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Assuming last is required, the following 3595 results were found.

  1. ‘A temporary stimulus measure’: $1,080 tax offset extended

    of the LMITO for a further 12 months comes after the government announced a similar extension in its October federal budget last year despite backdating its stage 2 tax cuts to 1 July 2020. Mr Frydenberg stressed that the extension of the offset was a...

  2. Shake-up in the practice management landscape for accountants

    with two big players having changed owners. First, Sage sold off their Australian business to The Access Group at the end of last year. Then American company KKR jumped through the last hoops of the ACCC in April to finally seal their deal acquiring the...

  3. Facebook browsing leads to taxpayer’s work-related deduction downfall

    as the Administrative Appeals Tribunal stresses the need for contemporaneous records ahead of tax time. The tribunal ruled last week that Shannon Spencer, a TasWater water services operator, was not allowed to claim $179 in home internet expenses for...

  4. ‘A historic opportunity’: Frydenberg doubles down on employment

    said the government has a historic opportunity to force a labour market rebound in record time, despite concerns over the lasting impacts of JobKeeper’s expiry in March. Mr Frydenberg said more than 100,000 Australians have come off income support...

  5. End of JobKeeper unlikely to slow employment growth: RBA

    that Australia could reach full employment by the end of 2022. The unemployment rate, which reached a pandemic high in July last year, has since fallen 2 percentage points to 5.6 per cent in March, as 71,000 jobs were added to the economy. “Of those new...

  6. ‘Too simplistic’: Standardised deductions aren’t a silver bullet

    work-related expenses. “As the report states, the percentage of taxpayers using a tax agent has hardly changed over the last 10 years,” Mr Jeffreys said. “Why is this? It is not because taxpayers have a significant need to have their tax agents work out...

  7. MYOB launches new superannuation selector function

    said the collaboration would be the first of many with MYOB, following the software provider’s investment in the start-up last November. “The combined functionality of MYOB and Flare will help businesses ensure their employees have a seamless experience...

  8. ATO signals crackdown on 4 ineligible work-from-home claims

    related to earning income, and cannot be claimed by taxpayers who were forced to adapt from hybrid working arrangements last year. Other ineligible expenses include those related to a child’s education, like online learning courses or laptops, as well...

  9. Government announces $1.2bn digitisation package

    community,” Mr Katf said. The three new contracts emerge off the back of the various MNS contracts signed by the ATO last year, which included a five-part deal with Optus worth $233 million, one with IBM worth $107 million, and another with Leidos...

  10. Expanding self-education deductions a ‘no-brainer’, says IPA

    only claim deductions for self-education expenses if they are directly related to their work. The proposal, contained in last year’s October federal budget, has divided the tax profession and has yet to move beyond an initial discussion paper released...

  11. Small business tasked to create 210,000 new jobs to stimulate economy

    released new research which shows that, while Australia was one of the fastest-recovering economies in the second half of last year, about 210,000 jobs need to be created across the small business sector by the end of 2021 to drive a full recovery. The...

  12. ATO signals ‘significant’ technology overhaul

    will look like from 2023”. The three new contracts emerge off the back of the various MNS contracts signed by the ATO last year, which included a five-part deal with Optus worth $233 million, one with IBM worth $107 million, and another with Leidos...

  13. BDO appoints new business services partner

    requests for our advisory offering,” Mr Saxon said. “The business environment in Australia has had to swiftly adapt in the last 12 months which is driving demand for firms that can provide clients with a strong advisory relationship supported by deep...

  14. Oracle NetSuite announces partnership with mid-tier firm

    accounting firm as part of its business process outsourcing (BPO) partner program launched across Australia and New Zealand last year. NetSuite on Tuesday announced the expansion of its BPO partner program to include a partnership with mid-tier business...

  15. Senate committee suggests separate R&D tax incentive for software

    listed companies to disclose post-capital raising. The select committee on financial technology and regulatory technology last week released its second report on how the federal government could better support research and development (R&D) activities...

  16. Frydenberg reveals $1.7bn childcare package ahead of job-focused budget

    recovery, the unemployment rate is not yet ‘comfortably below 6 per cent’,” said Mr Frydenberg in his pre-budget speech last Thursday. “We will not move to the second phase of our fiscal strategy until we are confident that we have secured the economic...

  17. ‘A nightmare’: Provisional CA ANZ members frustrated by online exam transition

    online software has just been a total disaster for the majority of us students,” said one member. “It is even worse than the last one — at least the previous software had some options, such as drawing tables within the box, and printing the exam.” “I...

  18. Taxpayers urged to keep work-from-home records

    furniture, and other household fixtures that see wear as a result of a taxpayer’s working arrangements. The Tax Office last extended its simplified working-from-home deduction method in January while New South Wales was reckoning with the containment of...

  19. ‘No benefit’: H&R Block casts doubt on standard deductions

    beyond filing them. “The role the profession plays extends far beyond tax returns, and the proof of this can be seen in the last 12 months alone where many members were the first port of call,” Ms Franks said. “With the current economic situation and...

  20. Accountants’ confidence at 6-year highs: CBA

    than 80 per cent of accounting firms surveyed by the bank reported stable or growing profits as competition eased over the last 12 months, while others struggled to find and retain talent. The Commonwealth Bank of Australia (CBA) on Thursday released...