In this edition of IN FOCUS we consider the capacity of the ATO to take security obligations with respect to taxpayers’ payment. Unlike trade suppliers the ATO is not in a position to decline credit. A taxpayer can voluntarily furnish security to the ATO to secure their obligations to the ATO. Further it may come as a surprise that the ATO has the power to request security to better protect the revenue. Law Administration Practice Statement PS/LA 2011/14 Annexure C sets out the circumstances where the Commissioner will require a taxpayer to provide security in relation to an existing or future liability. Read more here: https://lnkd.in/gf4PKWDy Author: Blair Pleash
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📰News Alert! The NCACPA has joined with other state CPA societies and the AICPA to call for a delay in enforcement of Beneficial Ownership Information (BOI) reporting requirements until the courts determine the constitutionality of the law. For many small businesses, BOI reporting is a complex and burdensome task. The recent ruling in NSBA v. Yellen adds confusion and uncertainty. Small businesses shouldn't be penalized until the legal issues are resolved. READ MORE: https://hubs.li/Q02sK1lL0
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The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
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The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
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CCI Notifies Regulations On Determination Of Turnover, Settlement, Commitment And Penalty Guidelines Regarding An Enterprise https://lnkd.in/geqKRnxG #legal #legalnews #legalnewsposting #lawstudents #lawschool #desikaanoon
CCI Notifies Regulations On Determination Of Turnover, Settlement, Commitment And Penalty Guidelines Regarding An Enterprise
https://desikaanoon.in
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🚨 Breaking News for Businesses 🚨 A federal court has issued a nationwide injunction halting enforcement of the Corporate Transparency Act (CTA) “BOI” reporting rule. This temporary pause affects the January 1, 2025 compliance deadline. What does this mean for you? 🙅 No need to submit beneficial ownership information (BOI) for now. 👍 Be ready: Reporting obligations could return quickly if appeals overturn the ruling. 💡 Stay informed as the legal landscape evolves! Follow us for updates and guidance on staying compliance-ready. Read the full article here! https://lnkd.in/gBvGx8nc #CorporateTransparencyAct #BusinessLaw #ComplianceMatters
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Non compliance of disclosure of beneficial owner will attract penalty of Rs.1000,000/- Section 182 of ITO 2001 #XpertLawAssociates #corporatelaw #taxalert #compliancematters #stayinformed #incometaxreturn #incometax #penaltywarning #businessregulations #beneficialownership #taxcompliance #businessadvisory #xpertlaw #xpertlawassociates #TaxLaw #LegalServices #Pakistan 🇵🇰
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The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
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The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
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We specialize in helping law firms build top-tier Risk and Compliance teams. We provide expert guidance and connect professionals in the Risk and Compliance field. Contact me at silviaokonkwo@ajfoxcompliance.com.
The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
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If you work in law firm Risk & Compliance I would love to speak with you! emmaedwards@ajfoxcompliance.com
The recent SRA proposals on higher financial penalties have been widely criticised as being unlawful, unworkable and of failing to recognise the business structure of law firms. All damning enough, before considering that they additionally fail to adhere to basic rule of law principles. #SRA #lawfirm #riskandcompliance
SRA financial penalties consultation: why propose the unlawful?
