New GST CD-ROM
The Institute of Chartered Accountants has launched a new GST CD-ROM kit to educate financial advisers in their role as managers of small to medium sized enterprises.
The Institute of Chartered Accountants has launched a new GST CD-ROM kit to educate financial advisers in their role as managers of small to medium sized enterprises.
The kit, GST Answers, has been developed with Deloitte Touch Tohmatsu and is designed to be a fast and efficient GST learning tool, says institute president Rob Atkinson.
“It is important to fund time to get up to speed with GST,” he says. “GST Answers has been developed as a module-based training aid.”
The number of modules a person works through depends on their role in the organisation. A financial officer would work through all modules whereas a bookkeeper might only need a few. Each module takes about 45 minutes.
At present all the GST legislation has not been passed by Parliament and Atkinson says updates to the kit will be issued as the new requirements become law.
Atkinson says SMEs are not grasping the complexity of GST at present and are seriously under-prepared for the new tax system.
“Unfortunately, many business people are not paying attention to the new tax changes and are seriously under-prepared,” he says.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
