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Victorian ‘Airbnb tax’ misjudges landlords, experts say
Experts believe the proposed levy will be a negative for both property owners and renters.
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GP clinics left with uncertainty on payroll tax, says KPMG
Medical centres are unlikely to get clarity on the issue until there is further litigation, the firm believes.
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ASIC sues crypto exchange after customers lose $13m
The regulator alleges Bit Trade failed to comply with rules for a margin product and says the action should serve as a warning to the industry.
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‘Lighten up and delegate’: How women can juggle work and home
A financial adviser has urged women in finance to outsource domestic tasks so they can focus on their business.
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Price of services will push up August CPI figure, NAB predicts
Inflation may accelerate this quarter with wage pressure and services prices offsetting disinflation in the cost of goods prices, says major bank.
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Canberra unveils sweeping reforms in wake of PwC scandal
Draft legislation includes changes to promoter penalty and secrecy laws as well as stronger sanctions and a more powerful TPB.
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Free app ‘aims to put a tax accountant in your pocket’
The Tax App seeks to improve access to accounting by offering services that cost users “half of your weekly grocery bill” for free.
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Cash access vital ‘to resist agenda of banks, supermarkets’
Demand for the legal tender remains undiminished and many vulnerable people rely on it, lobby group says.
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NSW fuels budget turnaround through compliance, tax hikes
The government’s budget closes loopholes and funds Revenue NSW to improve tax “fairness and integrity”.
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Revised NALE rules ‘miss chance to clarify SMSF bugbear’
The ATO will need to help trustees work out when an arrangement is internal to the fund for the purposes of non-arm’s length expense rules, says NTAA.
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Carbon boosts Perth presence with Ezetax takeover
The group’s aggressive expansion strategy has almost tripled its headcount in 12 months.
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Directors on the hook for cyber security, ASIC warns
Repelling attacks is just the start – businesses must demonstrate an ability to respond or the board will be held accountable, the regulator says.
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Family businesses ‘fret over cash flow, but optimistic for growth’
The economy determines the number one challenge facing family businesses, a Grant Thornton survey finds, closely followed by staff and succession planning.
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CIMA, CPA Australia renew reciprocal membership accord
Subject to passing an exam, any member of one body qualifies to join the other.
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Give TPB power to sanction wayward firms: IGTO
Improve the board’s access to tax data and expand its ability to punish, says the Inspector General of Taxation and Taxation Ombudsman.
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Fear prevents businesses on the brink from calling in SWAT squad
Scared of losing control or the cost, directors delay reaching out to turnaround experts says specialist Michael Fingland. But another reason stands above all others: ove...
Professional profits guidance a ‘blunt tool’ for assessing risk
Arrangements that fail to satisfy a gateway or fall into the higher risk zone under PCG 2021/4 may increase audit risk but will not necessarily be Part IVA, says a specia...
Vincents targets advice specialty at Qld start-ups
The brainchild of an undergrad accountant, the initiative will offer an “all-encompassing” advisory service to early-stage tech companies.
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$20k instant asset write-off to get 1-year extension
The amendment will hold off the threshold reverting to $1,000 until June 30 next year.
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ATO, myGovID, banks, telecoms to rely more on facial recognition
Identity verification laws introduced this week will allow data matching systems to be developed by the Attorney-General’s Department.
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