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ATO boss tells agents to use ‘Kardashian-like influence’ wisely Rob Heferen has promised to improve communication with tax practitioners who have a “unique role and influence” in the system. ...
CA ANZ shows support for amended anti-money laundering bill The professional body welcomes changes made to the anti-money laundering/counter-terrorism bill following previous submissions and advocacy. ...
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Privacy law education and awareness crucial for SMEs: COSBOA The SME advocate has welcomed the government’s move to not rush new onerous privacy obligations for small businesses in the first tranche of laws, but has requested mor...
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Coalition super amendment could exacerbate women’s poverty, warn peak bodies Joint super peak bodies have urged for the Coalition to reverse its ‘optional’ proposal for the Commonwealth Parental Leave Pay scheme as it will undermine the purpos...
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‘Significant progress’ made on TASA determination, joint bodies say Joint bodies have welcomed a commitment from Labor to address the major issues in the TASA determination in the Senate this week.  ...
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Industry should represent the communities it serves: Mortgage Choice The principal partner of this year’s Women in Finance Summit has said organisations that practise inclusivity are more likely to build trust in the community. ...
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Anti-money laundering bill to place further burden on accountants, warns CPA The professional body is disappointed by the limited consultation undertaken on the significant and complex changes contained within the bill.  ...
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Employment opportunities in accounting remain strong for FY24 The Australian finance and accounting market remains strong despite a slight increase in the unemployment rate, research from Robert Half suggests. ...
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Code changes set to proceed after failed disallowance motion A motion to disallow the code changes for tax agents has failed in the Senate after the Greens and senator David Pocock announced they would not support the motion. ...
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Disallowance motion on code changes voted down in Senate A motion to disallow the code changes for Tax Agents has failed to succeed in the vote held in the Senate today. ...
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ATO calls out tax advisers still making ‘basic’ errors A new private wealth adviser program is targeting practitioners and firms at risk of passing bad habits onto clients. ...
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ACCI report reveals AI adoption will push SMEs to ‘thrive’ Research by the business advocate has revealed SME owners could harness a wider scope of opportunities through AI adoption such as increased productivity, efficiency, and...
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Taxpayer ordered to pay $24.4m to ATO over unpaid tax debts The Supreme Court of NSW has ordered a taxpayer to pay the ATO over $24 million in relation to unpaid income tax and penalties. ...
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ATO SMSF auditor referrals see slight uptick for FY23–24 The Tax Office has announced 45 auditors of self-managed super funds were referred to ASIC during the 2023–24 financial year. ...
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ATO offers guidance to NFPs on assessing charitable purposes The ATO has provided tips for not-for-profit organisations that are uncertain if they meet the requirements to be registered with the Australian Charities and Not-for-pro...
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Joint bodies continue support for disallowance motion on TASA changes Professional bodies have warned that fixing the code changes will require considerable work ahead of today’s vote on the disallowance motion. ...
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‘You will be caught’ over NDIS fraud, Shorten warns tax agents A multi-agency crackdown is underway to stop dodgy actors from stealing money through false claims and inflated invoices.   ...
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ATO rules out simplifying NFP rules despite ‘pockets of confusion’ The Tax Office insists the process for lodging annual self-reviews is “basic” and “not that hard”. ...
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Mental health of SME owners in rapid decline, research reveals Australian SME owners are feeling the pressure and are overwhelmed trying to navigate the current challenges of the cost-of-living crisis, CommBank has said.  ...
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Cost-of-living crisis spurs ‘side hustle’ culture: Great Southern Bank Around two-thirds of home owners with a mortgage have started or are considering a second job or hobby business to help with repayments, analysis reveals.  ...
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