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If you have an Australian Financial Service Licence (AFSL), you might be aware that some of the documents you signed as part of your audit last year were a little different. This is because ASIC has amended the AFSL engagement audit report (Form FS71), not only once, but twice last year. The second amendment occurredRead more

EMBRACE CHANGE The other day my brother showed me a quote from Lou Holtz which goes like this ‘Don’t tell your problems to people: eighty percent don’t care, and the other twenty percent are happy you have them’. I think Lou might be right in his observations, so I then went onto the internet toRead more

  One of the very first questions you are asked on your tax return is: “Are you an Australian resident?”  It may seem an unusual or unnecessary question, but working out your tax residency is important to the ATO as they want to get this one cleared up early, it makes a big difference toRead more

Are you an employer with less than 20 employees? Have you registered for SuperStream? As at 30 June 2016 it will be compulsory for you to comply with the ATO’s new SuperStream standard for superannuation payments. What is SuperStream? SuperStream will require employers to lodge and pay superannuation electronically. The ATO advises this system, throughRead more