News and Media

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.

Click here to read the full article.

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”.

Click here to read more. 

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

Congratulations to OBT Financial Group!

20th October 2015

Congratulations to Brett Garmeister of OBT Financial Group in Gatton (QLD), winner of our Apple Watch promotion! Associate Director of Professional Risks, Karen McDonald, presented Brett with his prize recently. For your chance to win an Apple Watch, simply obtain a PI Shield Quick Quote for professional indemnity insurance. Contact the team for further information. 

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