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ATO responds to raft of inquiries on Bendel decision
The Tax Office has ruled out granting a blanket extension of time for lodgements by companies affected by the recent Bendel decision.
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IGTO releases shortlist of potential review areas for 2025–26
The proposed list includes topics such as the ATO’s management of general interest charge remission, payday super readiness and the ATO’s online services for agents.
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ATO to provide regulatory update at ACE25 Accounting Conference & Expo
Sonia Corsini, assistant commissioner at the ATO, will deliver a session outlining its key compliance activities and focus areas for the next financial year at ACE25.
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Young professional urges society to ditch accountant stereotype: ‘old, pale, stale’
The accounting profession is often portrayed in a negative light, which contributes to the talent shortage, the founder of Firm Ready has said.
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Barrister facing suspension accused of tax failures
A Western Australian barrister fighting to hold onto her practising certificate has been accused of failing to comply with tax obligations and lying to a major bank on a ...
Labor’s crackdown on financial abuse and tax debts welcomed
The joint accounting bodies have welcomed Labor's pledge to clamp down on perpetrators who create tax debts in their partner’s name.
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Coalition unveils new tax incentives as part of small business package
The party has released further details on its plans for small and family businesses, including a tapered tax offset for new businesses and a $2,000 tax deduction for tech...
Tax Office issues fresh warning on in-house audits
Recent data matching activities by the ATO has identified hundreds of SMSF auditors who may still be conducting in-house audits, the Tax Office has cautioned.
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ATO to appeal ART decision on truck driver’s meal expenses
The Commissioner of Taxation has filed a notice of appeal in the Federal Court against a decision concerning deductions for meal expenses.
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ATO to increase fixed rate for working from home expenses to 70c
The ATO will increase the fixed rate for calculating working from home expenses to 70 cents per hour from 1 July 2024.
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TPB reveals top breaches reported under the dob-in obligations
The board has outlined the common code items reported so far and assured practitioners that no “frivolous or vexatious” reports have been received.
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ASFA proposes tax policies for strengthening super sector
The superannuation body has urged the incoming government to reform superannuation tax policies to strengthen fairness, enhance universality and invest in national priori...
Antique goods land GST fraudster with prison sentence
A Melbourne man has been sentenced to two years and 11 months behind bars after obtaining fraudulent GST refunds through a fake staircase and antique company.
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Industry groups urge major parties to rule out taxing unrealised gains
A coalition of industry groups are calling for both Labor and the opposition to “immediately and unequivocally rule out any move to tax unrealised investment gains in a...
$1k deduction to eliminate hours of ‘low-margin, high-risk work’, accountants say
Accountants have voiced their support for Labor’s $1,000 standard deduction following criticisms against the measure by accounting bodies.
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CA ANZ throws support behind Coalition’s plans for accountants in advice
The peak accounting body has strongly backed the Coalition’s “promises” around financial advice deregulation, though it noted it needs to hear more details.
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ATO VIPER taskforce arrests 14 people in latest illicit tobacco blitz
Fourteen people have been arrested following the uncovering of $4.8 million worth of illicit tobacco during an ATO VIPER Taskforce investigation.
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ASFA’s land tax analogy and Div 296 ‘falls short’: industry leader
Remarks by ASFA chief executive Mary Delahunty that the Division 296 tax is similar to land tax “simply doesn’t hold”, a leading industry figure has said.
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Labor’s standard deduction may expose taxpayers to ‘future tax consequences’
The $1,000 instant deduction could see taxpayers miss out on critical conversations with their accountant, exposing them to potential tax issues in the future, accounting...
IFPA calls for refinements to payday super legislation to ease small business burden
Payday super legislation will be a “game changer” for all Australians but further amendments must be made to ensure effective implementation, professional bodies have...
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