Bryant & Bryant

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BATES SIGNS POWERHOUSE DRIVER/ENGINEER COMBO FOR GT CAMPAIGN

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Tony Bates has landed a major coup for his 2021 GT World Challenge Australia powered by AWS campaign, securing the services of 2014 Bathurst 1000 winner Chaz Mostert as his co-driver in the Bostik Audi R8 GT3. Bates has also recruited Mostert’s Supercars race engineer, Adam De Borre, for the team’s assault on the championship. [...]

What is a recipient created tax invoice

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Tax invoices are an essential element of Australia’s taxation system, and serve both to collect taxation revenue related to the goods and services on which GST is levied as well as record the credits that are claimable by eligible businesses. A business registered for GST will generally be required to hold a tax invoice for [...]

ATO takes aim at ‘you-scratch-my-back’ auditing arrangements

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It has long been an accepted standard that the auditor of an SMSF needs to be independent of that fund, and be a third party entity to the SMSF. This requirement is written into the relevant legislation. There have of course been breaches of this requirement, and instances where auditors and/or fund trustees have suffered [...]