Tax

ATO issues alert on guarantee arrangements and Division 7A

A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for...

13 December 2024 • By Miranda Brownlee

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Business

Consumers warned to avoid post-Christmas ‘spending hangover’

Australian consumers are set to spend an average of $800 each to fund Christmas gifts, holidays and celebrations,...

13 December 2024 • By Imogen Wilson

Business

Survey reveals critical lack of tax knowledge among professionals

Tax professionals lack thorough tax education with 72 per cent revealing their university degree left them...

13 December 2024 • By Imogen Wilson

Business

SMEs set to face 7 major challenges in 2025, research reveals

Tighter employee laws, increased competition and cyber attacks are among the seven challenges SMEs are set to face in...

20 December 2024 • By Imogen Wilson

Super

Government tipped to explore further super tax changes: Generation Life

The government will likely look at further superannuation policy changes shortly despite the challenges it has faced...

23 December 2024 • By Miranda Brownlee

Regulation

ATO cracks down on advisers abusing tax breaks for start-ups

Advisers are exploiting the early-stage investor tax offset through dodgy circular financing arrangements, the ATO has...

12 December 2024 • By Christine Chen

Tax

ATO to home in on incorrect tax residency claims

The Tax Office has revealed a proportion of private group taxpayers were found to be incorrectly lodging as...

12 December 2024 • By Imogen Wilson

Business

Victorian business confidence and investment at all-time low

CPA Australia has advised the Victorian government to take more substantial action in the fight for business...

12 December 2024 • By Imogen Wilson

Tax

How gifts this Christmas could trigger ATO scrutiny

Tax rules around presents received during the holidays are more complex than people might think, according to one HLB...

20 December 2024 • By Christine Chen

Business

Cash flow concerns a nightmare for Aussie SMEs: NAB

Cash flow remained the top concern for small business owners throughout Q3, according to NAB’s SME Business Insights.

12 December 2024 • By Imogen Wilson

Regulation

Tax Office flags concerns with related-party financing in construction

The ATO has raised concerns about some businesses claiming excessive debt deductions and shifting profits overseas in...

11 December 2024 • By Miranda Brownlee

Business

RBA delivers final interest rate decision for 2024

The Reserve Bank has announced its cash rate decision for December.

10 December 2024 • By Miranda Brownlee

Regulation

ATO to launch dob-in tool for tax agents to report clients

The digital platform will support compliance with new TASA code obligations requiring practitioners to report clients...

11 December 2024 • By Christine Chen

Business

ATO defends NFP reporting rules amid sector concerns

Around one in 10 have already lodged a self-review return ahead of the March deadline, according to an assistant...

20 December 2024 • By Christine Chen

Business

SME cash flow confidence for 2025 is on the rise, Zoho reveals

Australian small businesses are predicting an increase in their cash flow over the next three to 12 months despite...

11 December 2024 • By Imogen Wilson

Business

Aussie SMEs in critical need of debt support, data reveals

Australian small businesses need help with managing and understanding their business debt, according to research from...

11 December 2024 • By Imogen Wilson

Regulation

Social media scams dominate losses in 2024, ACCC finds

Scammers exploiting online platforms fleeced Australians out of $58 million, topping all other fraud categories.

10 December 2024 • By Christine Chen

Business

ATO issues new ‘good governance’ checklist for NFPs

The Tax Office has reminded not-for-profit organisations to vigilantly check tax and super obligations are being met...

10 December 2024 • By Imogen Wilson