Welcome to our blog, we will keep you informed

Accounting discrepancies are a prevalent challenge that can cause disruptions in any organization, regardless of its size. These errors can vary from simple data entry mistakes to more intricate issues such as the exclusion of essential information that may result in misleading financial decisions o ...

SMSF Independent Auditor's Report UpdatedThe ATO Self-Managed Superannuation Fund (SMSF) Independent Auditor's Report has now been updated.ATO has made an important change to the SMSF Independent Auditor's Report.The reference to Auditing Standard ASQC has been removed from Part B of the repo ...

Starting a new job after legally retiring will not cause a person to lose the tax benefits from an existing income stream.An individual who meets the legal definition of retirement and satisfies a condition of release can continue to receive full benefits from an existing pension even if they resume ...

STP Finalisation:Are you in need of assistance in completing your STP data?This task must be finalized by July 12, 2024. To assist you in completing this, please follow the following three steps:Step 1: Conduct a thorough review.Please ensure that the Legal/Trading name, ABN, and posta ...

As tax time approaches, the Australian Taxation Office (ATO) has highlighted three common errors made by taxpayers that it will pay close attention to.Work-related expensesDeductions on rental propertiesFailing to include all income when lodgingMore than 8 million people claimed a work-related deduc ...

The Effect of Foreign Direct Investment on the Financial Sector Development in Developing CountriesForeign Direct Investments (FDI) can play a vital role in boosting the financial sector development of developing countries. Here’s a breakdown of the effects:Benefits: Increased Ca ...