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Assuming last is required, the following 3594 results were found.

  1. Bracket creep hands top earners biggest tax breaks, survey finds

    average tax rate is the share of income they pay in taxes while their marginal tax rate is the rate imposed on their last dollar of income. The survey found the top 10 per cent of earners had a 2.4 per cent lower tax rate in 2021 compared to 2003 while...

  2. PwC scandal goes deeper than a few bad apples, academic says

    Dr Anesa, when the advisory panel to the Board of Taxation – the body charged with advising the federal government on tax – last published a list of its members, 43 out of 48 members were current or former practitioners of advisory firms. “Don’t get me...

  3. Blame game erupts over ATO’s client-agent linking

    group, a panel composed of tax practitioners and professional bodies, such as the ICB, that has convened regularly over the last two years to discuss CAL’s design and implementation. He said the ICB’s consistent protests against the design fell on deaf...

  4. Grant Thornton makes job cuts to management consulting group

    the retirement of up to 37 partners. The firm cut 340 staff only four months ago. Within a day of that announcement last year, EY let go of 320 employees across the country. Redundancies in the consulting sector have been near ubiquitous in recent...

  5. ATO responds to IGTO guidance on debt notification

    being accessible, and learning and improving. The report was issued partly in response to the ATO’s handling of on-old debts last year after it was told by the Australian National Audit Office in 2023 that it needed to review its practices concerning...

  6. Revenues fall for over 1 in 3 sole traders, survey finds

    survey bucks a two-year trend of post-pandemic growth. More than one in three sole traders recorded a decline in revenue last quarter, with newcomers and those in creative industries struggling the most, according to a recent survey conducted by...

  7. Discretionary spending by households dips in latest data

    ABS head of business statistics Robert Ewing said growth in household spending has risen from its low point in December last year. “The 3.6 per cent rise in spending follows increases of 1.2 per cent in December, and 2.9 per cent in January,” said...

  8. Australian accounting firm held to ransom by Hunters International

    the T A Khoury & Co listing. Hunters International is a relatively young ransomware gang, having first appeared in October last year. In a short time, it has launched several high-profile attacks, including on the US subsidiary of Australian shipbuilder...

  9. Australians hit with biggest income tax increase in OECD

    and middle-income earners the most. Australians shouldered the biggest increase in income tax rates in the developed world last financial year due to bracket creep and the end of the LMITO, according to a report from the OECD. In the financial year...

  10. Service entities must face looming payroll tax issue ‘head on’, warns tax lawyer

    begin examining their payment structures and arrangements following the significant shift in the payroll tax landscape last year, according to Cooper Grace Ward Lawyers partner Sarah Lancaster. Revenue offices across various states released payroll tax...

  11. Parliamentary pipeline stalling Treasurer’s key tax reforms

    change is still change. That said, the PRRT tax has come under fire as a blunt tool, while the super tax, announced early last year, has yet to clear the lower house. Despite successfully passing changes to the PRRT designed to “deliver a fairer return...

  12. Fair Work Commission increases minimum wage by 3.75%

    households, continue to experience notwithstanding that inflation is considerably lower than it was at the time of last year’s Review.” Modern award minimum wages remain, he outlined, in real terms, lower than they were five years ago, notwithstanding...

    • Type: Article
    • Author: Kace O'Neill and Jerome Doraisamy
    • Category: Business

  13. CPA Australia calls for 2-year extension to stalled tax break

    in passing the measure was the latest in a “running joke” of announcing tax incentives but only implementing at the very last minute. “Businesses need to operate in an environment of certainty. Big announcements about tax incentives followed by a year...

  14. Airwallex posts 93% revenue surge in Australia

    strong product offerings and has flagged plans for further expansion. Airwallex recorded a 93 per cent increase in revenue last year across its Australian and New Zealand business, it announced in a statement last week. The Tencent-backed fintech, now...

  15. PwC names 22 partners in first intake since tax scandal

    of 2023. Among the new partners was chief executive Kevin Burrowes, who had his partnership transferred from the UK in July last year, the big four firm said on Monday. Burrowes said the partners would be leading their teams in delivering PwC's...

  16. Ascendant mid-tiers boost partner ranks as big 4 scale back

    as middle market adviser of choice”. RSM set a goal of having 1,750 staff in 2024. A raft of appointments at the end of last year took total numbers to over 1,800 by November. O’Rourke also commended 18 of the 22 appointments being internal promotions –...

  17. Federal Court hears ATO’s appeal of landmark Bendel decision

    doubt on how it treated unpaid trust entitlements for the past decade. A full bench of the Federal Court heard arguments last week in the Tax Office’s highly anticipated appeal of the Bendel ruling that threw more than a decade of edicts on the...

  18. SME owners ‘fearful’ about not being paid, says ASBFEO

    area of concern for small and family businesses and now accounts for 42 per cent of assistance cases, up from 36 per cent last year.” An annual summary of assistance provided to small and family businesses by ASBFEO showed there were 6,254 help requests...

  19. RBA's decision to keep rates on hold 'commendable' says BDO

    uncomfortably high. “The RBA seems to favour making its moves late in the game,” Shivadekar said. “It was one of the last central banks to start hiking rates post-pandemic, and now appears likely to be among the last to begin easing. “While the RBA will...

  20. Controversial ‘Airbnb tax’ set to become law

    as Airbnb and Stayz will apply in Victoria from next year after the state parliament passed the controversial legislation last week. The Australian-first Short Stay Levy Bill 2024 passed with 21 votes to 15 and will begin on 1 January 2025. It was...

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