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News
Government to push ahead with GIC deduction changes
A Senate committee has given the green light to a proposed measure to deny deductions for the general interest charge.
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Vehicle association calls for stricter definitions with luxury car tax changes
The fuel-efficient definition for the higher luxury car tax threshold should be limited to zero-emission cars only, the Australian Electric Vehicle Association has said.
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Dodgy tax schemes on the rise, ATO warns
The Tax Office is warning taxpayers to be wary of online tax schemes promising to help them significantly reduce or avoid paying tax.
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Stephen Jones announces retirement ahead of election call
The Financial Services Minister has announced that he will retire from federal politics at the next election.
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3 in 4 SMEs predict further cost increases this year: NAB
The rising cost of doing business, red tape and cyber security risks have been flagged as some of the top challenges by SMEs for 2025, a NAB survey has revealed.
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Transfer balance cap for super to jump to $2m
The general transfer balance cap is set to increase to $2 million on 1 July 2025, following the release of quarterly CPI data yesterday.
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ART affirms ASIC decision to disqualify SMSF auditor
The Administrative Review Tribunal has upheld ASIC's decision to disqualify an SMSF auditor for failing to comply with auditing standards.
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CPA calls for alternative strategies for reducing ATO tax debt
The government should explore more targeted measures for reducing tax debt in place of the proposed general interest charge changes, says CPA Australia.
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Mandatory service standards for super funds 'long overdue', says CPA
The professional body has voiced support for the government’s introduction of mandatory service standards for superannuation funds.
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COSBOA lobbies for modernised tax system, red tape reduction
Australia will face record insolvencies, fewer entrepreneurs and weaker competition without decisive action on tax reform and red tape reduction, the advocacy group has w...
Moore Australia appoints Jarron Puszet to lead M&A divisions in Victoria, Tasmania
Accounting firm Moore Australia has appointed Jarron Puszet to chair its M&A division in Victoria and Tasmania.
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Major tax reform critical to SME growth, government told
The business network has called for urgent tax reform to support Australian small businesses and taxpayers.
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CA ANZ appoints new president for 2025
The professional body has announced Grant Ellis as its 2025 president.
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Treasury's consultation on new oversight body ‘inadequate’, says CPA
Both CPA Australia and CA ANZ have raised questions and concerns regarding the government’s plans to merge Australia's three financial reporting bodies.
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SMSFA hits back at Chalmers over div 296 consultation claims
The SMSF Association has refuted Treasurer Jim Chalmers’ claims that the government undertook “heaps of consultation” on the $3 million super tax.
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TPB sheds light on required standards for breach reports
The Tax Practitioners Board has clarified that practitioners are not required to report breaches where a claim is based solely on hearsay or simple opinions.
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RACGP urges Qld government to pass GP payroll tax exemption
The government’s payroll tax exemption for specialist GPs is critical for improving access to this essential healthcare, the RACGP has said.
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Treasurer slams Coalition’s $20k ‘long lunch’ tax deduction
Jim Chalmers has hit out at the opposition’s proposed $20,000 tax deduction for meal and entertainment expenses, labelling it a waste of taxpayer money.
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TPB provides clarity on timeline for reporting breaches
The regulator has clarified how the breach reporting obligations operate in relation to the start date.
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William Buck announces new chair for Australia and New Zealand
Greg Travers, who has been with the firm for 25 years, has been appointed chair of William Buck Australia and New Zealand.
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