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ATO steps up data-matching to snare late super payments
STP 2 and more sophisticated software enables the Tax Office to monitor payments quarter by quarter, a technical expert cautions.
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CPA Australia appoints president, shakes up board
Veteran academic and board director Dale Pinto succeeds Merran Kelsall.
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Experts call for rate cut after RBA decision
“A rate decrease would be a welcome Christmas present,” said one expert.
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Voice can enhance accounting profession, talent pool: CA ANZ
CA ANZ is the only accounting body to publicly support the Yes vote for the Indigenous Voice to Parliament.
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AAT decision overturns ATO ruling on trusts and Div 7A
Thousands of trusts have fallen into line with the Tax Office’s position that an unpaid present entitlement to a company constitutes a loan.
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Bullock brings steady hand to debut as RBA governor
Economic uncertainty persists but the RBA believes inflation will continue on a downward trend.
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Draft law for $3 million super tax reveals exemption details
The additional tax on large balances contains provisions for child recipients, structured settlements and deceased members.
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Online lodgement deferral system a hit with users, ATO says
All applications must now been done via the office website and most agents had already switched over prior to the deadline.
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SMSFA urges government to remove active member test
Residency of a fund should be determined on the same principles as all other entities for income tax purposes, the body says.
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Tech, skills boosts contain sting in tail for shareholders
The 20 per cent bonus deductions reduce the tax liability for a small business but can mean dividends arrive less than fully franked, tax specialist says.
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Listen and be curious: how to help clients from different cultures
Asking questions and listening are paramount to servicing clients from diverse cultural backgrounds, according to an executive.
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ATO raises $40m from crackdown on sales suppression tools
Retail and hospitality businesses using the technology should give themselves up or face the consequences, it says.
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‘Expand FBT break to EV chargers, solar panels, batteries’
Removing upfront costs of switching from petrol to electric could increase EV take-up, says management consultant.
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Financial controls ‘best defence for unfair fight with cyber crimes’
As digital outlaws become more sophisticated, controls that detect and prevent unauthorised activity can put businesses on the offensive, says Eftsure.
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Revenue to slump 12% in gloomy outlook for retailers
Data from Airwallex and the ABS show shoppers slashing spending ahead of the holiday period.
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ATO works hard to fix ‘flaw’ in client linking system
Inadvertent disconnection of a BAS agent will become a source of frustration and inconvenience under the revised procedure, bookkeepers say.
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Privacy Act to take in small businesses
Operations with an annual turnover of $3 million or less will no longer be exempt after the government accepts review proposals.
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KPMG caught using secret ‘power maps’ to secure Canberra contracts
Senators blasted KPMG's CEO for lying and breaching public trust after he denied his firm targeted officials based on their influence and relationship.
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Auditor suspended for 3 years for professional failings
ASIC says he failed to obtain sufficient evidence of money held by a broking services firm in which the director was subsequently charged with misusing $35 million in cli...
Switkowski exposes flaws in PwC’s results-focused culture
Excessive CEO power, a flawed governance model and an attitude that “revenue is king” undermined trust built up over decades, the review says.
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