🎁 Happy Holidays from the NTAA 🎁 Please note, our office will be closed from 19 December 2024 and will be re-opening on 8 January 2025. Thank you for your continued support in 2024. We look forward to supporting you with resources and guidance in 2025. Enjoy a well-deserved break and here’s to a prosperous New Year!
National Tax and Accountants' Association - NTAA
Accounting
South Melbourne, VIC 22,372 followers
A representative Voice for the tax agent community
About us
Formed in 1992, the National Tax and Accountants' Association ('NTAA') is a not-for-profit association that is dedicated to assisting accountants, tax agents, tax advisers and businesses in understanding and complying with tax legislation (including the GST legislation). We have over 10,000 member firms (representing approximately 45,000 accountants) across the country and the diversity of our membership base allows us to gain a unique understanding of the challenges confronting accountants and tax practitioners. The NTAA is also the largest provider of tax-based seminars in Australia and our members frequently comment on the practicality and detail of our seminars and seminar notes. We are committed to improving the understanding of taxation and GST-based issues that arise in practice and industry and we are at the forefront of identifying tax planning strategies for individuals and business taxpayers. It is the constant interaction with our members that allows us to produce practical, well researched and cutting edge seminars, monthly publications, videos and software. We also have a Tax Hotline that provides day-to-day support for our members. Our members can contact our experienced team of tax advisers on the Hotline and receive guidance on many tax and GST-based issues. We receive over 17,000 queries annually and the popularity of this service is a testament to the quality of the advice provided on our Hotline. For more information on our broad range of services or to become a member, please visit our website.
- Website
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http://www.ntaa.com.au
External link for National Tax and Accountants' Association - NTAA
- Industry
- Accounting
- Company size
- 51-200 employees
- Headquarters
- South Melbourne, VIC
- Type
- Nonprofit
- Founded
- 1992
- Specialties
- Taxation, Accounting, Finance, and Training
Locations
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Primary
Get directions
249-251 Park Street
South Melbourne, VIC 3205, AU
Employees at National Tax and Accountants' Association - NTAA
Updates
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🚨 Key Changes for the 2025 FBT Year The 2025 FBT year brings significant developments that will impact how employers prepare their FBT returns. ✅ Compliance Challenges – ATO scrutiny set to be at levels not seen in many years ✅ Savings Opportunities – Recent changes provide employers with unique ways to save FBT Our 2025 FBT Seminar provides practical insights and examples to help you confidently manage these changes. What you'll gain: ✔️ Expert insights tailored to 2025 changes ✔️ Practical examples and solutions ✔️ Dedicated Q&A sessions ✔️ Comprehensive notes & tools ✔️ FREE 2025 FBT Return Preparer & precedent documents ✔️ 6.5 hours of CPD Simplify your FBT return process and lodge with ease! 👉 Register now and stay ahead: https://ntaa.com.au
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The TPB will soon release final guidance on how the recent Code of Professional Conduct changes will operate. One of the key changes requires tax practitioners to advise clients to correct material false or misleading statements and notify the ATO if the client fails to act within a reasonable time (subject to specific thresholds and exceptions). While the TPB administers the Code, some elements require tax practitioners to engage with the ATO to meet their obligations. The ATO has recently advised that it is prioritising the creation of a secure digital notification process to streamline this requirement. 🗓️ What to Expect Next: • Early 2025: Details on how practitioners can make notifications under the new Code item. • Additional guidance on practitioner obligations and how the ATO intends to use the information once received. More information can be found via the link below.
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This month on the NTAA’s monthly update ‘Tax on the Couch’, Rod Wilson caught up with the chairperson of the Tax Practitioners Board Mr Peter de Cure AM. Peter discussed the TPB’s approach to administering the new Tax Agent Services (Code of Professional Conduct) Determination 2024. He also touched on the recently released TPB Annual Report. __ Do you want to secure your seat on the couch this month? Secure your spot at https://buff.ly/2KMvlXO
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On the last day of Parliament for the year, the Senate has agreed to split the ‘Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023’ to isolate the controversial Division 296 measure – being the proposed additional 15% tax on super balances exceeding $3 million from 1 July 2025. As a result, the Division 296 measure will be in a standalone Bill, the ‘Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023’. This will be considered by the Senate upon the resumption of Parliament next year (currently scheduled for February 2025). ⚠️ Tax agents and advisors will have to stay tuned for further developments as there may be further changes that could impact superannuation strategies and compliance requirements for clients!
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Catch Andrew and Rene for their final live stream of our "Protecting Your Practice" Hot Spots Series Seminar. 🎬 Going live at ntaa.com.au from 12pm AEDT.
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Join Andrew Gardiner and Rene Chan for our live streamed NTAA Hot Spots Series Seminar: PROTECTING YOUR PRACTICE – Managing Client Risk and Future Uncertainty This seminar dives into the critical steps you need to safeguard your practice, including: • The latest developments with the 'dob-in' provisions • Avoiding the risks associated with new client engagements • Identifying key traps and risks associated with existing clients • Terminating client engagements – your essential guide Also, receive invaluable precedent documents, including engagement letters, sample file notes and termination documents to strengthen YOUR practice. 🕒 2.5 hours of CPD (including 1 hour of Ethics CPD) 🎥 Live Streaming tomorrow, Thursday, 5 December at 12 pm AEDT 💬 Includes 30 minutes of dedicated live Q&A Purchase here 👉 https://buff.ly/3ZBMlnS NTAA Gold Members: Enjoy this seminar as a benefit of your membership! Don’t miss this opportunity to protect your practice and earn CPD hours.
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Financial abuse within the tax system can manifest in a number of ways. For example, it can arise where one partner or another family member is saddled with tax liabilities for which they have no or limited control. This can lead to victims grappling with crushing debts and financial instability. The Inspector-General & Taxation Ombudsman (‘IGTO’) has launched a review focusing on identifying and managing financial abuse within the tax system. The aim is to enhance the ATO systems and processes to detect abuse, support victim-survivors better, and hold perpetrators accountable. ❓Are you working with clients that may be impacted by financial abuse within the tax system? The IGTO, Ruth Owen, seeks input from tax professionals and those with lived experience to shape this review. Contributions (including insights, data or case studies from your professional experience) are confidential and welcomed until 10 December 2024. More information can be found at the link below.
Spotlight on Financial Abuse in the Tax System: IGTO
https://www.igt.gov.au
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🚨 James & Ben are mic'd up and ready for the first live stream of our new NTAA Express Seminar - ATO Targets Distributions From Overseas Trusts and Deceased Estates 🚨 Join us today from 1pm AEDT at ntaa.com.au.
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NTAA EXPRESS: ATO Targets Distributions from Overseas Trusts and Deceased Estates This one hour seminar addresses the ATO’s escalating audit focus on distributions from overseas trusts and deceased estates, in light of NEW ATO rulings released last week. James Deliyannis and Ben Kilkenny will provide you with a practical guide on when these distributions are likely to be taxed under S.99B. We also discuss the potential impact on resident trusts. Live streaming tomorrow, Tuesday 3 December at 1pm AEDT. Register today at https://buff.ly/3CXa0WQ
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