Tax

Crossbenchers push for $50k instant asset write-off threshold

Proposed amendments to increase the instant asset write-off and make it permanent have been voted down in the lower...

11 February 2025 • By Miranda Brownlee

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Tax

SMSFA urges government to reconsider accountants’ role in financial advice

The SMSF Association has called on the government to follow up a review of accountants’ roles in terms of their...

11 February 2025 • By Keeli Cambourne

Regulation

Government must address ‘declining ATO service standards’, says CA ANZ

The professional body is calling for greater funding for the ATO to improve its efficiency and services for tax agents.

10 February 2025 • By Miranda Brownlee

Tax

Effective record keeping critical for preventing ‘costly audits’, ATO warns

Next 5,000 groups must ensure they keep current and accurate records to avoid lengthy and costly audits, the ATO has...

10 February 2025 • By Miranda Brownlee

Tax

Senators urged to reject ‘harmful‘ super tax bill: CA ANZ

The government will fail to protect Australian farms, investors and small business owners if the super tax bill is to...

10 February 2025 • By Imogen Wilson

Super

ASFA calls for super tax changes for low income earners

The super peak body is advocating for an increase in the upper threshold of the low-income superannuation tax offset.

10 February 2025 • By Imogen Wilson

Business

Fix ATO service delays before imposing GIC changes, says COSBOA

The government should prioritise better service delivery and engagement with small business users before imposing...

07 February 2025 • By Miranda Brownlee

Tax

Concerns raised with ATO’s approach to section 109U

The ATO’s tax ruling could be better targeted towards arrangements of concern instead of a blanket approach, CPA...

07 February 2025 • By Miranda Brownlee

Tax

BDO calls for overhaul of small business concessions

Small business concessions should be a key priority of the government to ensure a “holistic review” of the Australian...

07 February 2025 • By Imogen Wilson

Tax

Instant asset write-off crucial for SMEs, says ACCI

The business advocate is urging the government to reintroduce the instant asset write-off as a permanent measure to...

07 February 2025 • By Imogen Wilson

Tax

Coalition slams GIC deduction changes as ‘brazen cash grab’

The Coalition has promised to urgently review the proposed changes to GIC deductions if they are legislated before the...

06 February 2025 • By Miranda Brownlee

Business

Gender pay gap still wide for accountants, despite remuneration increases

A recent survey has found that despite pay rises occurring across the board, a wide gender pay gap continues to...

06 February 2025 • By Kace O'Neill

Super

$3m super tax bill taken off debate schedule again

The Better Targeted Superannuation Concessions bill has been taken off the Senate debate schedule today, according to...

06 February 2025 • By Miranda Brownlee

Business

Government’s small business strategy ‘fails to deliver’, says CPA Australia

The government’s launch of the first National Small Business Strategy is another missed opportunity in creating a...

06 February 2025 • By Imogen Wilson

Business

BCA calls for fiscal tax, spending caps to rein inflation in

The Business Council of Australia has called on politicians to champion policies that rein in fiscal spending and...

05 February 2025 • By Emma Partis

Regulation

ATO reminds NFPs on looming deadline for self-review return

The Tax Office has cleared up some misconceptions around the new reporting obligations for not-for-profits with the 31...

05 February 2025 • By Miranda Brownlee

Business

Government must fix Australia's ‘bureaucratic nightmare’, warns CPA

Australia is in desperate need of policies to enhance productivity, competitiveness and prosperity, according to CPA...

05 February 2025 • By Imogen Wilson

Tax

CA ANZ pushes for government to scrap super tax concessions policy

The professional body is urging the government to scrap the superannuation tax concessions policy based on major...

05 February 2025 • By Imogen Wilson