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

  1. Average ATO refund tumbles $430 compared to last July

    is already down by $1.7 billion. The average refund for early tax return lodgers has dropped by more than $430 compared with last year and the total amount issued has fallen by $1.7 billion, according to ATO statistics for the first month of FY23-24....

  2. ATO’s good-faith approach to crypto won’t last much longer

    The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last much longer, says a national tax and accounting network. Speaking to Accountants Daily, H&R Block director of tax communications Mark...

  3. Labor shreds last vestige of old tax policy

    The party has had a complete rethink since the last election, says Stephen Jones. Labor has ditched plans to put a $3,000 cap on deductions for preparing tax returns as it moves into election mode with “a very, very different set of policies”. There...

  4. Peak bodies fear compensation scheme could be last straw for advice industry

    and red tape, say eight of Australia’s largest financial advice industry associations. After the Compensation Scheme of Last Resort opened for consultation on 16 July, Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia, Financial...

  5. Avoid copying last year’s return, warns ATO

    Those with work expenses included in their deductions have been cautioned against copying last year’s return with changes made to the deductions. The ATO has warned taxpayers and their agents against copying work-related expense claims used previously...

  6. [Last chance] Online Learning Morning with Xero & Practice Ignition

    Promoted by Practice Ignition It’s your last chance to join us on Wednesday 14th October for this online series designed to guide Accountants & Bookkeepers in building a modern accounting practice. Practice Ignition and Xero are teaming up to bring you...

    • Type: Article
    • Author: Practice Ignition
    • Category: Business

  7. ASIC deregisters 374 SMSF auditors

    UPDATED: The regulator cancels hundreds for failing to lodge annual statements after warnings last year. ASIC has deregistered 374 SMSF auditors after they failed to lodge annual statements with cancellation notices sent out last week. The move came...

  8. Prominent tax bills set to lapse as Parliament enters last 2 sitting days

    The last two Senate sitting days will see a number of prominent tax bills, including the proposed SG amnesty, being left off the table, which will ultimately see those bills lapse when the federal election is called. The Senate’s draft legislation...

  9. Business equipment spending surged in May: CBA

    Australian business investment in equipment and machinery was up by 21 per cent in May, compared with the same period last year. The Commonwealth Bank of Australia (CBA) on Thursday released new data showing marked asset finance growth for the month of...

  10. Eastern states drive fall in job postings

    As job ads fall, every industry is experiencing more applications compared to last year, SEEK data has shown. Job advertisements declined for a second month in a row last month, driven by falls on the east coast, while job applications recorded the...

  11. New pre-fill data ‘invaluable’ amid expenses crackdown

    for the pre-filling service 2018, a work-related expenses message indicating which clients made higher-than-expected claims last year will now be available on the PLS. Further, there will be a dividend and interest income message indicating which of...

  12. ATO sheds light on crypto compliance focus

    quarantined. It applies for future years.” Mr O’Grady’s warnings follow the beginnings of an ATO crypto compliance crackdown last year, as the pandemic prompted a marked increase in consumer investment. The Tax Office has since allocated substantial...

  13. AFCA receives more than 70,000 financial complaints for 2020–21

    More than 70,000 financial complaints were received over the last 12 months, down by 12 per cent compared with the 2019–20 financial year. The Australian Financial Complaints Authority (AFCA) on Monday revealed that it had received 70,510 financial...

  14. Victoria’s 4th lockdown rattles consumer confidence: Westpac

    Consumer confidence has now fallen by 9.7 per cent over the last two months, with the largest dips recorded in Victoria and Western Australia, as house prices soar and Victoria’s lockdown induces uncertainty. The Westpac-Melbourne Institute Index of...

  15. Victoria leads steep decline in October job ads

    After months of incremental falls, demand for candidates fell away decisively last month, Seek says. A steep decline in job adverts in Victoria led the national figure decisively south last month after a run of incremental declines, according to the...

  16. What can we expect after the last COVID-19 initiative is withdrawn?

    closures and job losses. However, the insolvency situation is no longer predicted to be the tsunami that was being discussed last year. While there is likely to be a noticeable uplift in insolvency numbers, these are expected to occur in stages...

    • Type: Article
    • Author: Glenn Crisp, Jirsch Sutherland
    • Category: Business

  17. ATO’s generosity won’t last forever

    a deep dive into those figures and found that since the ATO suspended its normal collection strategy in around April last year, Australian businesses owe the ATO more than ever. Between 1 July 2020 and 31 March 2021, only six bankruptcies and three...

    • Type: Article
    • Author: Hayden Asper, Jirsch Sutherland
    • Category: Regulation

  18. BDO eyes big four territory with audit plans

    BDO managing partner Tony Schiffmann said the mid-tier has had an average 10 per cent growth in its audit division in the last 12 months despite years of stagnation. Mr Schiffmann believes the growth comes from a market shift, where clients are...

  19. Small business performance hits 4-year high: Xero

    times. Jobs growth across the sector remained above 5 per cent for the second month in a row, compared with the same period last year. All industries tracked by the index — which comprises anonymous transactions executed by its users — recorded positive...

  20. Business insolvencies set to rise as court actions jump 58%

    it shakes off the impacts of the pandemic. Among the dire results were court actions jumping a massive 58 per cent over the last quarter compared to the corresponding period last year, which is a return to pre-COVID levels and a strong indication that...

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