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ATO shares payroll data to monitor mutual obligations, provider claims An STP data-matching initiative aims to improve the administration of welfare program Workforce Australia, with compliance action off the table for now. ...
CPA outlines gaps in system for combating financial abuse Better co-ordination between legal, financial and social services and increased awareness is critical to address financial abuse in the tax system, says CPA Australia. ...
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Reckon welcomes Cashflow Manager to software family Reckon has acquired Cashflow Manger and its 20,000 clients as part of a $8.75 million agreement with Money Management Group.   ...
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Ex-liquidator who stole $3m from clients gets 4 years’ jail Peter Amos pleaded guilty to misappropriating funds from five companies over six years for his own benefit. ...
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Division 7A rules in need of ‘care and maintenance’, says tax partner Some of the inconsistency and uncertainty surrounding Division 7A highlights the need for certain areas of tax law to be reviewed, BDO has said. ...
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COSBOA calls for comprehensive SME support following IR changes Australian SMEs must “draw a line in the sand” against increased costs and complexities caused by recent industrial relations changes, according to the Council of Sma...
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Government’s AI plan must include small business focus, says CPA The professional body has urged the government to do more to encourage the adoption of AI by small businesses. ...
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Reinstating EV subsidies key to market’s future: report More support is needed to boost sales and match adoption rates of other developed nations, according to the peak industry body. ...
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Interest in super surges across Gen Z, Millennials Gen Z and Millennials have begun to take greater interest in their superannuation as cost-of-living pressures persist, according to research by AustralianSuper. ...
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Retail and hospitality to recover from sales slump, data reveals The retail and hospitality sectors are set to bounce back as the festive season kicks off, according to recent data from Employment Hero. ...
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ATO flags priority areas for Next 5,000 reviews for 2025 The Tax Office has provided guidance on how groups within the Next 5,000 program can prepare for a risk-based review and what its priority areas are. ...
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Tax Office issues cyber warning for tax professionals Tax professionals must ensure the security of their business premises, client information and digital resources over the holiday break, the Tax Office has warned. ...
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Accountants Daily voted media of the year for accounting professionals Momentum Media’s Accountants Daily has been recognised as the Accounting Industry Media of the Year at the IFPA’s Australian Financial Industry Awards 2024. ...
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ATO issues alert on guarantee arrangements and Division 7A A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for third-party loans. ...
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TPB to step up fight against ‘high risk’ unregistered agents The regulator will use all of its powers and engage the AFP to track down rogue practitioners, chairman Peter de Cure has said. ...
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Consumers warned to avoid post-Christmas ‘spending hangover’ Australian consumers are set to spend an average of $800 each to fund Christmas gifts, holidays and celebrations, according to recent research from ASIC’s Moneysmart. ...
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Survey reveals critical lack of tax knowledge among professionals Tax professionals lack thorough tax education with 72 per cent revealing their university degree left them underprepared, according to the Tax Institute. ...
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SMEs set to face 7 major challenges in 2025, research reveals Tighter employee laws, increased competition and cyber attacks are among the seven challenges SMEs are set to face in 2025, according to Small Business Loans Australia. ...
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ATO cracks down on advisers abusing tax breaks for start-ups Advisers are exploiting the early-stage investor tax offset through dodgy circular financing arrangements, the ATO has warned in a recent alert. ...
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ATO to home in on incorrect tax residency claims The Tax Office has revealed a proportion of private group taxpayers were found to be incorrectly lodging as non-residents instead of lodging as residents. ...
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