Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREATO cops backlash on delayed Everett assignment guidelines
The Tax Office’s 30-month-long review of how professional firms engage in income splitting has yet to result in draft guidance, let alone definitive guidelines, as the professional bodies take aim at the ATO’s consultation process.
In a scathing submission to the ATO, a group of organisations — including the joint professional accounting bodies — has now criticised the agency’s ongoing consultation process on guidance around how professional practices allocate income, which includes the use of service trusts and the Everett assignment.
Read more at the Accountants Daily.
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