Regulation

CA ANZ outlines key priorities for Tax Ombudsman's 2025-26 work plan

The Tax Ombudsman must immediately review the ATO’s remission of GIC, client-agent linking, compromised accounts and...

28 May 2025 • By Imogen Wilson

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Tax

Beware the early lodgment tax trap, CPA Australia warns

Rushing to lodge tax returns on time is likely to be one of the “biggest and most common” mistakes made by taxpayers...

27 May 2025 • By Imogen Wilson

Business

Tribunal upholds ATO’s position in COVID-19 payment case

A consulting business has failed to prove its entitlement to cash flow support payments that were provided to...

27 May 2025 • By Miranda Brownlee

Tax

Family groups must start tax planning now, says Grant Thornton

The professional services firm has released tax planning advice for family groups ahead of the financial year.

27 May 2025 • By Imogen Wilson

Business

ATO flags areas of concern for small business in latest campaign

The Tax Office will further build on its ‘ready for business’ campaign for small businesses in the coming months by...

27 May 2025 • By Imogen Wilson

Business

Heffron MD to discuss the super landscape at ACE25 Accounting Conference & Expo

Accountants Daily is pleased to welcome Meg Heffron, managing director at Heffron, to deliver a keynote on how...

26 May 2025 • By Miranda Brownlee

Business

Principal lawyer joins speaker line-up for ACE25 Accounting Conference & Expo

Kaitilin Lowdon, principal lawyer at Sladen Legal, will deliver a keynote address providing the latest insights on...

26 May 2025 • By Miranda Brownlee

Tax

Tax practitioners warned on emerging issues with family trust elections

A tax specialist has flagged some of the practical problems arising with family trust elections and family trust...

24 May 2025 • By Miranda Brownlee

Business

Trusts here to stay despite mounting complexities, says KPMG partner

A tax advisory specialist has said trusts will remain a fundamental part of the tax system despite many businesses...

25 May 2025 • By Miranda Brownlee

Business

Businesses must avoid promoting ‘accidental leaders’, expert cautions

Under-trained leaders can be detrimental to the success of their team and broader organisation if not addressed and...

26 May 2025 • By Imogen Wilson

Tax

Treasurer claims ‘no alternative’ to taxing unrealised capital gains

Treasurer Jim Chalmers said after three rounds of consultation “nobody” could propose a better way to calculate how...

26 May 2025 • By Keeli Cambourne

Business

Insolvencies plateau but tariff risks loom, CreditorWatch warns

Insolvencies have remained steady in recent months, but tariff uncertainty could impact the near-term business...

23 May 2025 • By Emma Partis

Tax

ATO issues EOFY checklist to trustees

The Tax Office has created a checklist to help trustees avoid basic trust errors with the 30 June deadline for trust...

23 May 2025 • By Miranda Brownlee

Business

Experts outline business preparation for looming code obligations

Businesses and tax practitioners have been urged to ensure they have effective quality management systems in place as...

23 May 2025 • By Imogen Wilson

Tax

Poor succession planning exposing private groups to major tax bills: ATO

Privately owned and wealthy groups are increasingly being hit with unexpected tax consequences as the Tax Office homes...

23 May 2025 • By Miranda Brownlee

Tax

Issues with family trust distribution tax on the rise, ATO warns

Inadequate record keeping and succession planning can increase the risk of family trust distributions tax, the ATO has...

22 May 2025 • By Miranda Brownlee

Business

Cash flow issues, inflation still plaguing businesses, NAB survey finds

Cash flow is the number one concern keeping small and medium business owners awake at night, a survey has found.

22 May 2025 • By Emma Partis

Super

Div 296 to drive surge in administration, audit costs: IPA

The complexities with calculating the new super tax for funds with defined benefits or those with illiquid assets will...

22 May 2025 • By Miranda Brownlee