Tax

1 in 3 crypto owners confused about tax, study reveals

Australian cryptocurrency owners need to be aware of their profits and whether they incur tax, experts have warned.

28 October 2024 • By Imogen Wilson

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Business

Accounting firms advised on starting points for tackling TASA changes

Updating engagement letters, improving due diligence with new clients and capacity planning are some of the areas...

25 October 2024 • By Miranda Brownlee

Business

Businesses ghosting the ATO targeted in debt collection blitz

Clients failing to engage must “act now” or face rapid escalation of enforcement action, the Tax Office has warned...

25 October 2024 • By Christine Chen

Regulation

FWO forces big business to hand back $473m in unpaid wages

The watchdog also secured a record $21.2 million in court-ordered penalties in the past financial year.

25 October 2024 • By Christine Chen

Tax

Proposed GIC deduction changes cop further backlash

Reforms to remove deductions for the general interest charge will disproportionately impact small businesses already...

24 October 2024 • By Miranda Brownlee

Regulation

ATO taskforces continue illicit tobacco hunt with 27 warrants

Eight people from Victoria have been charged with Commonwealth offences for involvement in an illicit tobacco...

24 October 2024 • By Imogen Wilson

Business

Government to further extend SME cyber support

The Albanese government has announced the launch of the Small Business Cyber Resilience Service.

24 October 2024 • By Imogen Wilson

Business

PCG 2024/D2 fails to reflect ‘commercial reality’, joint bodies warn

Many of the examples included in the ATO’s draft guidance on personal services businesses and Part IVA do not reflect...

23 October 2024 • By Miranda Brownlee

Business

Taxpayers put on notice over last-minute returns

Individuals are more likely to cut corners and fall victim to fraudsters as the October deadline nears, CPA Australia...

23 October 2024 • By Christine Chen

Business

Ban on interest charge deductions may deter tax compliance: expert

Treasury’s crackdown on GIC and SIC deductions could hurt small firms and discourage engagement with the ATO,...

23 October 2024 • By Christine Chen

Business

Companies Auditors Disciplinary Board adds 3 new members

The government has announced the appointment of three part-time accounting members to the Companies Auditors...

23 October 2024 • By Imogen Wilson

Regulation

ATO continues debt recovery actions against GST fraudsters

The ATO has raised just under $2 billion in liabilities related to fraudulent GST refunds as part of Operation Protego...

22 October 2024 • By Miranda Brownlee

Super

Timing of asset sales critical with impending Div 296 tax: specialist

Timing the sale of assets is critical to take advantage of tax opportunities, especially in the event of the Division...

22 October 2024 • By Miranda Brownlee

Business

Dissatisfaction with ATO systems ‘the highest in a decade’, IGTO told

Tax agents are deeply dissatisfied with the ATO's processes and responsiveness across all taxpayer segments, according...

22 October 2024 • By Imogen Wilson

Business

Research reveals consumer spending preferences for holiday season

SME businesses should prepare for an increase in online shopping this holiday season, according to recent research.

22 October 2024 • By Imogen Wilson

Business

ASIC swoops on dodgy directors with collapsed companies

The corporate regulator has warned it is taking tougher action against directors who avoid tax, fail to lodge tax...

21 October 2024 • By Miranda Brownlee

Tax

Controversial ‘Airbnb tax’ set to become law

A levy on short-stay accommodation bookings will apply from next year after being passed by the Victorian parliament.

21 October 2024 • By Christine Chen

Business

Perks and GPK Holdich join forces to bolster expertise

The Adelaide-based accounting and financial services firm has announced the acquisition of GPK Holdich.

21 October 2024 • By Imogen Wilson