Login
iscover
News
Revised NALE rules ‘miss chance to clarify SMSF bugbear’
The ATO will need to help trustees work out when an arrangement is internal to the fund for the purposes of non-arm’s length expense rules, says NTAA.
...
Carbon boosts Perth presence with Ezetax takeover
The group’s aggressive expansion strategy has almost tripled its headcount in 12 months.
...
Directors on the hook for cyber security, ASIC warns
Repelling attacks is just the start – businesses must demonstrate an ability to respond or the board will be held accountable, the regulator says.
...
Family businesses ‘fret over cash flow, but optimistic for growth’
The economy determines the number one challenge facing family businesses, a Grant Thornton survey finds, closely followed by staff and succession planning.
...
CIMA, CPA Australia renew reciprocal membership accord
Subject to passing an exam, any member of one body qualifies to join the other.
...
Give TPB power to sanction wayward firms: IGTO
Improve the board’s access to tax data and expand its ability to punish, says the Inspector General of Taxation and Taxation Ombudsman.
...
Fear prevents businesses on the brink from calling in SWAT squad
Scared of losing control or the cost, directors delay reaching out to turnaround experts says specialist Michael Fingland. But another reason stands above all others: ove...
Professional profits guidance a ‘blunt tool’ for assessing risk
Arrangements that fail to satisfy a gateway or fall into the higher risk zone under PCG 2021/4 may increase audit risk but will not necessarily be Part IVA, says a specia...
Vincents targets advice specialty at Qld start-ups
The brainchild of an undergrad accountant, the initiative will offer an “all-encompassing” advisory service to early-stage tech companies.
...
$20k instant asset write-off to get 1-year extension
The amendment will hold off the threshold reverting to $1,000 until June 30 next year.
...
ATO, myGovID, banks, telecoms to rely more on facial recognition
Identity verification laws introduced this week will allow data matching systems to be developed by the Attorney-General’s Department.
...
Qld retreats from payroll tax on medical centre GPs
Treasurer promises ruling next week to confirm patient-to-GP payments will avoid the levy.
...
Unusual investments driving SMSF audit delays, compliance risks
An increase in complex and related-party investments by SMSFs is slowing down the audit process and increasing the risk of SIS compliance problems, according to a promine...
ATO interest charges soar to highest level since GFC
The general and shortfall rates for late tax payments rise for the eighth quarter in a row.
...
CA ANZ pushes Canberra to address ‘critical accountant shortage’
The government must prioritise funding for accounting and finance courses with recent data indicating that accountant shortages are worsening, the accounting body says.
...
Business activity hits 7-year low, key indicators tumble
The latest data from CreditorWatch predicts rising insolvency rates over the next year, with food and beverage companies most at risk.
...
Perks private wealth operation teams up with Frontier Advisors
The agreement will deliver “institutional grade” investment research to the firm’s clients.
...
Division 7A loans a looming crisis, accountants warned
Accountants must proactively address their clients’ Division 7A loans with the interest rate jumping 73 per cent this financial year, says ChangeGPS.
...
BDO audit partner banned until 2024 after botched financial report
The mid-tier firm says it will “fully support” its long-time partner after he failed to obtain reasonable assurance a financial report was free from material misstate...
Tassie firm aspires to become the ‘Xero of carbon accounting’
Software start-up Sumday is helping accountants from suburban practices to big four firms grapple with tallying their clients’ emissions.
...
Page 60 of 158
