Tax

CPA welcomes push to make instant asset write-off permanent

The Coalition has circulated amendments in the Senate to make the instant asset write-off permanent.

20 September 2024 • By Miranda Brownlee

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Tax

ATO cautions business owners on ‘misconception with PSI’

Splitting or diverting personal services income to gain a tax advantage is likely to be considered tax avoidance, the...

19 September 2024 • By Miranda Brownlee

Super

Treasurer unveils design details for payday super

The government has released further details about the design of its payday super policy including an updated super...

19 September 2024 • By Imogen Wilson

Super

New initiative aims to make super ‘impenetrable’ to cyber crime: ASFA

The peak super body has announced the launch of an initiative aimed at bolstering the super sector’s defences against...

19 September 2024 • By Imogen Wilson

Technology

Finalists revealed for first-ever Momentum Media Australian AI Awards 2024

Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural...

19 September 2024 • By Miranda Brownlee

Business

ATO urges workers to claim $17.8bn in lost super

Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021.

18 September 2024 • By Christine Chen

Technology

Xero to buy reporting app Syft Analytics for US$70m

The acquisition of the South African-based financial reporting platform is expected to improve Xero’s accounting...

18 September 2024 • By Christine Chen

Business

SMEs looking to increase asset investment, CBA data reveals

Small businesses are planning to increase their asset investment and operations despite a slower economy, according to...

18 September 2024 • By Imogen Wilson

Business

ASBFEO calls for national recognition of family-owned SMEs

The small business advocate encourages all Australians to acknowledge and celebrate National Family Business Day to...

18 September 2024 • By Imogen Wilson

Business

ATO to pilot new initiatives for small business

The Tax Office plans to encourage more frequent payment and reporting from small business and explore tools such as a...

17 September 2024 • By Miranda Brownlee

Appointments

Taylor David appoints insolvency specialist as partner

The financial services, insolvency, and restructuring law firm has appointed international insolvency expert, Michael...

17 September 2024 • By Imogen Wilson

Regulation

Consistent definitions critical for scam prevention legislation, warns BDO

BDO’s forensic services experts have welcomed draft legislation to establish a new scam prevention network but have...

17 September 2024 • By Imogen Wilson

Appointments

RSM Australia announces several appointments to Perth branch

RSM Australia has made eight appointments at its Perth branch to bolster its business advisory, agribusiness,...

17 September 2024 • By Imogen Wilson

Regulation

Businesses to face $50m fines under new anti-scam laws

The government has proposed a raft of obligations for banks, telcos, and social media platforms to protect consumers.

16 September 2024 • By Christine Chen

Regulation

Perth man who spent $378k in fake GST refunds jailed

It is the latest conviction for the ATO’s Operation Protego, a crackdown on widespread GST rorts promoted on social...

16 September 2024 • By Christine Chen

Tax

Tax laws trap domestic abuse survivors in debt cycles, expert warns

A UNSW professor has called for reform after 80 per cent of female clients at the campus tax clinic reported abuse.

16 September 2024 • By Christine Chen

Tax

Accounting bodies must continue ‘loud approach’ to policy development: Julie...

Former minister Julie Bishop said tax reform will only be improved at the government level when there is greater...

16 September 2024 • By Imogen Wilson

Super

Payday Super to require major overhaul of super system and processes, warns ICB

Without significant changes to platforms and regulations, the shift to payday super could be a disaster waiting to...

13 September 2024 • By Miranda Brownlee