Capitaleyes Latest Accounting News
13 May 2022

Be alert for phoenix activity, businesses told

The ATO says the best protection is “knowledge defence”. 
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22 April 2022

Small businesses show sign of omicron rebound

Increased sales take Xero index into positive territory.
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17 April 2022

Data matching program: government payments

A data matching program designed to identify and address non-compliance with tax and super obligations is under way in relation to government payments for the 2018–2019 to 2022–2023 income years. It covers most services that the Commonwealth Government pays third-party program providers to deliver.  
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13 April 2022

ATO puts 50,000 directors on notice.

The ATO is sending its strongest message on debt enforcement since the pandemic, says Grant Thornton.
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11 April 2022

State and Federal Disaster support — April 2022

  The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.  
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31 March 2022

Federal Budget 2022 – Overview

  The following is a breakdown of the major parts of the Federal Budget delivered last night by the Treasurer, Josh Frydenberg.   
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FBT Reminder – Odometer Reading

  Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles  
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5 March 2022

How stress and burnout are different, and why the difference is important

It’s helpful to keep the distinction between burnout and stress clear so as not to burden individuals with responsibility for fixing workplace issues that require management attention, writes Dr Karen Morley.
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Superannuation Guarantee (SG) increases

  Between the 1st of July 2022 to the 1st of July 2026 there will be five SG increases.  
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Undisclosed income risks hefty asset betterment assessments

The Federal Court are satisfied with asset betterment principles – a controversial approach the Australian Taxation Office (ATO) takes to determine undisclosed income.
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ATO launches campaign to target tax withholding on overseas royalties

ATO has embarked on a new campaign to target private wealth groups withholding tax on overseas royalties.
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Accountants ‘have important role to play’ in digital transformation

The accounting profession is being encouraged to aid small businesses through their digital transformation journey, with the Morrison government making a $2.8 million commitment to streamline electronic transactions.
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