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ScotPac, Gallagher partner for better SME finance and insurance services
The deal will allow clients to easily access both firms’ products as well as preferential premiums and rates.
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Payroll tax for GPs scrapped in Victoria, SA
The RACGP says all states must follow suit and abolish the “disastrous” impost, while tax advisers have called for more certainty over the “complex” exemptions.
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Revolut expands services to Australian sole traders
Fintech firm Revolut has launched an offering specifically for sole traders in Australia through its Revolut Business product.
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Parliamentary pipeline stalling Treasurer’s key tax reforms
The budget has been criticised for a light-on tax reform package and now opposition forces are stalling the progress of the changes it did commit to.
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Joint bodies push for ‘problematic’ accountants’ certificates to be scrapped
Accountants’ certificates are increasingly exposing accountants to significant personal risk and should be removed from the wholesale investor tests, accounting bodies ...
ATO warns taxpayers on ‘double dipping’ with WFH deductions
Tax professionals should ensure clients are aware of the broader scope of deductions covered under the fixed rate method, the ATO cautions.
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Cyber scams to spike 400% at tax time, CBA warns
Experts say scammers will ramp up efforts to steal tax and super portal login details through AI-enhanced phishing emails and texts.
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SMEs face recession-like conditions as consumer spending dries up
Low demand but high cost pressures are hitting hospitality businesses the hardest, CreditorWatch says.
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TPB releases guidance on planning for practitioner incapacity
The guidance is aimed at assisting practitioners to put arrangements for unforeseen circumstances in place.
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ATO flags top problem areas for rental property deductions
Investors incorrectly apportioning interest from investment loans and confusion between repairs and improvements are some of the main issues, says the ATO.
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Insolvency accountant awarded liquidator licence at Mackay Goodwin
The insolvency and restructuring firm has announced that Nelson Huang has received his liquidator licence.
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ATO affirms Federal Court’s ‘employee’ definition for super purposes
The finding that superannuation entitlements extend only to natural persons and not partnerships accords with submissions made by the Tax Commissioner.
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AAT sets aside trustee disqualification
The tribunal has overturned the commissioner’s decision to disqualify an individual from acting as an SMSF trustee despite serious breaches that were made.
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Dob-in provisions to pose major issues for common scenarios
The breach reporting obligations will cause significant headaches for practitioners across a wide range of real-life scenarios, a tax expert warns.
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ATO funding to bring more taxpayers under real-time scrutiny
Dealing with the Tax Office should now be seen as a regular cost of doing business, one expert says.
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Promoter penalties, whistleblower, TPB reforms pass Parliament
Labor’s bill containing reforms that respond to the PwC scandal and PRRT amendments has finally passed both houses after a deal was struck with the Greens.
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Ignition appoints global president to drive next growth phase
The software platform has appointed Greg Strickland to oversee all operational aspects of the business globally.
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‘Culture eats strategy for breakfast’: how this applies to accountants
The famous quote by management consultant Peter Drucker is relevant for accountants wanting to attract and retain talent amid the labour shortage, according to an executi...
Instant asset write-off the latest ‘political football’, says NTAA
Disputes between parties over the size of proposed increases to the instant asset write-off threshold have seen the measure remain stalled in Parliament.
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Court rules against Qld businessman’s EY-inspired tax schemes
The founder of surfwear brand Billabong used advice from EY to minimise tax from the sale of his bioplastics company, according to the Federal Court.
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