Institute of Certified Bookkeepers

Despite the talk before there is very little impact in this budget that will directly impact the processes and procedures for bookkeepers.

  • TPAR will extend to the Cleaning and Courier industries starting 1 July 2018.
  • Single Touch Payroll and SimplerBAS was allocated money to ensure that everyone gets told about them.
  • Further money has been given to the ATO to pursue the cheats (“Level the playing field”)
  • GST changes on precious metals and property settlements.
  • Money allocated to the Digital Transformation Office to (finally) get some real progress on better Cyber Security (Including if we read between the lines...a replacement for Auskey)
  • Tax cuts, Medicare up, Asset write off's continue

But just remember it isnt law yet.

Click here for the ICB extraction of what appears relevant to us and our industry.

  • 9th May, 2017