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Assuming last is required, the following 3592 results were found.

  1. ATO issues $23m in assessments after latest ESST raids

    suspected of using, manufacturing, or supplying electronic sales suppression tools (ESSTs) to avoid paying tax. Over the last two weeks, ATO officers led raids on 17 premises associated with three businesses suspected of supplying or manufacturing ESSTs...

  2. RACGP calls for clarity on payroll tax promise in Tasmania

    or at the very least clarify exactly what it is they are promising or committing to.” The Tasmanian Labor party announced last month that under a Labor government, GPs will have certainty they will not be subject to payroll tax. Labor said it will...

  3. PwC ousted acting CEO Kristin Stubbins ‘against her will’, inquiry hears

    after it used its management powers to seize control of the local arm in response to the tax leaks scandal. During a hearing last month, they accused it of “thumbing its nose at Parliament” by withholding a key report on international partners’...

  4. Personal insolvencies continue to soar in early 2024

    Personal insolvencies increased by almost a third in January compared with the same period last year, according to the latest AFSA data. The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also...

  5. National AI Centre offers free AI education to SMEs

    help businesses to develop and use safe and responsible AI, including the establishment of a Temporary Expert Advisory Group last month, and developing an AI safety standard.” The government understands the benefits to small businesses across the...

  6. Uni funding overhaul a ‘game changer’ for accountant shortage

    the government should prioritise accounting the way it has prioritised areas like health and STEM. The report, released last week, recommended 47 changes to guide the future of Australia’s tertiary education system, setting ambitious growth targets like...

  7. Pandemic super withdrawals to cost taxpayers $85bn

    CA ANZ has called on the government to tighten rules around illegal access of super by SMSF trustees after the ATO estimated last month that $381 million had been illegally withdrawn from SMSFs in 2020 and $256 million in 2021. “The government needs to...

  8. Looking back and thinking forward: The insolvency landscape in 2024 and beyond

    afloat throughout the pandemic. In addition to this, major banks’ share prices have risen approximately 15 per cent in the last 6 months. Considering these factors, and the continuing effect of the 2019 Royal Commission into Banking which left...

    • Type: Article
    • Author: Trevor Withane, Ironbridge Legal
    • Category: Business

  9. Xero goes all in on AI with accounting chatbot launch

    It comes after Xero rolled out an AI assistant to onboard customers, added generative AI to its support portal Xero Central last year, and machine learning to generate bank reconciliation predictions. Xero said early testing showed customers using Xero...

  10. Professional bodies struggling to hold back government overreach

    incorporated in a future Bill. Unfortunately, the Bill proceeded into law with the Greens amendments intact, in November last year. We had no issue with the policy intent and policy objective, but good intentions do not equal good law, particularly when...

  11. Retail spending flattens as consumers curb spending, ABS data shows

    is not likely to happen before Q3 2024.” The ABS data showed that turnover rebounded in all non-food industries following last month’s falls with clothing, footwear and accessory retailing seeing the largest rise at 2.4 per cent. This was followed by...

  12. ‘Proportionate response’ needed on consulting firm inquiries, cautions IPA

    and restrictions around appointments to the TPB were introduced without any consultation or explanatory memorandum. The last minute amendments made to Tax Law Amendment (2023 Measures No.1) Bill (TLAB1), will require tax agents to notify the TPB if they...

  13. ATO issues ‘last warning’ on overdue TPARs

    letters about their overdue TPAR and haven’t lodged their 2023 or prior year TPAR,” said the ATO in a recent update. “Last year we issued approximately $18m in penalties to more than 11,000 businesses,” it said. The ATO reminded tax professionals that...

  14. From Traditional to Tech-Savvy - Accounting Firms Plan Increased Tech Spend

    According to 76% of respondents, the number of employees in their internal audit department has increased or stayed the same last year. In the past year, 45% have seen growth in ESG-related audit work.

    • Type: Article
    • Author: Caseware
    • Category: Business

  15. Revised tax cuts pass both houses

    a tax cut but middle Australia gets a bigger tax cut,” said Dr Chalmers, following the announcement of redesigned policy last month. The Senate also passed the Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024 on Tuesday, which increases...

  16. Government, industry clash over controversial ‘recycling tax’

    capacity in Australia by 1.3 million tonnes.” In 2020, federal and state governments agreed to ban the export of waste plastic, paper, glass and tyres while building domestic capacity to generate “high-value recycled commodities”. The Recycling and...

  17. MYOB and Stripe partnership to streamline billing process

    The update to MYOB’s billing comes after the implementation of online invoice payments for MYOB’s New Zealand customers last year, using Stripe Connect. Stripe ANZ managing director Karl Durrance said that 68 per cent of finance leaders believe that...

  18. Rein in ‘enormous’ big 4 partnerships, small firms urge

    are limited to 50 people, and legal partnerships are capped at 400. Witnesses previously told the committee during hearings last year that the model, which was outside the scope of the Corporations Act, meant the firms could operate with “absolutely no...

  19. Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’

    reflection of what this committee and the other committee and the fourth estate has uncovered.” CA ANZ amended its by-laws last year to close loopholes around prosecuting former members who breached its ethical framework. But the body's general counsel,...

  20. ‘No reason’ for gas industry’s generous anti-avoidance rules

    few technical amendments” concerning uplift rates and onshore projects were made to the PRRT rules in 2019, it was not until last year’s federal budget that the government provided a “holistic response” to the Callaghan report, said Mr Telford. In May...

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