Category Archives: Uncategorized

Temporary Budget Repair Levy

Levy to apply as follows: 0 - $180,000 Taxable Income 0% $180,000+ Taxable Income 2% of income in excess of 180k Levy to apply for the 2015, 2016 and 2017 years Expected to impact on approx. 400,000 taxpayers Combining the TBRL with the increase in medicare levy from 1.5% to 2% from 1 July 2014…
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MYOB to put practice solutions in the cloud

MYOB has unveiled plans to move its accounting practice solutions software online. Speaking at the Accountants Technology Showcase Australia in Melbourne, MYOB chief executive Tim Reed said that the software giant will deliver a series of product innovations over the next few months during the first stages of moving its practice solutions, Accountants Office and…
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ATO annual report flags collectable debt struggle

The value of collectable debt at the end of June 2014 was almost $19.5 billion, an increase of 10 per cent compared to the end of June 2013, according to the ATO’s 2013/2014 annual report. This increase comes despite collections attributable to ATO debt collection actions increasing by 4.8 per cent in 2013/2014 compared to…
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