Friday, 28 November 2014
The ATO’s decision to ‘go digital’ is a sound one because automating the tax payment process increases efficiency, minimizes errors, and makes auditing much easier. Yet even with these features in place, experienced Parramatta accountants, such as those from Advanced Accounts, remain indispensable.
Wednesday, 26 November 2014
Although the ATO seems focused on large enterprises with overseas business dealings and assets, small and medium enterprises (SMEs) that entered agreements with the government can also expect to be reviewed. In fact, SMEs are more likely to enter an APA than multinationals as they’re responsible for 21 APAs completed from 2009 to 2010 (compared to 18 APAs from large enterprises). Therefore, SMEs have every reason to work with reliable Parramatta accountants, like those from Advanced Accounts, to ensure that their business dealings meet APA requirements in addition to those imposed by the ATO.