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ATO taskforces continue illicit tobacco hunt with 27 warrants
Eight people from Victoria have been charged with Commonwealth offences for involvement in an illicit tobacco organised crime syndicate.
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Government to further extend SME cyber support
The Albanese government has announced the launch of the Small Business Cyber Resilience Service.
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PCG 2024/D2 fails to reflect ‘commercial reality’, joint bodies warn
Many of the examples included in the ATO’s draft guidance on personal services businesses and Part IVA do not reflect the reality of running a business, according to pr...
Taxpayers put on notice over last-minute returns
Individuals are more likely to cut corners and fall victim to fraudsters as the October deadline nears, CPA Australia has said.
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Ban on interest charge deductions may deter tax compliance: expert
Treasury’s crackdown on GIC and SIC deductions could hurt small firms and discourage engagement with the ATO, according to the SMSF Association.
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Companies Auditors Disciplinary Board adds 3 new members
The government has announced the appointment of three part-time accounting members to the Companies Auditors Disciplinary Board.
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ATO continues debt recovery actions against GST fraudsters
The ATO has raised just under $2 billion in liabilities related to fraudulent GST refunds as part of Operation Protego and continues to make referrals to the AFP, the Com...
Timing of asset sales critical with impending Div 296 tax: specialist
Timing the sale of assets is critical to take advantage of tax opportunities, especially in the event of the Division 296 tax, says an SMSF specialist at one of the big...
Dissatisfaction with ATO systems ‘the highest in a decade’, IGTO told
Tax agents are deeply dissatisfied with the ATO's processes and responsiveness across all taxpayer segments, according to professional bodies.
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Research reveals consumer spending preferences for holiday season
SME businesses should prepare for an increase in online shopping this holiday season, according to recent research.
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ASIC swoops on dodgy directors with collapsed companies
The corporate regulator has warned it is taking tougher action against directors who avoid tax, fail to lodge tax returns and refuse to assist liquidators.
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Controversial ‘Airbnb tax’ set to become law
A levy on short-stay accommodation bookings will apply from next year after being passed by the Victorian parliament.
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Perks and GPK Holdich join forces to bolster expertise
The Adelaide-based accounting and financial services firm has announced the acquisition of GPK Holdich.
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CA ANZ ‘disappointed’ by accounting role gaps in Occupation Shortage List
The professional body has welcomed the addition of tax accountants and auditors to the Occupation Shortage List.
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Tax Institute welcomes IGTO's proposed review areas
Proposals to review areas such as tax identity fraud, client-agent linking and the registered agent phone line by the Inspector-General of Taxation have been welcomed by ...
Victorian woman jailed over $600k GST rort
Tahra Wyntjes invented a cleaning business to lodge dozens of fake business activity statements, a court has found.
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Strong jobs growth of 64k powers past estimates
Unemployment held at 4.1 per cent and the participation rate reached a record high.
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Rightsizing regulation report calls for ‘crucial’ SME consideration
Small businesses should be considered during the development of new legislation, regulations, rules and other requirements, according to the NSW Small Business Commission...
TPB to issue guidance on code changes by end of month
The Tax Practitioners Board has promised to deliver draft guidance on the revised changes to the Code of Professional Conduct by the end of October.
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Technology critical to resolving business pressures, accountants told
Small business owners need to place their trust in technology to help relieve the pressures from the current economic climate, according to Intuit QuickBooks research.
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