Global Accounting Alliance, 28 May 2018

May 28, 2018

The Global Accounting Alliance (GAA) is made up of 10 of the world's leading accounting institutes and represents close to 1 million members in over 180 countries around the globe.  In this week’s account of what’s happening on the tax front among the GAA, Australia launches a special amnesty for historical underpayment of workers’ superannuation, South Africa's first cryptocurrency ATM is installed in a Spar in Johannesburg and in the US, the IRS is warning of a brand new scam – fraudsters pretending to be from professional bodies.

The Australian Government has launched a one‑off 12 month amnesty for historical underpayment by employers of superannuation guarantee (SG) as part of a number of measures to ensure that Australian workers are paid the superannuation entitlements that they are owed.

South Africa's first cryptocurrency ATM is now in operation in a Spar shop in Johannesburg. The manager of the store is a partner of the blockchain technology group Vendibit, which focuses on software and hardware support for blockchain technologies.

 

In the US, the IRS has issued a new warning to practicing firms that fraudsters, pretending to be from professional bodies or regulators, are looking for user ids and passwords.  So if you get a call from someone pretending to be from Chartered Accountants Ireland looking for your ROS credentials…