Tax

Hasty lodgers twice as likely to make mistakes, ATO warns

The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.

25 June 2024 • By Christine Chen

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Business

How to diversify from tax to management accounting

Doing break-even analysis for SME clients could enable accountants to operate in management accounting, according to a...

24 June 2024 • By Miranda Brownlee

Business

Leading professionals recognised at Australian Accounting Awards 2024

Accountants, auditors, bookkeepers, and rising stars were among those declared winners at this year’s awards.

20 June 2024 • By Malavika Santhebennur

Regulation

Client-agent linking has stopped identity fraud: ATO

The Tax Office claims the process has been successful in stopping criminals from compromising agents’ client lists.

21 June 2024 • By Miranda Brownlee

Regulation

ATO ‘hell bent’ on chasing down $34bn in small business debts

Insolvency professionals warn the Tax Office is using DPNs and legal action to take a “far more aggressive” recovery...

21 June 2024 • By Miranda Brownlee

Technology

Caseware Australia launches AI digital assistant

The new tech product utilises the power of AI to enhance workflows in the accounting and audit space.

21 June 2024 • By Miranda Brownlee

Appointments

Ex-ABC general counsel to join BDO board as independent director

Connie Carnabuci will help evaluate governance structures amid heightened scrutiny of professional services firms.

20 June 2024 • By Christine Chen

Technology

Ditch ‘error-prone’, insecure invoicing methods, says ASBFEO

Switching to e-invoicing cuts cyber risks and improves payment times, the small business ombudsman says.

20 June 2024 • By Christine Chen

Business

Government urged to fast-track visas for migrant accountants

Firms are struggling to hire enough local workers to meet demand caused by insolvencies and reporting requirements,...

20 June 2024 • By Christine Chen

Business

Consumer pullback fuels record insolvency wave: CreditorWatch

The long-awaited cut in spending has arrived and is hitting energy, education and mining businesses the hardest.

20 June 2024 • By Christine Chen

Tax

NSW to rebate payroll tax, waive debts in $189m GP bulk-billing push

The Australian-first initiative is expected to end the uncertainty for contractor doctors and make appointments...

19 June 2024 • By Christine Chen

Business

RBA makes cash rate call for June

The Reserve Bank has handed down its latest interest rate decision following higher-than-expected inflation data.

18 June 2024 • By Miranda Brownlee

Regulation

Dob-in provisions could apply ‘retrospectively’, warns IFPA

The TPB’s draft guidance does not rule out whether practitioners will be required to report offending actions that...

18 June 2024 • By Christine Chen

Business

Small business to get bigger share of $75bn federal spending

The government has set more ambitious procurement targets that require SMEs to receive 25 per cent of all contracts...

18 June 2024 • By Christine Chen

Tax

NSW seizes ‘low-hanging fruit’ with new land tax slugs

Property owners have become an easy target for state governments to raise revenue, but experts warn the measures will...

18 June 2024 • By Christine Chen

Regulation

Annual tax agent registration fees introduced to boost oversight

Tax agents will now pay an annual fee of $273 from July instead of $704 every three years.

18 June 2024 • By Christine Chen

Business

Finalists unveiled for Australian Accounting Awards 2024

Almost 300 finalists are set to battle it out for the trophies at this year’s prestigious awards.

17 June 2024 • By Christine Chen

Business

Fear of failure, skills gap stifle aspiring business owners

The barriers come despite Australia being the “perfect breeding ground” for starting a business, according to a recent...

17 June 2024 • By Christine Chen