Tax

ATO warns businesses on looming TPAR deadline

The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9...

26 August 2024 • By Miranda Brownlee

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Regulation

ASIC sharpens focus on greenwashing, super misconduct, AI

The watchdog’s new priorities aim to keep pace with rapid technological changes, demographic shifts, and increasing...

23 August 2024 • By Christine Chen

Tax

‘Unjust’ foreign resident CGT changes could spook investors

Complex reforms broadening the regime without a transitional period make Australia a less attractive destination for...

23 August 2024 • By Christine Chen

Business

Upcoming election to bring tax system ‘back in focus’: Tax Institute

Debate around the sustainability of the tax system is likely to heat up as the federal election draws closer, says The...

23 August 2024 • By Miranda Brownlee

Super

SMC calls for ‘swift’ legislation of parental leave scheme

The Super Members Council has urged the government to swiftly legislate the bill to pay super on paid parental leave...

23 August 2024 • By Imogen Wilson

Regulation

ATO expands guidance on promoter penalty laws after new legislation

The Tax Office has revised its practice statement on the application of the promoter penalty laws following the...

22 August 2024 • By Miranda Brownlee

Regulation

Tax agent and client hit with 5-year sentences for ‘cheating tax system’

A former tax agent and client have been sentenced to a combined 10 years and six months’ imprisonment for refund fraud...

22 August 2024 • By Imogen Wilson

Business

Australian businesses face cash flow and credit challenges, survey reveals

Australian SMEs are dissatisfied with their current working capital and large businesses are struggling to access...

22 August 2024 • By Imogen Wilson

Business

KPMG to provide $33k to the Griffith Tax Clinic

The big four company announced it will provide the Griffith Tax Clinic with $33,000 in funding to supplement critical...

22 August 2024 • By Imogen Wilson

Business

Is it time to talk about quotas in financial services?

An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas...

20 August 2024 • By Miranda Brownlee

Regulation

Funding, resource shortages threaten TPB oversight

A growing workload from new obligations and the PwC probe strains the small regulator’s limited resources.

21 August 2024 • By Miranda Brownlee

Regulation

Government urged to exempt small firms from TPB reforms

The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.

21 August 2024 • By Christine Chen

Business

ABA calls for extension of SME loan exemption

The professional body has urged Treasury to extend the small-business responsible lending obligations exemption to...

21 August 2024 • By Imogen Wilson

Regulation

Lawyer to stand trial for alleged money laundering scheme

A prominent lawyer and an accountant are due to face a Supreme Court trial on money laundering charges.

20 August 2024 • By Miranda Brownlee

Regulation

Constant regulatory change threatens ‘future pipeline of tax profession’: SMSFA

Tax professionals are being hit with significant and cascading regulatory changes that are leaving them overwhelmed,...

20 August 2024 • By Miranda Brownlee

Technology

‘Stop, check and report’ scams, regulators warn

The Tax Office and ASIC have reminded businesses to stay cautious and vigilant towards suspicious cyber activity for...

20 August 2024 • By Imogen Wilson

Super

Joint bodies fight for crucial changes to $3m super tax bill

Industry associations continue their push for amendments to be made to the $3 million super tax bill after independent...

20 August 2024 • By Miranda Brownlee

Regulation

Unregistered tax preparer fined $1.8m for record TASA breaches

Sydney accountant Jayden Van Dyke illegally prepared 3,359 returns over four years.

19 August 2024 • By Christine Chen