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News
SMC endorses Parliament move to amend death beneficiary laws
The peak super body has strongly welcomed the parliamentary joint inquiry into stopping abusers from receiving their victims’ superannuation.
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Federal government rules out small business definition change for 2024
Crossbenchers support changing the definition of ‘small business’ but amendments are unlikely to occur before the federal election.
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ATO slams wealthiest taxpayers’ lax record keeping
Governance and record-keeping gaps are driving tax errors among the Next 5,000 group, the Tax Office has said.
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GST fraudsters to face ‘full force of the law’: ATO
The Tax Office has the tools and resources to uncover even the most elaborate schemes, a deputy commissioner has warned.
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Investors reminded on looming capital gains withholding changes
The Tax Office has reminded foreign investors and Australian residents to be aware of upcoming changes to the foreign resident capital gains withholding rules.
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Businesses forced to pay more to retain and attract reliable employees
NSW businesses have had to boost pay and improve working conditions to continue attracting skilled workers.
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GST a critical lever in tax reform approach: Allegra Spender
A review of GST must form part of any major tax reform approach by the government despite the potential political fallout, the member for Wentworth has said.
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Migrant accountants, auditors added to visa fast-track list
CA ANZ has hailed the outcome as a “hard-fought” win for the industry as firms grapple with skills shortages.
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Iris Software snaps up Dext in multi-million-dollar deal
Iris Software has announced the acquisition of Dext to deliver complementary and fully integrated, end-to-end solutions for accountants, bookkeepers and businesses.
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Motion to split controversial super bill could work in sector’s favour
A motion to split the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 could work in favour of forcing amendments to th...
Vanuatuan matriarch’s $33m sent to brother not taxable, court rules
The ATO has failed to show a Vanuatuan supermarket chain owner's transfers to family members in Australia were “ordinary income”.
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Tax agent cautioned over rogue employee’s $319k client refund theft
The TPB cited supervision failures and privacy breaches after an employee used the agent’s myGovID to misappropriate funds.
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The Access Group launches software platform to boost data security
The Access Group has revealed its largest technology investment, Access Evo, is set to launch in early 2025.
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MYOB launches new app to support sole operators
The tech company has announced the launch of its new app, Solo by MYOB, tailored for sole operators.
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Taxpayers using ATO Community at risk of ‘plainly wrong’ advice
The Tax Office’s popular online discussion forum is facing criticism for spreading incorrect advice on issues as basic as the capital gains discount.
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TPB issues warning on outsourced services and code changes
The regulator has stressed that firms using outsourced services will be responsible for the quality control of the outsourcing arrangement under the new code changes.
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Designer bags land woman behind bars in Operation Protego
An Operation Protego investigation has landed a luxury spender with a sentence of two years and eight months in prison.
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The Tax Institute names 2025 president
The Tax Institute has revealed Tim Sandow will step up as president for 2025.
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Small business laments deferral of instant asset write-off measure: COSBOA
The deferral of the instant asset write-off measure till next year has again left small businesses in an uncertain position, COSBOA has said.
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PwC scandal shows ‘biggest is never best’
The big four’s vast partnerships and profiteering inevitably lead to ethical failures unlike smaller firms, experts have said.
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