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Victorian business confidence and investment at all-time low CPA Australia has advised the Victorian government to take more substantial action in the fight for business confidence and discouraged private sector investment. ...
How gifts this Christmas could trigger ATO scrutiny Tax rules around presents received during the holidays are more complex than people might think, according to one HLB Mann Judd director. ...
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Cash flow concerns a nightmare for Aussie SMEs: NAB Cash flow remained the top concern for small business owners throughout Q3, according to NAB’s SME Business Insights. ...
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Tax Office flags concerns with related-party financing in construction The ATO has raised concerns about some businesses claiming excessive debt deductions and shifting profits overseas in the property and construction space. ...
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RBA delivers final interest rate decision for 2024 The Reserve Bank has announced its cash rate decision for December. ...
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ATO to launch dob-in tool for tax agents to report clients The digital platform will support compliance with new TASA code obligations requiring practitioners to report clients who make false or misleading statements. ...
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ATO defends NFP reporting rules amid sector concerns Around one in 10 have already lodged a self-review return ahead of the March deadline, according to an assistant commissioner. ...
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SME cash flow confidence for 2025 is on the rise, Zoho reveals Australian small businesses are predicting an increase in their cash flow over the next three to 12 months despite persistent economic pressures. ...
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Aussie SMEs in critical need of debt support, data reveals Australian small businesses need help with managing and understanding their business debt, according to research from AVA Advisory. ...
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Social media scams dominate losses in 2024, ACCC finds Scammers exploiting online platforms fleeced Australians out of $58 million, topping all other fraud categories. ...
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ATO issues new ‘good governance’ checklist for NFPs The Tax Office has reminded not-for-profit organisations to vigilantly check tax and super obligations are being met effectively to uphold good governance. ...
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$10m tax scandal lands 6 fraudsters with combined 43-year sentence Six men have been slammed with a combined prison sentence spanning over four decades for their involvement in a $10 million tax fraud and money laundering operation. ...
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Wages top SME concern list as labour pressures rise Rising labour expenses continue to cause stress for NSW small business owners, with wages overtaking energy costs as the main business concern. ...
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Section 109RB not a get out of jail free card: ATO The Tax Office has urged agents to fix Division 7A mistakes swiftly instead of assuming they will be excused by the Commissioner of Taxation. ...
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A&M Tax continues Australian expansion with senior appointments Professional services firm Alvarez & Marsal Tax has appointed three new managing directors to continue the firm's strategic growth. ...
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SMC endorses Parliament move to amend death beneficiary laws The peak super body has strongly welcomed the parliamentary joint inquiry into stopping abusers from receiving their victims’ superannuation. ...
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Federal government rules out small business definition change for 2024 Crossbenchers support changing the definition of ‘small business’ but amendments are unlikely to occur before the federal election. ...
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ATO slams wealthiest taxpayers’ lax record keeping Governance and record-keeping gaps are driving tax errors among the Next 5,000 group, the Tax Office has said. ...
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GST fraudsters to face ‘full force of the law’: ATO The Tax Office has the tools and resources to uncover even the most elaborate schemes, a deputy commissioner has warned. ...
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Investors reminded on looming capital gains withholding changes The Tax Office has reminded foreign investors and Australian residents to be aware of upcoming changes to the foreign resident capital gains withholding rules. ...
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