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

  1. ‘Covid changed merger dynamics, tech has become a wildcard’

    of a succession outcome – there's always people trying to cash in from an economic point of view,” he said. “But over the last couple of years, the M&A activities have been around sole practitioners not wanting to be alone any more. What I see now is...

  2. ‘Consistent approach’ critical to reforming SMSF advice model

    this area must ensure a “consistent consumer experience” regardless of what type of professional a client sees. In November last year, the government stated that it would support, in principle, a recommendation from the review of the Tax Practitioners...

  3. ‘Complex’ case sees tax fraudster convicted

    in fraudulent BAS statements. Hightrade executive Song (or Peter) Chang was sentenced to five and half years in jail late last week. According to a statement from the ATO, between 2002 and 2007, Mr Chang conspired to defraud the Commonwealth of $10.5...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  4. ‘Comparative analysis’ needed in light of new ECPI reforms

    a comparative analysis of which method provides the best outcome will be important for certain SMSF clients, said Accurium. Last week, a bill to amend the exempt current pension income calculation rules in the Tax Act was passed in both houses of...

  5. ‘Community expectations have changed’: TPB signals new regulatory focus

    Tax agent terminations spiked by 208 per cent in the last financial year, with complaints and referrals increasing by close to 30 per cent as the Tax Practitioners Board ushers in a new era of regulation. Total sanctions against practitioners jumped by...

  6. ‘Clock is ticking’ for payday super legislation, says SMC

    over one year from 2021–22. It was also demonstrated Australians have missed out on $41.6 billion in unpaid super over the last nine years. The average affected worker missed out on $1,800 in super in a year, which equates to more than $30,000 less in...

  7. ‘Clients might be facing a tax bill’: Defined benefit income changes flagged

    Daily, RSM partner Katie Timms said the changes were the other half to the transfer balance account changes which kicked in last year. “The problem that they had when looking at defined benefit income streams is that they actually don't have an account...

  8. ‘Clear message’ to accounting firms with first-of-its-kind penalty

    Circuit Court found it facilitated underpayments by its client, fast food operator Blue Impression. In a statement released last week, the regulator said “trusted advisers” will be targeted where they are knowingly involved in the exploitation of...

  9. ‘Changing the accounting game’ with AI: Intuit QuickBooks

    of an entire toolkit that previously didn't exist. No, but what has happened subsequently and has happened over the last couple of years is that what was traditionally the preserve of the larger consulting firms or the larger accounting firms, you're...

  10. ‘Cash grab’ accusations at ATO investigated, findings released

    accusations of “cash grabs” and improper staff incentives, has been released today. A current and former ATO officer alleged last year that the ATO gave directions to staff to issue garnishee notices in every case as a “cash grab” towards the end of the...

  11. ‘Canary in the coalmine’: Accountants fear economic downturn

    accountants surveyed reported an increase in the number of enquiries they’d received related to financial distress in the last month. Financial distress wasn’t limited to areas in lockdown, either, with 38 per cent of respondents unimpeded by lockdown...

  12. ‘Bullish’ Moore Australia shakes up leadership team

    a “bullish” outlook that bucked trends seen by its larger competitors. “In the wake of the big four media coverage over the last few years, we are seeing clients and staff alike make more considered choices,” national chairman David Tomasi said. “Our...

  13. ‘Breach of transparency’: ATO called to disclose lodgement statistics

    receiving over 1.7 million individual tax returns in the first two weeks of July, a 12 per cent increase on the same period last year. H&R Block director of tax communications Mark Chapman, who sits on the TPSG, said the ATO’s refusal to share lodgement...

  14. ‘Bottom of political barrel’: Profession slams Labor’s attack on accountants ‘rort’

    to a particular figure,” said Professor Deutsch. “It is distortionary.” The ATO’s scepticism Commissioner Chris Jordan had last month questioned the basis of the proposal, noting that the millions that Labor were pointing to were probably down to...

  15. ‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

    and Financial Services Committee tabled its final report for its inquiry into the audit, assurance and consultancy industry last week, outlining 16 priority recommendations for immediate action and 40 in total. IPA chief executive Andrew Conway said...

  16. ‘Bleisure’ travel claims in ATO sights, experts warn

    deductions and a failure to include all income sources in lodgments. It said over 8 million people made a work-related claim last year and urged taxpayers to follow “three golden rules”, including only claiming expenses if they spent money themselves...

  17. ‘Biggest structural reform’ to SME finance gets thumbs up

    has welcomed the government’s introduction of a new small business financing scheme off the back of its lobbying efforts. Last week, Treasurer Josh Frydenberg announced that the government would introduce a $2 billion Australian Business Securitisation...

  18. ‘Big deal’ for SME clients in banks’ move

    were now safe from banks unilaterally changing loan contracts. “Unfair contracts legislation came into effect in November last year and banks were very slow to comply but thanks to the work of Ombudsman Kate Carnell and her team, there are now important...

  19. ‘Big awareness push’ phase underway as STP deadline approaches

    provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline. Through email and national advertising campaigns, the ATO is drilling in the 1 July deadline for STP, which...

  20. ‘Bean counter’ image tipped to fade as accountants look to strategic partnerships

    real relationships and new communities promoting knowledge sharing and support. We all win when this happens.” Looking ahead Last year, Sequel CFO announced the launch of its first two franchisees and recently recruited Lance Rubin from KPMG as head of...

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