Tax office turns up the heat

Article Abstract:

The tax office took over the regulation of the self-managed super annuation funds (SMSFs) in late 1999 in its recent annual report states that the regulator has concerns about the level of understanding of some trustees and about the level of understanding of some governance arrangements particularly in relation to the independence and experience of auditors.

United States, Commercial Banks, Investment Banking and Securities Dealing, Portfolio Management, Tax Administration, Portfolio & Funds Management, Tax administration and procedure, Powers and duties, Auditors

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Fiction versus fact

Article Abstract:

The Australian companies are planning substantial changes in their financial statements including balance sheets, profit and loss statements, and cash flow statements. Some of the changes are in the field of expensing share options, intangible assets, goodwill, and financial instruments.

Reporting & Disclosure, Corporations, Corporate finance, Financial statements

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Tax time need not taxing

Article Abstract:

Clarifications relating to tax returns, capital gains tax and work-related expenses, and tax deductions, issued by Australian Taxation Office are presented.

Product standards, safety, & recalls, Capital Gains Taxes, Standards, Expense deductions, Capital gains tax, Tax returns, Australia. Australian Taxation Office

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