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Assuming last is required, the following 3591 results were found.

  1. ATO issues further advice to NFPs on self-review return

    for lodging the self-review return through ATO's phone service and other details about its compliance approach. In an update last week, the ATO said while not-for-profits (NFPs) are now starting to lodge their self-review returns and update the details...

  2. Young accountants at risk of ‘burnout’, warns Springfox

    also expressed concerns about attracting and retaining younger professionals in accounting roles, having released a campaign last month to attract more people to the industry. Sigley said protecting junior accountants from burnout is crucial for their...

  3. Voluntary tax believer fined $15k for bogus trust deductions

    due to her personal circumstances and the fact the ATO never paid out the refund. But the AAT dismissed these arguments last week, with deputy president Ian Hanger finding that “no reasonable person” could believe they were complying with tax laws while...

  4. Government to overhaul ‘poorly executed’ data sharing rules

    CDR data standards, based on the very low level of usage that they observe among their customer base,” the review, released last week, said. Jones flagged plans to get the roll-out back on track and to expand CDR to non-bank lenders in 2025. He said the...

  5. Profession’s pyrrhic victory

    and felt the thrill of victory when the Assistant Treasurer, Stephen Jones MP, wrote to the accounting bodies at the end of last month and announced that the implementation of the Legislative Instrument, Tax Agent Services (Code of Professional Conduct)...

  6. Breaking down the latest in accounting technology

    called NetCash, which helps NetSuite users with easier bank feeds to speed up the bank reconciliation process. That’s the last of our app news. Moving into the GL world… Intuit have introduced QuickBooks Ledger: low cost solution for simple clients....

  7. TPB treads fine line with new tax agent rules

    and guidance to resolve unsettled issues with the determination made by Assistant Treasurer Stephen Jones at the start of last month. Small accounting and bookkeeping businesses have feared the additional workloads created by record keeping, quality...

  8. ATO issues reminder on record-keeping requirements for taxpayers

    expenses are the largest category of deductions the ATO sees for individuals each year, with more than 8 million claims last year,” he said. “Keeping good records can reduce the cost of managing your tax affairs and ensures you can claim all expenses...

  9. RBA’s rates decision ‘reduces recession risk’ for Australia

    Bank is walking a tightrope, balancing its twin objectives to fight inflation and maximise employment in the economy." "Last week’s CPI figures show two things. First, that annual core inflation is already trending down without further rate hikes and...

  10. Accountants urged to hike fees as new rules squeeze industry

    start on 1 August. After intense industry backlash over the obligations and short implementation time frame, Jones announced last week that small firms with fewer than 100 employees would be given until 1 July next year to comply. The start date for...

  11. Coalition continues push to make instant asset write-off permanent

    Credit Code to buy now, pay later services. The bill was referred to the Senate Economic Legislation Committee early last month. The committee said it welcomed the measures in the bill which would introduce "appropriate regulation of the BNPL industry,...

  12. PwC CEO’s secret $1.2m payment sparks fresh ethics concerns

    transparent” with Parliament. Chief risk and ethics officer Jan McCahey, who only found out about the payment last month while preparing for the committee hearing, said the work Burrowes was doing for PwC International and Australia was “very aligned”....

  13. ETF investors warned against rushing tax returns

    have yet received all the relevant information required for their return, the Institute of Public Accountants has warned. Last week the ATO stated that taxpayers with simple financial affairs could now lodge their tax returns with the Tax Office having...

  14. ASBFEO’s small business indicator reveals decline in conditions

    launched by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has shown that conditions over the last 12 months for small businesses have deteriorated by 3.5 per cent. ASBFEO Bruce Billson said the ‘Small Business Pulse’ is an...

  15. Tax industry claims partial victory against government’s code changes

    do to stop obligations around client disclosures and confidentiality from materialising. Assistant Treasurer Stephen Jones’ last-minute announcement on the eve of the 1 August start date comes after weeks of warnings and intense lobbying from the...

  16. Women in Finance Summit 2024 launches

    After a successful inaugural event last year, the Women in Finance Summit is returning in 2024 with more business insights and networking opportunities. The Women in Finance Summit 2024 will be held on Friday, 15 November 2024 at Hyatt Regency, Sydney,...

  17. ATO gives taxpayers green light to lodge returns

    from previous years as rules around claims could change. “Make sure you don’t just ‘copy and paste’ your deductions from last year, because you might be missing out on everything you’re entitled to. Check out the guidance on our website about what you...

  18. Stephen Jones retains role in recent Ministry shake up

    code of conduct. The determination is the first use of new ministerial powers provided under legislation that was enacted last year in Treasury Laws Amendment (2023 Measures No. 1) Bill 2023. The legislation enables a Minister to supplement the existing...

  19. Small businesses secure $41m in energy grants

    have been given $41 million in grants to save on energy bills and reduce their carbon footprint, the government announced last week. The federal funding comes from the second round of the Energy Efficiency Grants for Small and Medium Sized Enterprises...

  20. Three-quarters of Australians back wealth tax amid rising inequality

    most Australians support more action to rein in the ultra-rich as the G20 agreed to work on a 2 per cent levy on assets last week. Around three-quarters of Australians support a tax on billionaires to curb rising inequality that has reached “obscene”...

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