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ATO’s adviser strategy zeroes in on late-paying partners
Private, wealthy professional advisers are less compliant than the ATO had expected and are therefore being targeted by the avoidance taskforce.
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Guide to business resilience launched amid rising insolvencies
Vantage Performance and CreditorWatch have released a guide for assisting businesses to put resiliency plans in place.
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Tax Office targeting DPNs at directors with high-value assets
The ATO is increasingly using data-matching tools to identify which directors have the assets to meet director penalty notices, according to an insolvency firm.
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Former accountant pleads guilty to stealing from clients
Damien Luscombe pled guilty to making fraudulent transactions from client accounts at the Victorian County Court last week.
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Don’t get distracted by PwC’s reforms, senator warns
PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator O’Neill has said.
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ATO welcomes SGSP Australia Assets settlement as win for taskforce
The settlement resolves a dispute relating to SGSPA Australia’s $800 million convertible instruments.
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ATO pays businesses $150 to vent on client-agent linking
The Tax Office plans to hold a series of paid consults with taxpayers who have recently been through the revised system, according to a letter sent out to agents last wee...
First-ever Women in Finance Network Lunch launches
As the world celebrates International Women’s Day today, Accountants Daily is proud to host the first-ever Women in Finance Network Lunch later this month.
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Unregulated, aggressively profit-driven: Senator speaks on the big 4
In an exclusive interview, Senator Barbara Pocock shares insights from the inquiries into the big four consulting firms.
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Labor pledges to pay super on parental leave
After years of lobbying and broken promises, Labor has announced plans to pay super on paid parental leave entitlements by mid-2025.
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ATO ruling flags common audit traps for self-education claims
Tax ruling TR 2024/3 outlines a common range of situations where self-education expenses will be denied or apportioned, the NTAA warns.
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ATO's SMSF crackdown sees 149 trustees disqualified
The Tax Office says it will continue to take “firm action” against those who persistently fail to meet their obligations.
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ATO issues $23m in assessments after latest ESST raids
The Tax Office has conducted raids on 17 premises in the past two weeks as part of its continued crackdown on electronic sales suppression tools.
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RACGP calls for clarity on payroll tax promise in Tasmania
The Royal Australian College of GPs is urging the Tasmanian Liberals to match the opposition’s commitment to a full exemption on payroll tax for GPs.
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Tax agent cops 5-year ban for failing tax obligations
The TPB imposed the ban after the agent failed to comply with their tax obligations as both an individual and director of multiple entities.
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Terminations under new Code items pose ‘legal consequences’, TPB warned
Tax practitioners should be given additional time to comply with the disqualified entity requirements given the potential legal and financial impacts of terminations, maj...
Ignition integrates with MYOB to automate invoicing, reconciliation
The two Australian accounting software platforms team up to automate invoicing, fee collection and reconciliation processes for businesses.
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PwC ousted acting CEO Kristin Stubbins ‘against her will’, inquiry hears
Senators say her treatment was the “classic story” of a woman being promoted to a leadership role during a crisis, only to be replaced after cleaning up the mess.
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‘Meaningful’ penalty regime needed to deter misconduct, says senator
The failure of PwC to make any reports to CA ANZ about the Peter Collins matter demonstrates major flaws in self-reporting models, according to senators.
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Personal insolvencies continue to soar in early 2024
Personal insolvencies increased by almost a third in January compared with the same period last year, according to the latest AFSA data.
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