Regulation

Tax Office issues fresh warning on in-house audits

Recent data matching activities by the ATO has identified hundreds of SMSF auditors who may still be conducting...

23 April 2025 • By Miranda Brownlee

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Regulation

TPB reveals top breaches reported under the dob-in obligations

The board has outlined the common code items reported so far and assured practitioners that no “frivolous or...

21 April 2025 • By Miranda Brownlee

Super

ASFA proposes tax policies for strengthening super sector

The superannuation body has urged the incoming government to reform superannuation tax policies to strengthen...

22 April 2025 • By Imogen Wilson

Regulation

Antique goods land GST fraudster with prison sentence

A Melbourne man has been sentenced to two years and 11 months behind bars after obtaining fraudulent GST refunds...

17 April 2025 • By Imogen Wilson

Business

Industry groups urge major parties to rule out taxing unrealised gains

A coalition of industry groups are calling for both Labor and the opposition to “immediately and unequivocally rule...

16 April 2025 • By Miranda Brownlee

Tax

$1k deduction to eliminate hours of ‘low-margin, high-risk work’, accountants...

Accountants have voiced their support for Labor’s $1,000 standard deduction following criticisms against the measure...

17 April 2025 • By Imogen Wilson

Regulation

CA ANZ throws support behind Coalition’s plans for accountants in advice

The peak accounting body has strongly backed the Coalition’s “promises” around financial advice deregulation, though...

17 April 2025 • By Miranda Brownlee

Regulation

ATO VIPER taskforce arrests 14 people in latest illicit tobacco blitz

Fourteen people have been arrested following the uncovering of $4.8 million worth of illicit tobacco during an ATO...

17 April 2025 • By Imogen Wilson

Tax

ASFA’s land tax analogy and Div 296 ‘falls short’: industry leader

Remarks by ASFA chief executive Mary Delahunty that the Division 296 tax is similar to land tax “simply doesn’t hold”,...

22 April 2025 • By Keeli Cambourne

Tax

Labor’s standard deduction may expose taxpayers to ‘future tax consequences’

The $1,000 instant deduction could see taxpayers miss out on critical conversations with their accountant, exposing...

15 April 2025 • By Miranda Brownlee

Super

IFPA calls for refinements to payday super legislation to ease small business...

Payday super legislation will be a “game changer” for all Australians but further amendments must be made to ensure...

16 April 2025 • By Imogen Wilson

Regulation

ART affirms TPB decision on registration of tax agent

The Administrative Review Tribunal has upheld a decision by the TPB to reject a former tax agent’s request for...

16 April 2025 • By Miranda Brownlee

Appointments

Grant Thornton International names Greg Keith as CEO-elect

Greg Keith will take on the role of chief executive for Grant Thornton International after stepping down as chief...

16 April 2025 • By Imogen Wilson

Tax

Major parties miss the mark with tax sweetener measures

Labor and the Coalition have announced competing measures to provide tax deductions for cost-of-living relief and...

14 April 2025 • By Imogen Wilson

Regulation

Howarth reaffirms plans to expand provision of advice by accountants

Shadow financial services minister Luke Howarth has said he would support making it easier for accountants to provide...

15 April 2025 • By Miranda Brownlee

Regulation

ATO's processes with third party data-matching in need of review, says CA ANZ

The professional body says a review should be undertaken into how the ATO assesses the appropriateness of the data it...

15 April 2025 • By Miranda Brownlee

Tax

RSM offers tax time tips for cash-strapped construction businesses

Without proper planning, construction businesses can find themselves frustrated by cash flow issues when tax time...

15 April 2025 • By Emma Partis

Regulation

Urgent action needed to improve audit regulation, warns CPA

CPA Australia is calling for significant improvements to be made to ASIC’s audit oversight to restore trust and...

14 April 2025 • By Miranda Brownlee