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Yearly grilling of accounting bodies needed, inquiry says The inquiry’s final report calls for CA ANZ, CPA Australia and IPA to report annually to Parliament to ensure consulting integrity. ...
Greens push for 5-year ban on government work for PwC The Greens party have called for PwC to be restricted from tendering for government work for five years in the final inquiry report. ...
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Mid-market M&A whiz joins Forvis Mazars as partner The firm says the appointment will meet growing client demand after the launch of Forvis and Mazars’ merger earlier this month. ...
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SME Bootcamp returns in 2024 Registrations have opened for the SME Bootcamp – a free summit that could transform the way accountants and brokers support their SME clients. ...
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Service-based small businesses lead productivity decline: Xero A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst. ...
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Hotelier’s $11m tax fight fails as court confirms ‘all or nothing’ stance A taxpayer who claimed he had no taxable income because he was self-funded has had his appeal dismissed by the Federal Court. ...
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PwC inquiry calls for major review into large partnerships The committee has delivered its final report for the consulting firm inquiry, calling for a review of partnership structures with more than 100 partners. ...
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Small businesses ‘overwhelmed’ by EOFY tax compliance, survey finds Misplacing important documents and receipts and forgetting to claim deductions are the most common problems, Xero says. ...
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Landlords who ‘double dip’, fudge deductions in ATO crosshairs The Tax Office has warned taxpayers to revise deduction rules and maintain proper records. ...
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City Beach founders win tax battle with ATO over $52m restructure A selective capital reduction to extinguish Division 7A loans that raised the Tax Office's eyebrows was not a “sham”, the Federal Court has ruled. ...
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CA ANZ course accreditation renewed by education body The accreditation with TEQSA allows it to award the chartered accounting graduate diploma and offer FEE-HELP loans to students. ...
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Check in-house assets before 30 June, trustees reminded Before 30 June, SMSF trustees need to check the level of any in-house assets to ensure they haven't exceeded the 5 per cent limit, says a senior technical adviser. ...
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Tax time confusion spikes among small business owners, survey shows Recent research indicates that a growing proportion of small business owners find the tax system and the process of completing a tax return confusing. ...
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Retail business failure rate highlights ongoing challenges for sector Retail businesses are struggling to stay afloat, with failure a common theme amongst many of them in the past year, says CreditorWatch.  ...
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LRBAs under fire as super legislation debate continues The introduction of the $3 million super tax has sparked a fresh debate about limited recourse borrowing arrangements, says the CEO of the SMSF Association. ...
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Lost receipts to cost SMB owners $948m in unclaimed expenses SMB owners are expected to miss out on claiming an estimated $948 million in unclaimed expenses due to damaged or lost receipts, research by Intuit QuickBooks reveals. ...
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Victoria’s new tax regime to ‘significantly impact’ commercial propery The new commercial and industry property tax is a complex regime that will impact cash flow and returns, a specialist law firm cautions. ...
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Bendel appeal could affect Section 100A approach, says ATO A decision by the Full Federal Court that ends up being unfavourable to the ATO for the Bendel appeal could have implications for the ATO’s Section 100A approach. ...
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CPA Australia calls for 2-year extension to stalled tax break The government’s pattern of announcing tax incentives but failing to pass them has become a “running joke” for accountants, it says. ...
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William Buck charity event brings joy for sick and disadvantaged children Over 3,000 children and their families attended William Buck’s dedicated charity night at Sydney Zoo’s GLOW Festival. ...
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