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‘Uniform approach’ critical for resolving interstate EPOA issues, says barrister
Australian states must adopt a standard form for enduring powers of attorney to resolve the intestate issues plaguing accountants, lawyers and their clients, legal expert...
Reserve Bank reveals latest cash rate decision
The RBA has kept rates on hold again as its grapples with the combination of slowing growth, rising unemployment and falling inflation.
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HeirWealth partnership to streamline intergenerational wealth management
The fintech company has partnered with Envestnet Yodle to provide a more efficient process for transferring intergenerational wealth.
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Government unveils details of Division 296 tax for defined benefit interests
Treasury has released draft regulations outlining the calculation of the Division 296 tax for defined benefit interests.
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Super Clearing House change to impact small businesses, SMSFs
A major update to the SBSCH means perfect alignment between employees’ super details and those recorded by the ATO will be critical, says the SMSF Association.
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Beware of ‘quirks’ in draft GST ruling, cautions tax expert
The ATO has changed its position on certain timing aspects for claiming input credits in a recent draft ruling, says Accurium.
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Canberra to create $8m ‘one-stop-shop’ small business cyber service
The government's program will build digital resilience and provide support in the immediate aftermath of an attack at no cost to victims.
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Aussie practices can learn from lucrative branding strategies in US
Accounting firms in the US are rebranding as digital tech start-ups and reaping millions of dollars in funding, says businessDEPOT director Lielette Calleja.
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Pitcher Partners Sydney adds 2 new audit partners
The firm says it is tailoring its efforts to cater to clients who are "seeking alternatives" to the big four firms.
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ATO’s client-agent linking a threat to system integrity: IGTO
Tax ombudsman Karen Payne has criticised the byzantine design and implementation of the process, throwing her support behind calls for an overhaul.
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Grant Thornton makes job cuts to management consulting group
Chief executive Greg Keith cited “ongoing challenges within the retail market” as contributing to the redundancies.
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ASIC acts against 15 auditors over in-house audit concerns
The Corporate Regulator has taken action against 15 auditors following a review into audit firms conducting both accounting and auditing work for SMSF clients.
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BDO bolsters audit and advisory teams with new partners
The mid-tier firm has appointed two new partners to expand both its audit and infrastructure advisory teams.
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PwC axes over 300 jobs in major restructure
The firm will make 329 roles redundant and accelerate the retirement of up to 37 partners as it moves in a new strategic direction.
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Full Federal Court rejects ATO’s anti-avoidance ruling
In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger the Part IVA anti-avoidance rules.
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Former ATO employee jailed for accepting bribes
A former Tax Office employee has been sentenced after accepting bribes for reducing millions of dollars in tax debts.
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AFSA’s positive discrimination makes inroads for female trustees
The intervention to attract more women into the conservative profession dominated by men is working, according to CEO Tim Beresford.
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Invoice defaults climb to record highs: CreditorWatch
Payment defaults from business-to-business transactions are at record highs despite a slight improvement in conditions, recent data shows.
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Blame game erupts over ATO’s client-agent linking
Widespread confusion caused by the process shows something has gone wrong, but tax agents, professional bodies and the Tax Office are at odds with where to point the fing...
Allowing super for housing would ‘inflame’ market, warns SMC
Enabling super members to use retirement savings to buy a house could unleash a price rise of nearly $75,000 in capital cities, new modelling shows.
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