Regulation

TPB releases draft guidance on breach reporting obligations

The draft guidance aims to address the uncertainty and confusion surrounding the upcoming breach reporting obligations.

01 May 2024 • By Miranda Brownlee

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Appointments

BGL announces spate of promotions to drive growth

Software firm BGL has made four key appointments to bolster its strategic growth and foster innovation.

29 April 2024 • By Miranda Brownlee

Business

ATO reports spike in errors with clearance certificates

The Tax Office is seeing mistakes being made with applications for clearance certificates for property purchases.

29 April 2024 • By Miranda Brownlee

Tax

Budget tipped to deliver tax breaks for business investment

BDO has highlighted the need for the federal budget to bring additional tax deductions rather than simply accelerated...

30 April 2024 • By Miranda Brownlee

Tax

ATO’s systems vulnerable to tax fraud, IGTO report cautions

The IGTO has found the ATO’s controls for preventing fraud inadequate, with fraudsters managing to lodge fraudulent...

30 April 2024 • By Miranda Brownlee

Business

PwC reveals new corporate strategy; former CEO Stubbins goes it alone

PwC Australia’s new corporate strategy is all about business reinvention; six months after her ousting, former chief...

29 April 2024 • By Christine Chen

Tax

Australians hit with biggest income tax increase in OECD

A 7.6 per cent spike in 2022–23, brought on by bracket creep and the end of the LMITO, has affected low- and...

29 April 2024 • By Christine Chen

Business

Family preferred to accountants for money advice, survey finds

Gen Z and Millennials are ditching the professionals and turning to mum and dad for advice and financial help,...

29 April 2024 • By Christine Chen

Tax

Top adviser calls for end to tax system tinkering in federal budget

When trust taxation, residency, Division 7A, and FBT issues even have accountants confused, it shows wholesale changes...

29 April 2024 • By Christine Chen

Regulation

Government shirks big 4, senator calls for government consulting revamp

Senator Barbara Pocock has called for reforms to government consulting engagements as the Department of Finance...

24 April 2024 • By Miranda Brownlee

Business

Higher-than-expected inflation figures to delay rate cuts, say economists

An interest rate cut is unlikely to occur until next year now with the consumer price inflation data for March above...

25 April 2024 • By Miranda Brownlee

Super

ATO issues alert to SMSFs on crypto scams and losses

The Tax Office is seeing instances of funds reporting losses with crypto investments due to scams and collapsed...

25 April 2024 • By Miranda Brownlee

Tax

AAT upholds ATO decision on self-education expenses

The tribunal has dismissed an appeal relating to self-education expenses claimed as deductions by a dental technician.

25 April 2024 • By Miranda Brownlee

Business

Q1 hiring boom spurs small business recovery: Xero

Latest data shows March recorded the largest rise in jobs since October 2022.

24 April 2024 • By Christine Chen

Tax

CGT, negative gearing reform could save $60bn, analysis finds

Modelling for proposals to dial back property tax concessions finds billions could be freed up every year to address...

24 April 2024 • By Christine Chen

Tax

‘Take advantage of deductions’ ahead of tax cuts, tax expert advises

Accountants should look for opportunities to bring forward deductions and apply them to this year’s income ahead of...

24 April 2024 • By Miranda Brownlee

Technology

Prospa integration to streamline business finance

Small business lender Prospa has integrated its Prospa Business Account with Xero to reduce administration for SMEs.

23 April 2024 • By Miranda Brownlee

Business

QuickBooks, GoCardless launch integration to alleviate cash flow crisis

Intuit QuickBooks and GoCardless have announced an integration that will assist its quarter of a million SMB customers...

22 April 2024 • By Miranda Brownlee