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Assuming last is required, the following 3593 results were found.

  1. $1m penalties set to kick in for dodgy sales tools

    sales suppression tools will have just over three weeks to come clean before $1 million penalties kick in. New laws passed last year made it illegal to manufacture, distribute, possess, use or sell electronic sales suppression tools (ESSTs). According...

  2. $1m in GST fraud lands director in jail

    in similar behaviour: if you break the law we will hold you accountable, even if it means pursuing you in the courts.” Last week, a New Zealand resident was sentenced to five years and 10 months in jail for fraudulently claiming GST refunds as a...

  3. $19m digital advice program aims to move small businesses online

    1997. A 120 per cent tax deduction for spending on digital uptake by small business, introduced by the former government in last year’s budget and widely welcomed by the sector, has yet to be made law. It would allow businesses with an annual turnover...

  4. $18m cyber package targets ‘biggest fears’ of small business

    resilient nation, and this dedicated support will make a huge difference in their preparedness and resilience,” she said. Last week, the Australian Signals Directorate revealed that cyber crimes were reported every six minutes in FY23 and the average...

  5. $17.5 billion in lost super sees savings ‘eroded’

    in the NT. The latest round of postcode data also shows that Victorians had the biggest boost to their retirement savings last year, with a reduction of over $174 million in lost and unclaimed across the state. Mr Whyte said people often lose contact...

  6. $16bn: Small business owes ATO big

    Almost one in five Australian SMEs entered into payment plans with the ATO last financial year, as they struggle to pay a collective tax bill of over $16 billion. Sail Finance recently revealed the findings of a sample poll of finance brokers it had...

  7. $150k instant asset write-off extended for 6 months

    asset write-off has seen its threshold bumped up in recent times, moving to $25,000 and then $30,000 in the build up to last year’s federal election, before jumping to $150,000 as part of the government’s first round of stimulus measures in response to...

  8. $13bn in JobKeeper pocketed by profitable businesses

    $12.5 billion in JobKeeper payments were made to businesses that didn’t record a shortfall in revenue between April and June last year. The PBO also found that $4.6 billion was paid to 157,650 firms whose turnover actually increased over the same...

  9. $12m illegal tobacco haul destroyed in NSW

    and police, also found a number of safes containing unlicensed firearms and ammunition. One person was arrested in the raids last week. ATO Assistant Commissioner Jade Hawkins said organised crime was behind illegal tobacco cultivation and innocent...

  10. $10m tax scandal lands 6 fraudsters with combined 43-year sentence

    investigation of a serious organised criminal syndicate that had allegedly defrauded the Commonwealth. In a joint statement last week, the bodies said the Commonwealth was taken advantage of by the syndicate through labour hire and payroll companies...

  11. $10bn in refunds paid out as taxpayers ignore early lodging warnings

    this year has seen the ATO refund $10 billion to taxpayers this tax time, tracking more than $2 billion from this time last year. Over 4 million tax return refunds have now been sent out, compared to 3 million refunds issued in the same period last...

  12. $1,080 tax offset saved rather than spent, new survey shows

    so, according to a survey of 1,006 taxpayers by money.com.au. The tax offset, which had sparked a surge in early lodgements last year, was also more likely to be used to pay for bills, with 28 per cent of respondents indicating so. Australians were also...

  13. $1,000-a-month average mortgage increase ‘too much for many’

    or have applied for hardship. Finder home loans expert Richard Whitten said the succession of interest rate increases since last May were starting to bite. “Nine consecutive rate hikes from the RBA means an Australian with the average loan size of...

  14. [Webinar] Why client engagements are actually worth it – with TPB & Practice Ignition

    session will cover changes to Tax Practitioners Board and Chartered Accountants Australia & New Zealand guidance over the last 12 months and ensure you’re up to date on best practices. During the session, we’ll discuss: How often you should engage your...

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

  15. [Webinar] An insider’s guide to building a scalable accounting business

    Accountants for this practical webinar that will help you build your growth strategy and tools for the new financial year. Last chance to register! The new financial year is fast approaching, and now is the perfect opportunity to think about your firm's...

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

  16. [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

  17. [CPD] PCG 2021/4 : How to advise your clients on professional firm profits

    tax planning time of May/June 2023 will be too late. The ATO released PCG 2021/4 - Allocation of Professional Firm Profits last year, and it applies from July 2022 onwards. The ATO require your professional client groups to have an average tax rate of...

  18. “Treasure trove”: Accountants warned on data security

    weak links. According to the Australian Cyber Security Centre, over 6 million Australian adults were impacted by cybercrime last year, with the ATO reporting that over 81,000 scams were reported in 2017–18. As part of Stay Smart Online Week 2018, the...

  19. “SMSF Investment Strategies, don’t get caught in the middle!”

    webinar when we first ran it in May, that we will be revisiting the topic of SMSF Investment Strategies so if you missed out last time, here’s your chance to get up to speed with the ATO’s latest guidelines. DATE: Wednesday 13th July TIME: 2pm AEST...

    • Type: Article
    • Author: MyWorkpapers
    • Category: Business

  20. ‘You will be caught’ over NDIS fraud, Shorten warns tax agents

    access personalised services and funding. Following a review of the scheme in 2022–23, the government passed reforms last month to rein in the scheme’s costs and improve its sustainability, giving authorities new powers to investigate fraud, refine what...

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