Author Archives for wybenga_admin

Understanding the evolution of blockchain and cryptocurrencies

August 8, 2018 12:00 am Published by Comments Off on Understanding the evolution of blockchain and cryptocurrencies

While it’s unlikely that traditional accounting will be replaced by a blockchain method in the near future, accountants should keep a keen eye for any developments and be prepared to deal with new standards in accounting for cryptocurrencies.


Tax Office reveals adventurous, dubious claims ahead of tax time

July 22, 2018 12:00 am Published by Comments Off on Tax Office reveals adventurous, dubious claims ahead of tax time

The ATO has released several case studies of adventurous and misguided expenses claims from taxpayers, but some fear they’re being made an example of because the Tax Office cannot “audit their way out” of a large-scale expenses crackdown.


ATO reveals top tax time mistakes, set to contact 1 million taxpayers

July 19, 2018 12:00 am Published by Comments Off on ATO reveals top tax time mistakes, set to contact 1 million taxpayers

The ATO will be contacting over one million taxpayers either directly or through their tax agent in the coming months as part of its compliance activity, and have revealed the most common trouble spots for taxpayers at tax time. 


Watch out for charges with incoming GST laws.

July 16, 2018 12:00 am Published by Comments Off on Watch out for charges with incoming GST laws.

Accountants and their clients have been advised to pay close attention to the commencement of GST on low value imported goods that could see Australian retailers incorrectly charged by overseas suppliers.


Super savings gap for women stuck at 30%

July 13, 2018 12:00 am Published by Comments Off on Super savings gap for women stuck at 30%

While the gender gap in superannuation is improving, an economic index indicates women are still retiring with superannuation balances 30 per cent lower than men.