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Super tax increase ‘raises retrospective CGT issues’
Labor’s move to double tax on balance earnings above $3 million throws up a problem with unrealised capital gains.
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Grant Thornton overhauls tax team leadership
A change at the national managing partner for tax position has seen reappointments throughout the business.
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GDP grows but slows, while inflation edges lower
UPDATED: The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
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Ignition invites entries for global women in accounting awards
Now in its sixth year, the awards recognise 50 at the forefront of the tax profession.
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ATO tightens GST assurance on top 1,000 companies
An analytical tool cross-checks BAS against audit outcomes to ensure the correct amount is paid.
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Super tax singles out small group who played by the rules: CA ANZ
Labor’s decision to double the tax on super balances above $3 million moves the goalposts yet again, the body says.
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Businesses to be protected by greater cyber security investment
Enhancing national regulatory frameworks and improving cooperation across both the private and public sectors will be key to increasing digital protection.
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Empower women with financial literacy, Tesla chair urges
Robyn Denholm makes a call to arms during a panel discussion ahead of International Women’s Day.
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Government doubles tax on super balances above $3m
Just 80,000 will be hit by the impost which “does not change the fundamentals of the system”.
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Retailers must hang tight through a tough 2023, says Deloitte
Tight economic conditions will hit discretionary spending but there is light at the end of the tunnel, it says.
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ASIC launches greenwashing court action against Mercer
The first legal case comes after the regulator issued over $140,000 infringement notices for greenwashing last year.
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ATO releases record $573m in super on compassionate grounds
The bulk of applicants needed medical treatment for acute, chronic or life-threatening illnesses, the Tax Office says.
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Flood-hit regions inundate AFCA with complaints about insurers
Delays, denials and disputes are running at four times the rate of the previous worst weather event, says complaints authority.
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Tech sounding board aims to nurture practice-ready apps
Early Adopters Hub launches “accelerator” to connect software start-ups with tech-savvy accountants.
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Remote working motivates almost 50% to plan a tree change
Two-thirds of employees would look for another job if their boss demanded they return to the office full-time, says HR firm ADP.
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ATO’s debt recovery campaign hits NSW hardest
Specialists say the worst is yet to come with two-thirds of pandemic debt still outstanding.
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Later retirement takes oldies back to living in ’70s
The labour shortage and increased workplace flexibility has seen potential retirees remain in the workforce for longer, says KPMG.
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Small business apps blossom ‘thanks to local developers’
A rich software ecosystem has grown up in just a decade, says Xero chief Will Buckley.
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Purpose-led businesses believe ESG delivers a competitive edge
Societal expectations and increased regulations such as mandatory reporting will see more businesses forced to set goals.
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BDO strengthens partnership with three east coast appointments
The additional members bring extensive experience in technology, business services and infrastructure, says the firm.
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