Tax

ATO warns taxpayers on ‘double dipping’ with WFH deductions

Tax professionals should ensure clients are aware of the broader scope of deductions covered under the fixed rate...

23 May 2024 • By Miranda Brownlee

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Business

TPB releases guidance on planning for practitioner incapacity

The guidance is aimed at assisting practitioners to put arrangements for unforeseen circumstances in place.

22 May 2024 • By Miranda Brownlee

Tax

ATO flags top problem areas for rental property deductions

Investors incorrectly apportioning interest from investment loans and confusion between repairs and improvements are...

22 May 2024 • By Miranda Brownlee

Appointments

Insolvency accountant awarded liquidator licence at Mackay Goodwin

The insolvency and restructuring firm has announced that Nelson Huang has received his liquidator licence.

21 May 2024 • By Miranda Brownlee

Super

ATO affirms Federal Court’s ‘employee’ definition for super purposes

The finding that superannuation entitlements extend only to natural persons and not partnerships accords with...

20 May 2024 • By Miranda Brownlee

Super

AAT sets aside trustee disqualification

The tribunal has overturned the commissioner’s decision to disqualify an individual from acting as an SMSF trustee...

21 May 2024 • By Miranda Brownlee

Regulation

Dob-in provisions to pose major issues for common scenarios

The breach reporting obligations will cause significant headaches for practitioners across a wide range of real-life...

21 May 2024 • By Miranda Brownlee

Tax

ATO funding to bring more taxpayers under real-time scrutiny

Dealing with the Tax Office should now be seen as a regular cost of doing business, one expert says.

20 May 2024 • By Christine Chen

Business

Promoter penalties, whistleblower, TPB reforms pass Parliament

Labor’s bill containing reforms that respond to the PwC scandal and PRRT amendments has finally passed both houses...

20 May 2024 • By Christine Chen

Business

Ignition appoints global president to drive next growth phase

The software platform has appointed Greg Strickland to oversee all operational aspects of the business globally.

17 May 2024 • By Miranda Brownlee

Business

‘Culture eats strategy for breakfast’: how this applies to accountants

The famous quote by management consultant Peter Drucker is relevant for accountants wanting to attract and retain...

20 May 2024 • By Miranda Brownlee

Tax

Instant asset write-off the latest ‘political football’, says NTAA

Disputes between parties over the size of proposed increases to the instant asset write-off threshold have seen the...

20 May 2024 • By Miranda Brownlee

Tax

Court rules against Qld businessman’s EY-inspired tax schemes

The founder of surfwear brand Billabong used advice from EY to minimise tax from the sale of his bioplastics company,...

17 May 2024 • By Christine Chen

Business

ASBFEO ‘disappointed’ by government response to procurement inquiry

The government is missing an opportunity to meaningfully improve the chances that small and family businesses have to...

17 May 2024 • By Miranda Brownlee

Tax

CA ANZ urges ATO to revise NALI guidance after court decision

The outcome of the BPFN and Commissioner of Taxation provides the ATO an opportunity to take a more pragmatic approach...

17 May 2024 • By Miranda Brownlee

Regulation

CA ANZ welcomes additional staffing for ASIC

The additional staffing announced for ASIC should focus on the regulation of audit and financing reporting, says CA ANZ.

16 May 2024 • By Miranda Brownlee

Appointments

Grant Thornton makes 9-day fortnight permanent

The mid-tier accounting firm will continue to refine its approach to the shortened working week, citing encouraging...

16 May 2024 • By Nick Wilson

Business

Budget ‘fails to charm small business’, says IPA

The federal budget has delivered little relief to small businesses facing increased debt collection activities, margin...

16 May 2024 • By Miranda Brownlee