Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREDeductions to be blocked for withholding failures
New laws aimed at removing tax deductions for businesses that fail to comply with their withholding obligations are set to come into play as the government continues to tighten its grip around the cash economy.
Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 was introduced in the Senate last week, and aims to deny income tax deduction for certain payments if the associated withholding obligations have not been complied with.
Read the full article at My Business.
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