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The Tax Institute ‘pleased’ with ATO’s taxpayer relief provisions approach
Following the Tax Office’s changes to the tax treatment of GIC and SIC, The Tax Institute is welcoming its route to implementing a principles-based approach to taxpayer...
‘Overwhelmed, disappointed’: Tax Ombudsman slams ATO tax agent service
Tax agents are increasingly dissatisfied with the ATO, its poor service and “strained relationships”, the Tax Ombudsman has revealed.
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AI uptake ramping up cyber threats for businesses, BDO says
Small businesses take over a week to recover from cyber attacks, and AI tools are ramping up firms’ exposure to threats, a white paper has revealed.
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AML reforms about humans, not paperwork
As Tranche 2 AML/CTF reforms loom, child protection experts have warned that financial crime isn’t just a regulatory burden but a frontline in the fight against exploit...
High Court hears Bendel appeal
Yesterday, the High Court of Australia heard the Commissioner of Taxation’s appeal in the ongoing Bendel saga. The judgment is expected to be handed down early next yea...
Incoming Payday Super legislation: What you need to know
A tax expert is warning employers to be aware of the newly proposed Payday Super legislation and guidance, and what it will mean for their business.
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Altered super tax proposal brings ‘waves of relief’ for professionals
The government’s surprise amendments to the proposed super tax have been welcomed with open arms by the accounting and superannuation industry.
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Audit independence: ASIC’s findings a call to improve, not cause for alarm
Audit independence is a cornerstone of audit quality, but it does not stand alone. It operates alongside the expertise of highly skilled practitioners, rigorous professio...
‘Common sense’: Government bows to super tax pressure
After countless months of debate against the government's proposed Div 296 tax, Treasurer Jim Chalmers has unveiled significant changes to the proposed legislation.
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Net cash flow tax: What is it and what will it mean for SMEs?
As differing opinions circulate at the top end of town about the potential impacts of a net cash flow tax, its effect on SMEs could add to their daily struggle in the cur...
Gen X urged to make the most of their wealth opportunities
As concern circulates around the older generations' wealth and the possibilities they will have in terms of financial prosperity, HLB Mann Judd says “it's not as bad as...
ATO not targeting honest Payday Super mistakes, draft PCG says
The ATO’s draft compliance guide for Payday Super laws stipulated that firms could still be deemed ‘low risk’ if occasional late payments are made due to processing...
‘Long overdue’: Payday Super legislation introduced
Advocates and service providers alike have welcomed the introduction of the Payday Super legislation to Federal Parliament, which the Treasurer says will “put a stop”...
Navigating toxic personalities at work
The toxicity of a workplace may be too severe to manage effectively. Evaluate how the toxic environment is affecting your mental health, job performance, satisfaction, an...
CA ANZ releases fresh guidance on emissions measurement for SMEs
CA ANZ has urged small businesses to educate themselves on emissions measurement as climate-related financial disclosure requirements kick in throughout their supply chai...
‘Ride the wave’: Accountants continue to face industry, life challenges
Accountants are becoming some of the most versatile workers as they continue to face rapid eras of change and transformation, all while continuing to pursue their workloa...
Tradies, professional services providers under ATO’s microscope
Construction firms and professional service providers can expect greater tax scrutiny after being called out in the ATO’s latest small business focus areas.
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McGrathNicol welcomes former KPMG partner to its ranks
McGrathNicol has welcomed former KPMG partner Alex Kealley to its partnership in Perth, expanding its deals advisory offering.
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ANZ champions SME cyber security to protect financial assets
Scam tactics continue to become increasingly sophisticated with small businesses needing to be more vigilant than ever, according to the big four bank.
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Proposed PAF rule changes threaten to reverse decades of giving momentum
Preserving a system of philanthropy that works, while encouraging more Australians to embrace giving and increasing the flow of social capital to the thousands of chariti...
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