Capitaleyes Latest Accounting News

  The number of SMEs struggling due to late payments is still being felt, according to new research.  
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  On 1 July 2021, the maximum number of allowable members within an SMSF increased from four people to six people.  
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  The ATO and the SMSF Association have clarified some of the areas of confusion with respect to the director identification number process and outlined some of the ATO’s longer-term plans.  
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  Single Touch Payroll will be expanded from 1st January 2022, with additional requirements.  
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  A very interesting, graphical, summary of the monsters of our global economy.  Fascinating stuff!!  
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Come back each day and click on the next date for another inspirational quote or poem from some of the greatest writers and poets.
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As we fly into our second pandemic-impacted festive season, many employers are now, more than ever, looking to bring a little bit of cheer to their employees.
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With the recent pandemic, there have been more conversations and questions over the role of the employer in supporting the wellbeing of their employees.
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  The following are some of the links to information on a number of State and Federal initiatives that might help your business through these tough times.  
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The ATO says it will be focusing on accessing new third-party data, automating audit processes, increasing its access to high-quality data and preventative strategies in order to drive down the overall tax gap.
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Business valuation is often described as a dark art. Indeed, get three different valuers to value the same asset and you will likely end up with three very different results. But this doesn’t need to be the case.  
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The carry-forward rules are often overlooked by eligible individuals who do not use the full amount of their concessional contributions (CCs) cap in a particular financial year.
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