Business

EY announces 2 appointments to Asia-Pacific branch

The big four firm has appointed Yew-Poh Mak as EY Asia-Pacific deputy area managing partner and Shannon Cotter as EY...

17 July 2024 • By Imogen Wilson

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Business

Liquidator hits 5 decades in the industry

Hall Chadwick partner John Vouris has marked 50 years as an insolvency practitioner since starting in 1974, making him...

16 July 2024 • By Imogen Wilson

Tax

Taxpayer wins appeal against Tax Commissioner in Federal Court

The court granted the appeal after the Commissioner admitted that a taxpayer objection ought to have been allowed.

16 July 2024 • By Imogen Wilson

Business

Blindsided accounting bodies lash ‘unworkable’ code changes

The industry has spoken out against a raft of new rules for tax practitioners introduced by the government without...

15 July 2024 • By Christine Chen

Tax

Outlook for tax debts ‘not all doom and gloom’, says tax specialist

Obtaining payment plans of two or three years is still possible despite the ATO’s tougher debt collection approach,...

15 July 2024 • By Imogen Wilson

Business

Australian SMEs struggling, performance data reveals

SME performance has been calculated at -2.0 in comparison to GDP for May 2024, according to a new business performance...

15 July 2024 • By Imogen Wilson

Tax

Boost savings this FY by salary packaging: NALSPA

NALSPA has encouraged Australians to consider salary packaging options for the next financial year to mitigate the...

15 July 2024 • By Imogen Wilson

Regulation

Minister Jones’ determination ‘inconsistent’ with current law, warns IPA

The ministerial determination creates further uncertainty for tax agents and will be challenging for the Tax...

12 July 2024 • By Christine Chen

Technology

ATO software bugs revived false on-hold debts, documents show

Internal memos show faults in the Tax Office’s automated systems affected over 600 taxpayers and led to 1,083 wrong...

12 July 2024 • By Christine Chen

Business

Financial management critical amid rising insolvencies, says insolvency expert

SMEs continue to face challenges in the current financial market due to inflation, increased cost of living and post...

12 July 2024 • By Imogen Wilson

Business

Boutique law firms seeking accounting practice partnerships

Boutique law firms are increasingly exploring partnerships with local accounting firms in order to provide SME clients...

12 July 2024 • By Imogen Wilson

Tax

Stage 3 tax cuts to bring long-term benefits, experts say

UNSW experts say advantages to the recalibrated tax cuts include addressing bracket creep and maintaining a...

11 July 2024 • By Christine Chen

Business

ATO to crack down on Amazon, eBay sellers’ tax affairs

The Tax Office will receive details of accounts that make over $12,000 a year to identify hobbyists-turned-businesses...

11 July 2024 • By Christine Chen

Regulation

Accountants enlisted in war against dirty money

CPA Australia and CA ANZ say proposed anti-money laundering reforms must be balanced and proportionate to avoid...

11 July 2024 • By Christine Chen

Technology

Momentum Media Australian AI Awards 2024 launches for the first time

Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions...

11 July 2024 • By Miranda Brownlee

Regulation

ATO emphasises cyber hygiene during tax time

The ATO has reminded businesses to secure their online platforms, systems, and processes to prevent cyber attacks...

10 July 2024 • By Imogen Wilson

Regulation

Shock tax code changes hit industry

Governance procedures introduced by the Assistant Treasurer without warning last week have flown under the radar but...

10 July 2024 • By Christine Chen

Regulation

ATO and Lunar seize over $6m of illicit tobacco in West Victoria

The ATO and detectives from Taskforce Lunar have seized 3.3 tonnes of illicit tobacco, over $170,000 cash, and 11...

10 July 2024 • By Imogen Wilson