Business

Tax agents ‘relentlessly pushed to self-serve’ on ATO systems, says CA ANZ

Practitioners are frustrated with the increasing amount of administrative work they are required to do due to...

08 April 2024 • By Miranda Brownlee

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Business

Accounting bodies pin hopes on UK deal to relieve auditor shortage

A mutual recognition agreement between Australian and UK regulators should increase talent flows and be a "major...

05 April 2024 • By Christine Chen

Tax

Households face highest tax levels in 2 decades, analysis shows

State and federal governments must make a concerted effort to curb spending or risk a record tax blowout, according to...

05 April 2024 • By Christine Chen

Business

Government’s ‘high-taxing agenda’ damaging small business, says Peter Dutton

Complex changes to the IR system, increased taxes and rising energy costs are crippling small business and impacting...

03 April 2024 • By Miranda Brownlee

Appointments

PKF appoints 2 Newcastle audit partners

Auditors Kevin Helmers and David Hutchison have been promoted after working at the mid-tier firm for over a decade.

04 April 2024 • By Christine Chen

Business

Revenues fall for over 1 in 3 sole traders, survey finds

The result from Hnry’s sole trader survey bucks a two-year trend of post-pandemic growth.

04 April 2024 • By Christine Chen

Technology

Deakin tax tool to help NFPs cope with ATO’s ‘ticking time bomb’

New reporting requirements threaten the tax-exempt status of thousands of NFPs without accounting experience, Deakin...

04 April 2024 • By Christine Chen

Regulation

Aged care reforms need more consideration: joint bodies

Professional accounting bodies have said the government needs to carefully consider funding arrangements before...

03 April 2024 • By Miranda Brownlee

Tax

Common FBT mistakes flagged as FBT season kicks off

BDO has outlined several areas within fringe benefits tax that employers and accountants should pay close attention to.

03 April 2024 • By Miranda Brownlee

Business

ATO responds to tax agent gripes over TPAR obligations

Tax agents have expressed frustration over a lack of visibility with client lodgment obligations and the time frame...

03 April 2024 • By Miranda Brownlee

Business

Payroll errors more likely under Closing Loopholes reforms

More than half of Australian businesses plan to reconsider the way they manage payroll as a ‘direct result’ of the...

28 March 2024 • By Miranda Brownlee

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

Business

Client-agent linking threatening ‘viability of practices’, CA ANZ tells ATO

Complex processes, technical glitches, and insufficient ATO support with client-agent linking are having a direct...

12 March 2024 • By Miranda Brownlee

Tax

Instant asset write-off measure still stalled in Parliament

The bill to increase to the instant asset write-off threshold is still yet to pass Parliament, with only three months...

02 April 2024 • By Miranda Brownlee

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