Business

SME Bootcamp returns in 2024

Registrations have opened for the SME Bootcamp – a free summit that could transform the way accountants and brokers...

13 June 2024 • By Miranda Brownlee

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Business

PwC inquiry calls for major review into large partnerships

The committee has delivered its final report for the consulting firm inquiry, calling for a review of partnership...

12 June 2024 • By Miranda Brownlee

Business

Small businesses ‘overwhelmed’ by EOFY tax compliance, survey finds

Misplacing important documents and receipts and forgetting to claim deductions are the most common problems, Xero says.

12 June 2024 • By Christine Chen

Tax

Landlords who ‘double dip’, fudge deductions in ATO crosshairs

The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.

12 June 2024 • By Christine Chen

Tax

City Beach founders win tax battle with ATO over $52m restructure

A selective capital reduction to extinguish Division 7A loans that raised the Tax Office's eyebrows was not a “sham”,...

12 June 2024 • By Christine Chen

Regulation

CA ANZ course accreditation renewed by education body

The accreditation with TEQSA allows it to award the chartered accounting graduate diploma and offer FEE-HELP loans to...

12 June 2024 • By Christine Chen

Super

Check in-house assets before 30 June, trustees reminded

Before 30 June, SMSF trustees need to check the level of any in-house assets to ensure they haven't exceeded the 5 per...

10 June 2024 • By Keeli Cambourne

Tax

Tax time confusion spikes among small business owners, survey shows

Recent research indicates that a growing proportion of small business owners find the tax system and the process of...

10 June 2024 • By Miranda Brownlee

Business

Retail business failure rate highlights ongoing challenges for sector

Retail businesses are struggling to stay afloat, with failure a common theme amongst many of them in the past year,...

11 June 2024 • By Jack Campbell

Super

LRBAs under fire as super legislation debate continues

The introduction of the $3 million super tax has sparked a fresh debate about limited recourse borrowing arrangements,...

11 June 2024 • By Keeli Cambourne

Tax

Lost receipts to cost SMB owners $948m in unclaimed expenses

SMB owners are expected to miss out on claiming an estimated $948 million in unclaimed expenses due to damaged or lost...

11 June 2024 • By Miranda Brownlee

Tax

Victoria’s new tax regime to ‘significantly impact’ commercial propery

The new commercial and industry property tax is a complex regime that will impact cash flow and returns, a specialist...

10 June 2024 • By Miranda Brownlee

Tax

Bendel appeal could affect Section 100A approach, says ATO

A decision by the Full Federal Court that ends up being unfavourable to the ATO for the Bendel appeal could have...

11 June 2024 • By Miranda Brownlee

Business

CPA Australia calls for 2-year extension to stalled tax break

The government’s pattern of announcing tax incentives but failing to pass them has become a “running joke” for...

07 June 2024 • By Christine Chen

Business

William Buck charity event brings joy for sick and disadvantaged children

Over 3,000 children and their families attended William Buck’s dedicated charity night at Sydney Zoo’s GLOW Festival.

07 June 2024 • By Miranda Brownlee

Tax

ATO ‘scrutinising’ section 109RB requests, practitioners warned

The ATO has cautioned practitioners and their clients not to rely on favourable discretion from the Tax Commissioner...

07 June 2024 • By Miranda Brownlee

Tax

NFPs urged to check guidance before applying for private rulings

The Tax Office has experienced a surge in requests for private rulings by non-charitable NFPs as the new reporting...

07 June 2024 • By Miranda Brownlee

Tax

Instant asset write-off measure for 2024–25 introduced into Parliament

A bill to set the instant asset write-off threshold to $20,000 for 12 months over the 2024–25 income year has been...

05 June 2024 • By Miranda Brownlee