Tax

Independent MPs push for indexation on tax brackets

Crossbench MPs are calling on the government to commit to indexing income tax brackets ahead of the looming election.

04 March 2025 • By Miranda Brownlee

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Tax

ATO releases decision impact statement on anti-avoidance decision

The ATO says the Mylan decision does not disturb its view that Part IVA may apply to debt push-down schemes in some...

04 March 2025 • By Miranda Brownlee

Regulation

GST fraudsters handed jail time in Operation Protego investigation

Two fraudsters have been slapped with two years each behind bars as part of the ATO-led Operation Protego investigation.

04 March 2025 • By Imogen Wilson

Business

Bankruptcy dips as personal insolvency solutions surge, data reveals

Personal insolvency agreements are gaining traction as an effective debt management solution as businesses continue...

04 March 2025 • By Imogen Wilson

Business

Accounting Conference and Expo returns for a second year in 2025

Following a successful flagship forum last year, the ACE25 Accounting Conference and Exhibition is back for a second...

03 March 2025 • By Miranda Brownlee

Regulation

Tax Office issues warning about dodgy NFP tax avoidance schemes

The ATO has seen a resurgence in tax schemes that exploit NFP structures to avoid tax.

28 February 2025 • By Miranda Brownlee

Regulation

Accountants are facing AML scrutiny – are you prepared?

Accountants are prime targets for regulators cracking down on financial crime, and soon, Australia’s compliance...

03 March 2025 • By Captivate Q

Business

ASIC pledges to continue online scam blitz

The corporate regulator has revealed online scammers will remain “squarely in the crosshairs”, with 130 investment...

03 March 2025 • By Imogen Wilson

Regulation

ATO sets its sights on 22k taxpayers with high-value debts

The ATO is moving rapidly to deploy its full powers against a group of taxpayers who refuse to engage with it and...

03 March 2025 • By Miranda Brownlee

Business

Relief on the horizon for weak SME conditions, says ASBFEO

The reduction in interest rates is set to bring “modest relief” to SMEs as they continue to battle constrained demand...

03 March 2025 • By Imogen Wilson

Business

BlueRock acquires entertainment industry accounting firm White Sky

Advisory firm BlueRock has acquired White Sky, a company specialising in accounting services for the music and...

28 February 2025 • By Emma Partis

Tax

Tax debt avoidance a recipe for disaster, warns credit expert

Businesses are being urged to be proactive in getting ahead of any tax debt they may have to ensure they don’t “fall...

28 February 2025 • By Imogen Wilson

Regulation

Legislative change ‘crucial’ to simplifying reporting for smaller NFPs

The joint accounting bodies have called for “crucial amendments” to define which smaller not-for-profits can apply a...

28 February 2025 • By Imogen Wilson

Business

Qld SME owners urged to ‘speak up’ on government red tape reduction

Queensland's SMEs have been invited to contribute to the Crisafulli government’s red tape reduction scheme with the...

28 February 2025 • By Imogen Wilson

Regulation

Tribunal varies TPB decision to ban tax agent

A tax agent will be suspended rather than terminated after the Administrative Review Tribunal determined her...

27 February 2025 • By Miranda Brownlee

Business

Happy, cohesive business cultures lead to high performance, says expert

Business leaders should endeavour to foster a healthy, cohesive work environment to achieve high performance among...

27 February 2025 • By Imogen Wilson

Business

Cash flow, late payment struggles set to persist for SMEs, says Moneytech

Cash flow and business sustainability for small businesses are under substantial pressure as payment delays persist,...

27 February 2025 • By Imogen Wilson

Business

ATO outlines focus areas for SMSF auditor compliance in 2025

The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025.

27 February 2025 • By Keeli Cambourne