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TPB sheds light on required standards for breach reports The Tax Practitioners Board has clarified that practitioners are not required to report breaches where a claim is based solely on hearsay or simple opinions. ...
Treasurer slams Coalition’s $20k ‘long lunch’ tax deduction Jim Chalmers has hit out at the opposition’s proposed $20,000 tax deduction for meal and entertainment expenses, labelling it a waste of taxpayer money.  ...
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TPB provides clarity on timeline for reporting breaches The regulator has clarified how the breach reporting obligations operate in relation to the start date. ...
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William Buck announces new chair for Australia and New Zealand Greg Travers, who has been with the firm for 25 years, has been appointed chair of William Buck Australia and New Zealand. ...
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Coalition vows to repeal Div 296 The Coalition would repeal the Division 296 tax if it passes into law before the election. ...
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Moore Australia announces 3 promotions across network Accounting firm Moore Australia has announced the promotions of Chris Dickie, Natasia Capaldo and Jackie Slarks. ...
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FSC pushes for systemic tax reform ahead of election The Financial Services Council is calling for lower corporate tax rates and for the composition of Australia’s taxes to be rebalanced. ...
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Small firm accountants face major barriers to auditor registration Requirements heavily geared towards large audit firms are making it near impossible for accountants from smaller firms to become registered as company auditors, a practic...
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Accounting bodies continue fight against GIC deduction changes Making the general interest charge non-deductible would unduly penalise taxpayers who have made honest mistakes in their returns, accounting bodies have warned.  ...
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Government announces reappointment for Board of Taxation Andrea Laing has been re-appointed as a part-time member of the Board of Taxation for a three-year term. ...
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FBT, GST complexities flagged with $20k deduction proposal Careful consideration of how the Coalition’s proposed $20,000 business deduction interacts with fringe benefits tax and other tax laws will be crucial if the policy pro...
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CBA launches SME cash flow management course Australian small businesses continue to face barriers, with 80 per cent of SMEs experiencing cash flow challenges. ...
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COSBOA issues workplace law change reminder for SMEs The small business advocate has flagged important upcoming changes to workplace laws set to be effective this year. ...
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Loan industry flatlines amid sluggish economic activity Small business loan activity has remained stagnant across 2024 due to negative business conditions and confidence, according to Banjo Loans. ...
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NSW business confidence remains subdued despite uptick NSW has experienced a slight shift in small business confidence, increasing by 4 percentage points. ...
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Accountants ‘ideally placed’ to fill a limited advice gap There is no reason accountants couldn’t fill the same role in financial advice as the proposed new class of adviser, according to an industry expert, but moving beyon...
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COSBOA welcomes Coalition’s $20k tax deduction proposal The Coalition has announced a proposed $20,000 tax deduction for business-related meal and entertainment expenses ahead of the upcoming election.   ...
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'Punitive' GIC changes may trigger business failures, warns Tax Institute The Tax Institute has called for adjustments to the proposed changes around general interest charge deductions. ...
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ATO issues practice inbox reminder for tax professionals The Tax Office has reminded tax professionals to check their practice inbox, as well as their assigned inbox. ...
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Australia records 52% drop in scam losses, data reveals Australia’s overall scam losses have begun to trend downward over the past 12 months, according to a recent BDO report. ...
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