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ART upholds TPB decision to ban tax agent
A former tax agent has lost an appeal to overturn a four year ban relating to unsubstantiated deductions and unpaid tax debts.
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COSBOA lobbies for ASBFEO funding boost
The small business advocacy group has called for funding to be restored for the ASBFEO due to its increasing workload.
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Tax due diligence crucial for M&A deals, Grant Thornton warns
The firm has cautioned businesses delving into merger and acquisition transactions to conduct due diligence on associated tax obligations and risks.
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‘Significant variation’ in ATO’s approach to financial abuse matters
Tax professionals say while some interactions with the ATO regarding financial abuse matters have led to positive outcomes, this does not occur consistently, according to...
AccountsIQ acquires ExpenseIn to expand capabilities
Accounting software provider AccountsIQ has acquired expense management software company ExpenseIn.
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BDO appoints new national migration services leader
The firm has continued its New Year appointment streak with new migration services leader, Rebecca Thomson.
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‘The company’s money is not your money’: ATO on Div 7A myths
Mistaken beliefs around business structures, record keeping and the Commissioner’s discretion are “common” among taxpayers, the Tax Office has said.
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Defaults on tax debts a major driver for business insolvencies, data reveals
Thousands of Australian private businesses have become insolvent over the past 12 months after failing to fulfil ATO tax debts, credit agency data reveals.
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Accountants advised on fraud detection tips for the new year
Accounting firms looking to expand into new services this year should consider potential fraud risks and how to mitigate them, Next Dimension Accounting has cautioned.
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Vulnerable groups a key advocacy focus for Tax Institute this year
Exploring changes that can better support vulnerable groups in the tax system will be an important part of The Tax Institute’s advocacy work.
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Payroll set for major transformation this year, says Deel
As new wage laws come into place, Deel's Shannon Karaka believes payroll has never been more important for businesses.
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Demand for succession planning advice tipped to soar
A growing number of business owners need help with succession, family trust and Division 7A issues, according to an expert from HLB Mann Judd.
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Government bolsters scam education to deter fraudsters
The government has announced the rollout of another scam campaign aimed at decreasing scam losses and establishing actionable and effective strategies.
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BDO poaches more big 4 talent, breaks 300-partner mark
The hires show the firm is continuing to attract top talent from the industry, chief executive partner Tony Schiffmann has said.
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‘Ridiculous’ workloads tipping practices over the edge, expert warns
Working overtime has become the norm for many accountants with bloated client bases, according to consultant Amanda Gascoigne.
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‘Grim business future’ to be overcome by mums and pensioners: Business NSW
A shortage of critical skills and workers could be aided by mothers and seniors looking to re-enter the workforce, a recent report has found.
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SMEs dealing with ‘conflicting messages’ on cash payments, says IPA
The IPA has said that the government’s cash mandate may result in additional costs for businesses that previously switched to digital-only payments.
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Accounting ranked as one of the world’s fastest-declining jobs
The World Economic Forum has predicted AI and automation will displace many accountants, auditors and bookkeepers by 2030.
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SMC calls for teenage super law to be scrapped
The peak super body has called for the removal of an outdated super law which denies teenagers up to $10,000 from their retirement savings.
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Looming election casts uncertainty over key tax measures: Tax Institute
The upcoming election this year will make tax planning for clients more uncertain and challenging, according to the Tax Institute.
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