Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORETax Office owns up to incorrect GIC calculation
Incorrect general interest charges have been applied to a number of existing tax debts as the ATO pins its latest error on its recent system changes.
Accountants Daily understands that the ATO has now sent out erroneous tax debt notices to taxpayers, warning them to pay incorrectly applied unpaid general interest charges (GIC).
Read more at Accountants Daily.
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