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  1. Former mob wife fails to overturn $1,442,534 tax bill

    of dollars in unpaid income tax as part of a broader NSW Police inquiry into the ‘Ahmad Group’ organised crime family. Late last month (26 September), the Administrative Review Tribunal declined to overturn Latifah Ahmad’s $1,442,534 tax bill, which...

  2. SMEs are buckling under the weight of insurance premiums, ACCI says

    take steps to mitigate their risk exposure to threats such as cyber-attacks, workplace hazards and physical security.” Late last year and earlier this year, Business NSW was significantly vocal about insurance premiums and how they were “slowly boiling...

  3. Lawyer further penalised for dodgy creditor scheme

    of unsatisfactory professional conduct and professional misconduct and recommended her removal from the roll of solicitors. Last July, Grubisa and DG Institute were ordered by the Federal Court to pay millions of dollars in penalties and redress for...

  4. ‘This cause means the world to us’: NSW accounting firm donates $9k to animal rescue

    $20 to SoCares. Thanks to overwhelming client support, the firm said, the initiative raised $9,040, “more than double last year’s donation”. Tax Stuff director and owner Brad Anthonisz is passionate about the cause, having adopted a staffy-ridgeback...

  5. Personal insolvencies see uptick in FY24–25

    were insolvent deceased estates. Beresford said that while the number of recorded personal insolvencies had fallen over the last eight years, AFSA had strived to be proactive in its regulatory posture across its education, compliance, and enforcement...

  6. ATO NALI ruling is welcome, but gaps remain, SMSF Association says

    The SMSF Association has welcomed a long-awaited ruling from the ATO regarding non-arm’s length income and contributions. Last Wednesday (24 September), the Commissioner of Taxation published its rulings on non-arm’s length income (LCR 2021/2) and...

  7. RBA delivers September 2025 rate call

    decision, Commonwealth Bank, Westpac, NAB, and ANZ each predicted that the RBA would hold the cash rate steady in September. Last Wednesday (24 September), it was revealed that the August headline inflation rate had climbed to 3.0 per cent, its highest...

  8. Using Tax Depreciation Schedules to Improve Client Cash Flow

    removable assets such as carpets, appliances, blinds, ceiling fans, and air conditioning. One tax depreciation schedule can last up to 40 years, giving long-term value. Without it, clients often miss thousands of dollars in fully tax deductible legal...

    • Type: Article
    • Author: Duo Tax
    • Category: Tax

  9. More certainty for accountants in revised LCR

    financial advisers.” Figot said updates to Tax Ruling 2010/1 on superannuation contributions, which were released late last week, have also clarified the issue of contributions by way of value shifting. “The update does clarify that if you make a...

  10. Bribery, brothels, breaches of confidence: ATO officer loses appeal against imprisonment

    his “contrition and remorse,” and his sentence should be reduced as he had pleaded guilty and co-operated with authorities. Last Wednesday (24 September), the NSW Supreme Court rejected his appeal, finding that Wei’s cooperation had not warranted...

  11. How to detect and prevent elder abuse when advising older clients: RSM

    and advisors come across whilst working with older clients. So, what are the red flags, and what can be done in response? Last Wednesday (24 September), RSM Perth partner Katie Timms told the Class Ignite conference about common red flags that could...

  12. The questions that actually get clients talking

    to the questions you ask. Instead of "How's business?" try: "What's keeping you busy at the moment?" "What's different from last year?" "What's your biggest challenge right now?" Instead of "Any problems?" try: "What decisions are you avoiding?" "What...

  13. Grattan proposal raises ‘serious concerns’: auditing expert

    servants. They may have good intentions, but most have never sat with a retiree trying to figure out how to make their money last or how to plan for aged care.” However, Randeria said she does support some of the ideas the Grattan Institute proposed,...

  14. Why auditors are the guardians of trust in the age of AI

    and fast-moving artificial intelligence (AI), the role of the auditor is more vital than ever. Every Auditor Proud Day - the last Thursday in September - we celebrate a profession that modestly underpins the trust on which our financial and business...

  15. Tax Office, Victorian police seize 18k cigarettes, $100k in cash

    Crossing, Victoria. In a joint statement with the Victorian Police, the Tax Office said search warrants were executed last week at the suspected properties in Melbourne as part of Operation Beach, which saw the destruction of illicit tobacco crops with...

  16. The untapped strategic advantage of ethical culture for accountants, auditors

    must embrace an ethical culture as a strategic advantage and discouraged practitioners from having a compliance mindset. Last week, at the Ethics & Independence Conference, hosted by the International Code of Ethics for Professional Accountants, the...

  17. ASIC chair Joseph Longo to step down

    including a doubling of ASIC’s investigation numbers and a 20 per cent increase in civil enforcement proceedings over the last five years. ASIC had also received greater funding to stabilise critical business registers and produced landmark reports and...

  18. Son Pham – Managing Director

    current and aspiring commercial property investors. The course is open to both clients and the public. In its second intake last year, 71 students enrolled—resulting in a strong pipeline of qualified new enquiries. Inside Commercial Property Podcast:...

    • Type: Article
    • Author: Rethink Financing
    • Category: Profiles

  19. Avoid last-minute AML/CTF scramble, warns recruiter

    Simon Rippon, a recruitment specialist at Momenta, told Accountants Daily that firms that left AML/CTF compliance to the last minute could be left scrambling for talent and expertise by mid-next year. From 1 July 2026, accounting firms that provide...

  20. ‘Better nation, better conversation’: Spender, Richardson’s take on tax reform

    In the aftermath of the highly anticipated Economic Reform Roundtable last month, the conversation on tax reform is set to be “kept alive” by independent MP Allegra Spender. Federal member for Wentworth Allegra Spender is driving hard for the tax...

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