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Tax Office priorities for tax returns 2019

Date: July 3, 2019
Categories: Tax
Rental deductions and cryptocurrency data-matching are joining work-related expenses on the Australian Taxation Office’s list of priorities as Australians prepare to lodge their tax returns.By Zilla EfratWhile it’s still keeping a firm eye on work-related expenses, the Australian Taxation Offic ...
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Australian Federal Budget 2019-20 & Our take on it!

Date: May 30, 2019
Categories: Federal
Members of regulated superannuation funds will not have to meet the work test after 1 July 2020if they are 65 or 66 years of age. Under the bring-forward rules, individuals meeting the agerequirement can make three years’ worth of non-concessional superannuation contributions (i.e.after-tax contri ...
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Corporate,Carisma blog
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An eventful September awaits us!

Date: August 23, 2018
Categories: Corporate, Events
Dear Client,Greetings from Carisma Solutions. We are delighted to inform you that this September, we will be sponsoring and attending the CLASS CONNECT CONFERENCE (Sep 16-18) in Sydney and XEROCON 2018 (Sep 4–6) in Brisbane, Australia. If you are around, ...
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Skill shift
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Skill shift: Automation and the future of the workforce

Date: August 23, 2018
Categories: Accounts, Corporate
Skill shifts have accompanied the introduction of new technologies in the workplace since at least the Industrial Revolution, but adoption of automation and artificial intelligence (AI) will mark an acceleration over the shifts of even the recent past. The need for some skills, such as techn ...
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federal budget
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Federal budget 2018 update & our take on it!

Date: August 23, 2018
Categories: Accounting, Corporate
Maximum allowable member in a fund is increased from 4 to 6.From 1 July 2019, audit of superfund can be done once in three years for SMSFs with a history of good record keeping and compliance.Individuals will be required to confirm in their income tax returns that they have complied with “notice o ...
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Accountants
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The next evolution for accountants?

Date: August 23, 2018
Categories: Accounts, Corporate
Data science: The next evolution for accountants?Some of the hottest fields in business call for exactly the skills that the accounting profession offers, according to IBM’s Leon Katsnelson.In a keynote address on artificial intelligence at CPA.com’s 2017 Digital CPA conference, held in S ...
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Accounting firm
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Your accounting firm isn’t worth squat – An open letter to a Senior Partner

Date: August 23, 2018
Categories: Accounting, Corporate
Dear Bob,I started working with your accounting firm when I was a graduate, wide eyed and fresh out of university. I spent the first 12 months of my career learning the basics of ‘tax’ which included how to complete a form on horribly clunky software, learning not to misspell my clients’ names ...
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Diwali
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Diwali Celebration 2017

Date: August 23, 2018
Categories: Corporate
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First principles: Bookkeeping
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First principles: What do accountants really do?

Date: August 23, 2018
Categories: Accounting, Accounts, Bookkeeping, Business Service, Corporate, Superannuation
There’s a great scene in “The Silence of the Lambs” where Hannibal Lecter guides young FBI agent Clarice Starling in her pursuit of a serial killer by getting her to return to “first principles,” asking, in the manner of Roman philosopher-emperor Marcus Aurelius, “What is this thing i ...
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Independence day - carisma
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India Independence Day – 15th August 1947

Date: August 23, 2018
Categories: Corporate
Dear All,India Independence Day Greetings to each one of you!It is just appropriate to remember the words of Tagore while we step into the 71st year of India's Independence.Where the mind is without fear !Where the mind is without fear and the head is held highWhere knowledge is freeWhere the ...
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