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Liberal senator urges colleagues to join fight against TASA changes Dave Sharma has highlighted the new rules’ impact on privacy and client relationships issues ahead of a crucial Senate vote. ...
ATO warns businesses on looming TPAR deadline The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023. ...
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New CBA collaboration will enable 60-second cross-border payments A new cross-border payment collaboration between the Commonwealth Bank and The Bank of New York Mellon will allow Australian businesses and customers to receive payments ...
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Submissions open for brand-new Commercial Finance Awards 2024 Accountants Daily is pleased to launch the inaugural awards, which champion members of the commercial finance industry. ...
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ASIC sharpens focus on greenwashing, super misconduct, AI The watchdog’s new priorities aim to keep pace with rapid technological changes, demographic shifts, and increasing climate-related risks. ...
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‘Unjust’ foreign resident CGT changes could spook investors Complex reforms broadening the regime without a transitional period make Australia a less attractive destination for business, The Tax Institute warns. ...
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Upcoming election to bring tax system ‘back in focus’: Tax Institute Debate around the sustainability of the tax system is likely to heat up as the federal election draws closer, says The Tax Institute CEO Scott Treatt. ...
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SMC calls for ‘swift’ legislation of parental leave scheme The Super Members Council has urged the government to swiftly legislate the bill to pay super on paid parental leave to help close the gender pay gap. ...
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ATO expands guidance on promoter penalty laws after new legislation The Tax Office has revised its practice statement on the application of the promoter penalty laws following the passage of legislation in May. ...
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Tax agent and client hit with 5-year sentences for ‘cheating tax system’ A former tax agent and client have been sentenced to a combined 10 years and six months’ imprisonment for refund fraud and avoidance of income tax. ...
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Australian businesses face cash flow and credit challenges, survey reveals Australian SMEs are dissatisfied with their current working capital and large businesses are struggling to access credit, according to the CreditorWatch Business Sentimen...
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KPMG to provide $33k to the Griffith Tax Clinic The big four company announced it will provide the Griffith Tax Clinic with $33,000 in funding to supplement critical community work. ...
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Is it time to talk about quotas in financial services? An executive at the Institute of Public Accountants has suggested that a discussion around the need for gender quotas in financial services may now be warranted. ...
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Funding, resource shortages threaten TPB oversight A growing workload from new obligations and the PwC probe strains the small regulator’s limited resources. ...
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Government urged to exempt small firms from TPB reforms The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says. ...
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ABA calls for extension of SME loan exemption The professional body has urged Treasury to extend the small-business responsible lending obligations exemption to help small businesses access credit.  ...
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Lawyer to stand trial for alleged money laundering scheme A prominent lawyer and an accountant are due to face a Supreme Court trial on money laundering charges. ...
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Constant regulatory change threatens ‘future pipeline of tax profession’: SMSFA Tax professionals are being hit with significant and cascading regulatory changes that are leaving them overwhelmed, the SMSF Association has warned the government. ...
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‘Stop, check and report’ scams, regulators warn The Tax Office and ASIC have reminded businesses to stay cautious and vigilant towards suspicious cyber activity for the National Anti-Scams Centre’s ‘scams awareness...
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Joint bodies fight for crucial changes to $3m super tax bill Industry associations continue their push for amendments to be made to the $3 million super tax bill after independent members introduced proposed amendments to the bill....
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