Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The Tax Office’s ever-increasing data-matching capabilities means tax practitioners need to be pushing clients for contemporaneous and thorough records, particularly as the agency places a focus on capital gains tax.
Speaking to Accountants Daily, HWL Ebsworth Lawyers senior associate Vincent Liccardi said the ATO’s increased focus on CGT stems from its increasing data-matching abilities, as well as new international agreements — such as the Common Reporting Standard — which will allow the Tax Office to scrutinise tax information with foreign jurisdictions.
Read more at the Accountants Daily.