Super

ATO raises concerns over $200m in illegal SMSF loans

Illegal early release and prohibited SMSF loans remain top concerns for the Tax Office, particularly in the current...

01 April 2024 • By Miranda Brownlee

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Business

Post-COVID period sees mixed performance across capital cities

Sydney and Brisbane have been challenged by steep commercial rents while Adelaide, Melbourne and Perth continue to...

27 March 2024 • By Miranda Brownlee

Business

BDO flags unique tax challenges with influencer clients

Accountants can bring enormous value to clients operating as content creators but a detailed understanding of their...

28 March 2024 • By Miranda Brownlee

Business

Underpaid, overworked: The audit profession's ‘battle’ for talent

Concerns around work-life balance, remuneration, and predictable career progression models continue to inhibit talent...

27 March 2024 • By Nick Wilson

Super

16.5k SMSFs face regulator scrutiny over valuations

More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the...

27 March 2024 • By Miranda Brownlee

Tax

Tax Office ‘dredging up’ decade old director debts

The IGTO and insolvency firms have seen a spike in director penalty notices issued for companies liquidated several...

27 March 2024 • By Miranda Brownlee

Super

Access to super won’t solve housing affordability, warns ASFA

Allowing access to super for housing will only benefit a minority of members with high super balances, ASFA analysis...

26 March 2024 • By Miranda Brownlee

Regulation

$5.2m in illicit tobacco destroyed following ATO investigation

A community tip-off to the ATO led to the seizure of more than 2,700kg of illicit tobacco in Victoria.

26 March 2024 • By Miranda Brownlee

Business

Australian small businesses trail rest of APAC: CPA

A recent survey from CPA Australia placed Australian small businesses last or near last on nearly all vital indicators.

26 March 2024 • By Nick Wilson

Tax

ATO’s debts on hold campaign prompts new IGTO guidance

New guidance has been released on best practice principles for debt notifications in response to the re-activation of...

26 March 2024 • By Miranda Brownlee

Appointments

Mackay Goodwin ventures west with Perth boutique acquisition

The national insolvency firm has opened its doors in Western Australia after taking over local boutique GTS Advisory.

25 March 2024 • By Christine Chen

Tax

Tax agents still failing Div 7A basics, ATO warns

The Tax Office has begun a year-long lecture series on Division 7A after finding most breaches related to...

25 March 2024 • By Christine Chen

Business

Law firm flags risk mitigation strategies for ATO audits

Making preparations and implementing strategies ahead of time can generate more favourable outcomes from ATO reviews,...

25 March 2024 • By Miranda Brownlee

Tax

$3m super tax to ‘disrupt’ small business and farmers, warns SMSFA

The government is facing renewed calls to consider alternative calculation methods for its Division 296 tax.

25 March 2024 • By Miranda Brownlee

Business

PwC global chair tells senators he won't share tax scandal report

In correspondence with Australian senators, PwC’s global chair has doubled down on the global organisation’s decision...

22 March 2024 • By Miranda Brownlee

Tax

HLB Mann Judd flags tax traps for clients working offshore

Businesses and employees must ensure they are aware of the potential implications of working offshore to avoid...

21 March 2024 • By Miranda Brownlee

Super

ATO’s SG activities expose ‘clearing house debacle’, says IPA

A ramp up in SG compliance activities has unearthed underlying issues concerning clearing house delays and draconian...

22 March 2024 • By Miranda Brownlee

Technology

A quarter of SMEs investing in AI, automation, NAB data reveals

Almost one in four SMEs have already invested in emerging technology solutions, while a further 20 per cent plan to in...

20 March 2024 • By Miranda Brownlee