Tax

Government’s super tax reforms ‘modestly’ reduce tax concessions: Assistant...

Assistant Treasurer Stephen Jones has said it is a fairer outcome if the government “modestly” reduces tax concessions...

31 October 2024 • By Keeli Cambourne

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Regulation

TPB to set higher bar for top end of town with code changes

The TPB says it will adopt a pragmatic approach for smaller firms in response to the code changes while expecting a...

30 October 2024 • By Miranda Brownlee

Appointments

CA ANZ appoints new chief economist

The professional body has announced the appointment of its new chief economist, Professor Richard Holden.

30 October 2024 • By Imogen Wilson

Business

Growing credit reliance reaches ‘concerning’ levels, data reveals

Persistent economic challenges have led to increased reliance on credit in the hospitality and retail sectors,...

30 October 2024 • By Imogen Wilson

Business

SME challenges to be left in ‘rear-view mirror’: NAB

The first cash rate cut will signify the start of a series of significant improvements in SME conditions, according to...

30 October 2024 • By Imogen Wilson

Super

Anti-money laundering reforms need whole-of-government approach: SMSFA

The SMSF Association has urged the government to take a whole-of-government approach to consider all current and...

30 October 2024 • By Keeli Cambourne

Regulation

Application of Section 15 will be ‘rare for most practices’, says TPB

The TPB has sought to assure practitioners that the requirement to report false or misleading statements is unlikely...

29 October 2024 • By Miranda Brownlee

Tax

Tax fraud crimes to be repaid with diamonds: AFSA

An auction of luxury goods forfeited in Operation Elbrus is set to filter millions of dollars back into Australia,...

29 October 2024 • By Imogen Wilson

Business

Tougher illicit tobacco penalties to ensure ‘responsible’ SMEs

The NSW Small Business Commissioner has welcomed stronger enforcement against illegal tobacco sales.

29 October 2024 • By Imogen Wilson

Business

ScotPac SME growth index reveals positive picture for Qld SMEs

Queensland SMEs have surged to the top of national rankings for projected business growth.

29 October 2024 • By Imogen Wilson

Business

TPB puts 7k tax agents on notice over outstanding debts, lodgments

Tax practitioners with outstanding obligations have been warned to get their tax affairs in order with the ATO and TPB...

28 October 2024 • By Miranda Brownlee

Regulation

Canberra unveils major $14.7m scam compensation pathway

The funding package will expand AFCA’s remit to act as a “single door” of redress for victims.

28 October 2024 • By Christine Chen

Tax

1 in 3 crypto owners confused about tax, study reveals

Australian cryptocurrency owners need to be aware of their profits and whether they incur tax, experts have warned.

28 October 2024 • By Imogen Wilson

Business

Xero appoints new managing director

The software firm has announced Angad Soin as its new managing director for Australia and New Zealand, effective...

28 October 2024 • By Imogen Wilson

Regulation

TPB issues draft guidance on Code Determination

The Tax Practitioners Board has released draft policy guidance on the Code Determination for tax agents and is seeking...

24 October 2024 • By Miranda Brownlee

Business

Accounting firms advised on starting points for tackling TASA changes

Updating engagement letters, improving due diligence with new clients and capacity planning are some of the areas...

25 October 2024 • By Miranda Brownlee

Business

Businesses ghosting the ATO targeted in debt collection blitz

Clients failing to engage must “act now” or face rapid escalation of enforcement action, the Tax Office has warned...

25 October 2024 • By Christine Chen

Regulation

FWO forces big business to hand back $473m in unpaid wages

The watchdog also secured a record $21.2 million in court-ordered penalties in the past financial year.

25 October 2024 • By Christine Chen