Holiday rentals under greater scrutiny

The Australian Tax Office (ATO) has begun to monitor tax deduction claims made for holiday rental properties much more closely, with the purpose of preventing excessive rental deduction claims. They have advised that they have sent letters to taxpayers in about 500...

Driving Licence Demerit Points System

How does the demerit system work? You accumulate demerit points for certain driving offences you commit. This means that when you first receive your licence you will have zero demerit points. The amount of demerit points you can accumulate over a three year period...

Independence of Auditor

Under sections 301 of the Corporations Act 2001 all disclosing entities, public companies, large proprietary companies and managed investment schemes are required to have their financial reports audited and lodged with the Australian Securities & Investments...