Business

ATO unveils revised SME benchmarks for 100 industries

The Tax Office has revealed new financial benchmarks to help small business owners stay in good financial health.

18 March 2025 • By Imogen Wilson

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Appointments

TPB appoints Amanda Gascoigne as board member

Accounting industry consultant and coach Amanda Gascoigne has been appointed board member of the Tax Practitioners...

16 March 2025 • By Miranda Brownlee

Super

Government unveils draft legislation for payday super

Draft legislation that will require super to be paid at the same time as wages has been released for consultation.

14 March 2025 • By Miranda Brownlee

Tax

Government to clarify tax arrangements for MITs

Income tax laws are set to be amended to ensure investors can continue to access concessional withholding tax rates...

17 March 2025 • By Imogen Wilson

Regulation

Majority of NFPs yet to lodge self-review return as deadline looms

The ATO has issued an urgent reminder to not-for-profits with roughly only 20,000 of the total 100,000 NFPs required...

18 March 2025 • By Miranda Brownlee

Regulation

Community tip-off leads Tax Office to seize $35m of illicit tobacco

Sixteen tonnes of illicit tobacco valued at nearly $35 million have been seized by the ATO, Victoria Police and the...

17 March 2025 • By Imogen Wilson

Business

Accounting firms turn to offshoring amid worker shortages

As accounting firms continue to struggle with the talent shortage, some companies are turning to offshoring to plug...

14 March 2025 • By Emma Partis

Tax

High taxes, regulation burden driving Aussie start-ups offshore, says tax...

Australia needs to overhaul its tax mix with high taxes and excessive regulation seeing some Australians move overseas...

14 March 2025 • By Miranda Brownlee

Tax

ATO outlines current focus areas for tax 3.0 plans

Faster error detection, easier calculation of PAYG instalments and encouraging more frequent reporting are some of the...

14 March 2025 • By Miranda Brownlee

Business

SME owners must value profit margins over revenue, accountants reveal

Scaling a business should be focused on personal and profit margin goals rather than revenue growth to efficiently...

14 March 2025 • By Imogen Wilson

Regulation

Changes to tax secrecy laws could pose ‘unacceptable risk’, warns Tax Institute

The sharing of confidential tax information with bodies or agencies unrelated to tax administration raises...

13 March 2025 • By Miranda Brownlee

Business

Profitability and sustainability goals crucial for long term SME success

Individuals looking to establish a business must understand the sacrifices and challenges that can accompany it,...

13 March 2025 • By Imogen Wilson

Regulation

Accountants grapple with incoming reforms

As accountants deal with the implications of incoming AML/CTF reforms, the IPA’s chief executive has shared the...

12 March 2025 • By Captivate Q

Super

SMSFA warns against cold callers selling SMSFs

The SMSFA has issued a warning about “nefarious” cold callers selling SMSFs.

13 March 2025 • By Keeli Cambourne

Tax

ATO flags top target areas for FBT this year

The ATO has outlined some of the common errors attracting its attention with fringe benefits tax with the FBT year...

12 March 2025 • By Miranda Brownlee

Tax

Negative gearing, CGT discounts supercharging housing crisis: ACOSS

The Australian Council of Social Services has called for reforms to negative gearing and capital gains tax discounts,...

12 March 2025 • By Emma Partis

Business

December quarter unveils personal insolvency surge: AFSA

The December quarter saw a moderate increase in personal insolvencies across Australia, data from AFSA has revealed.

12 March 2025 • By Imogen Wilson

Tax

Under the Hood: What’s happening in the AD newsroom as the election looms

This week on UTH, Imogen is joined by Miranda Brownlee, editor of Accountants Daily and Accounting Times. Miranda...

11 March 2025 • By Robyn Tongol