI insurance is a legislated necessity, cyber insurance is often viewed as a “nice to have, not a need to have”.
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How an ATO tax audit process works
9th November 2015
'TEN THOUSAND workers to face audits', The Observer screamed. The news was undoubtedly met with high fives by the three frenzied sharks in the Gladstone waters and a wry smile by the other accounting firms in town, including ourselves.
Ten thousand audits? The likelihood should be seen in the light of process.
If a taxpayer is advised that he is being audited, he has a month to supply substantiation of his claims.
To read the full article, click here.