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DPNs climb to 26.7k as ATO hunts down old debts Lockdown notices, once rare, have become the Tax Office’s weapon of choice to recoup legacy debts from directors. ...
Self-prepared returns on the rise in latest tax return data The proportion of agent-prepared tax returns has seen a slight decrease from the same period last year, according to the ATO.  ...
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CA ANZ calls on Gen Z to ‘make epic things happen’ The professional body launched its new “Make Epic Things Happen” campaign in cinemas last night aimed at attracting young people to the accounting profession. ...
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Building a sustainable firm that thrives without you A business strategist has outlined strategies that business owners can implement to ensure success in their absence. ...
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SMSF Association calls for ‘pragmatic approach’ on NALI issues The association wants to see the NALI rules applied to super funds in a measured and proportionate way. ...
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SMEs enter ‘survival mode’, rate cut hopes fade Quarterly lending data shows small businesses are shelving growth plans, with loan applications falling 20 per cent in Q4. ...
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Data reveals mixed trends for SMEs in June quarter: XSBI Australian small businesses experienced high growth in jobs but saw declines in other areas, recent Xero data has shown. ...
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CA ANZ urges members to lobby MPs against new agent rules In a shift in tactics, the accounting body has launched a grassroots campaign to support practitioners protesting the code of conduct changes. ...
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Accountant denied TPB registration over supervision concerns Work experience requirements are essential for tax agent registration and to maintain public trust in the profession, the AAT has ruled. ...
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ASIC disqualifies 7 directors in recent enforcement blitz The corporate regulator has said it will continue to take tougher action against company directors whose actions negatively impact small businesses.  ...
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Red tape ‘strangling’ small businesses: ACCI Small businesses are feeling neglected in the current economy and many are considering closure, according to ACCI research. ...
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‘Running out of time’: industry sounds alarm over payday super rush Accounting software developers are staring down a deadline that is becoming increasingly unachievable in the absence of government guidance. ...
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‘Many’ practitioners already compliant with new code rules: TPB The TPB has answered practitioners’ frequently asked questions about the controversial changes and has said they can expect draft guidance in September. ...
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Man alleges ATO forced resignation amid ‘doomed’ murder charges A NSW man whose 18-year career at the ATO came to an end amid a “weak” murder investigation alleged his former employers manipulated his vulnerable wife and forced hi...
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Ute tax loophole costs government $250m A loophole in luxury car tax allows expensive utes to be purchased tax-free, based on a study by The Australia Institute. ...
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TPB puts 3.8k practitioners on notice over outstanding tax obligations The Tax Practitioners Board has threatened to take “swift action” against practitioners who fail to bring their overdue lodgments up to date.  ...
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Sydney solicitor hit with $1m penalty for misleading creditor scheme Lawyer Dominique Eva Grubisa has also been banned from managing companies and been ordered to refund millions to duped students.   ...
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Russian couple’s tax bill upheld after $1.6m found in covert ATO audit A husband and wife challenged default assessments in the AAT and Federal Court claiming unexplained bank transfers were “truly gifts” from overseas family and friends...
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Unemployment rate rises to 4.1% New data from the ABS shows that the seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1 per cent in June. ...
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Accounting bodies push back on TPB shake-up CPA Australia has opposed the proposal to remove registration pathways with professional bodies while CA ANZ says the rushed timeline risks poor policy outcomes. ...
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