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Federal Court decides Guardian AIT appeal on s100A
Long-awaited decision leaves a central question about “ordinary family or commercial dealings” unaddressed.
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Treasury consults on non-arm’s length expense rules
The government has now released consultation on options for amending the non-arm’s length income provisions for super funds.
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Former PwC partner banned for sharing secret Treasury docs
Clients and other staff were given confidential information about impending changes to multinational tax rules.
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Beware promoters of early super access schemes, ATO warns
Vulnerable people are targets for scammers offering to help set up an SMSF as a way to get a hold of savings illegally.
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Tax Institute appoints Marg Marshall 2023 president
The experienced technical advice specialist plans to develop the institute’s education and resources.
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Unfit-for-purpose insolvency law needs complete overhaul: ARITA
Australia needs a simplified system with a single regulator for both company and personnel bankruptcy, says restructuring association.
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Grant Thornton polices Women’s World Car of the Year vote
Audit firm will guarantee accuracy of process involving dozens of female motoring journalists from across the world.
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One more rate rise could tip us into recession, says Deloitte
The RBA should press pause as the consumer-led recovery is ‘running out of road’.
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Workers baulk at CBDs ‘but happy with an office close to home’
The cost and congestion of travelling to a centre makes local micro-offices appealing, says business centre specialist.
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Agent linking talks ‘highly productive’, says ATO
Office optimistic that another meeting with professional bodies can address concerns.
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FWO takes retail giant to court over $1.1m in staff underpayments
UPDATED: The holding company for Supercheap Auto and Rebel Sport allegedly shortchanged workers for more than two years.
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International tax reform could net annual gains of $220bn
Global governments must embrace the reform to ensure multinational corporations pay taxes where they earn their revenue, says OECD.
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ATO talks over agent linking regime end without agreement
A crucial meeting between the tax office and professional associations fails to resolve key points of difference about the complex six-step process.
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9 out of 10 businesses expect skills shortage to be biggest problem
More companies name recruitment as their chief concern in 2023 ahead of inflation and supply chain issues, Ai Group survey finds.
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Former AFP and ATO investigator joins Kroll’s Melbourne office
The experienced financial crime inspector joins from the firm’s London branch where he oversaw the asset tracing and recovery team.
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ATO figures reveal final 2022 DPN tally
After a slow start in May, the office went up through the gears with director penalty notices.
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ASIC reports on small business restructuring scheme
The simplified debt restructuring process was largely successful although the number of companies involved was small.
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ATO begins ID crackdown on recalcitrant directors
Half-a-million who failed to apply before the deadline will be contacted by the office.
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Professional bodies demand changes to ATO agent linking process
Six-step method provokes storm of protest on social media and will be “a major headache” for small clients, say accountants.
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Airwallex partners with American Express
The Melbourne start-up now offers 60 payment methods and was valued at $5.5 billion late last year.
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