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$20k instant asset write-off passes lower house It comes after the eleventh-hour passage of a bill that raised the threshold from $1,000 to $20,000 for FY24 last week. ...
‘Don’t panic’ over new reporting rules, ATO tells NFPs Thousands of not-for-profits will need to lodge annual self-reviews from 1 July to keep their tax-exempt status. ...
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Airwallex posts 93% revenue surge in Australia The payments platform attributes growth to strong product offerings and has flagged plans for further expansion. ...
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National Audits Group promotes 4 diverse auditors The audit firm has promoted four multicultural auditors, including three women, in a diversity push.  ...
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PepsiCo wins appeal against Commissioner of Taxation PepsiCo has successfully appealed a Federal Court finding that it was liable for royalty withholding tax payments. ...
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Air Accounting taps into e-commerce with Bean Ninjas partnership The deal follows the acquisition of speciality hospitality accountants Cafe Bookkeepers last year. ...
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Court rejects taxpayer’s attempt to pay $45k ATO debt with $47 cheque Mesha Feet attempted to pay its debts with unconventional methods and then fined the Tax Office for failing to respond. ...
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Small business slams ‘absurd’ 11th-hour passage of tax breaks The $20,000 instant asset write-off and small business energy benefits passed Parliament on Tuesday more than a year since being announced. ...
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ATO’s outdated estate rules cause delays, confusion The Tax Office has left issues dating back to 2011 unaddressed, the Tax Institute says. ...
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Government ‘unfairly’ refuses to refund on-hold debts paid to ATO The Greens say the government has “shafted” the taxpayers who complied with the Tax Office's controversial campaign. ...
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KPMG announces over 50 partner promotions The big four firm has announced 52 new partners across various divisions, despite recent job cut announcements. ...
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Payment Times Reporting Bill enters the Senate Measures to name and shame large businesses that are slow to pay small businesses have been introduced into the Senate this week. ...
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Family trust elections in ATO sights The ATO is “cracking down” on family trust elections, warns a leading legal specialist. ...
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Consultant boom threatens accounting sector, expert says The Benchmarking Group says consultants are filling the demand for advisory work and presenting a more attractive career path for new entrants. ...
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Digitisation a boon for productivity in cost-of-living crisis: MYOB A survey by the accounting software company has found that 40 per cent of SMEs that digitised more operations in the past year enhanced productivity. ...
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ATO whistleblower prosecution to have ‘chilling effect’ The Human Rights Law Centre says the government must strengthen protections in the wake of Richard Boyle’s failed appeal. ...
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Hasty lodgers twice as likely to make mistakes, ATO warns The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July. ...
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Eastern states drive fall in job postings As job ads fall, every industry is experiencing more applications compared to last year, SEEK data has shown. ...
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PKF Melbourne banned from expert reports after ASIC probe The firm has been barred from the service pending a review of its conflict of interest management and documentation policies. ...
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How to diversify from tax to management accounting Doing break-even analysis for SME clients could enable accountants to operate in management accounting, according to a finance professional. ...
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