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SMEs ‘complacent’ with bank fees, data reveals
SMEs are being slapped with hidden bank fee expenses potentially costing them thousands, new research from Money Transfer Australia has suggested.
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Treasury releases draft amendments to code of conduct instrument
The government has released draft amendment clarifying its expectations on how sections 15 and 45 of the instrument will operate.
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Auditor Proud Day hits decade of international recognition
Professional bodies and accounting firms have recognised the crucial role played by the auditors with today marking the 10th year of Auditor Proud Day.
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Denying deductions for SIC, GIC ‘a hammer blow for small business’
CPA Australia has expressed concern about changes to deny deductions for the general interest charge and shortfall interest charge following the release of draft legislat...
SMSFAI set to bolster SMSF landscape with AI innovation
New company SMSFAI has announced its official launch aimed at redefining the SMSF administration process with advanced technology.
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Taxpayers must apply unused super caps, AAT rules
The tribunal has rejected a taxpayer’s argument that he could choose when to carry forward his unused concessional contributions cap.
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RBA's decision to keep rates on hold 'commendable' says BDO
The Reserve Bank's decision to hold its ground on interest rates is a sensible economic move with political pressure to make a cut mounting.
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Treasurer reveals additional cost-of-living relief solutions
The Albanese government has rolled out another Commonwealth Rent Assistance increase and payment indexations among other measures to help Australians tackle the cost of l...
Australian accountant indicted for part in multi-decade tax conspiracy
An Australian accountant and a film producer have been indicted by a federal grand jury for a multi-decade tax conspiracy to defraud the US.
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Finalists unveiled for Women in Finance Awards 2024
Accountants, accounting consultants, and auditors are in the running to win one of the coveted Women in Finance Awards 2024.
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Federal Court dismisses appeal in tax dispute over settlement payment
The court has upheld an earlier AAT decision, ruling that a $1 million settlement payment made by an insurer to a doctor was assessable income.
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Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
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WA woman faces jail time for illegal early release scheme
A Western Australian woman has been sentenced to three years in prison for submitting fraudulent applications to obtain illegal access to superannuation benefits.
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Tax agent accused of $231k BAS fraud loses bid to halt TPB ban
A Sydney practitioner has failed to convince the AAT to confidentially stay the regulator’s termination decision.
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PwC ignored warnings to green light Seymour’s CEO bid, inquiry hears
Tom Seymour, who was head of tax at the time of the firm’s confidentiality breaches, was allowed to run for the top job despite opposition from executives and the ATO.
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ATO announces myGovID revamp to end user confusion
From November, the service will be called “myID” after an audit found users kept mixing it up with myGov.
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Why this ‘peri warrior’ is against menopause leave
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
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Reprimand for lawyer who dodged 9 tax returns
A solicitor convicted for failing to complete yearly income tax returns was reprimanded and barred from practising until 2026.
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Class report uncovers $825m tax risk among SMSFs
The latest Annual Benchmark Report from Class has estimated the potential impact of Division 296 tax and highlighted the top unmet advice needs for SMSFs.
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Bill to pay super on parental leave passes Parliament
The payment of superannuation on paid parental leave will boost the retirement incomes of hundreds of thousands of Australians, super funds and unions have said.
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