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ATO offers guidance to NFPs on assessing charitable purposes
The ATO has provided tips for not-for-profit organisations that are uncertain if they meet the requirements to be registered with the Australian Charities and Not-for-pro...
Joint bodies continue support for disallowance motion on TASA changes
Professional bodies have warned that fixing the code changes will require considerable work ahead of today’s vote on the disallowance motion.
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‘You will be caught’ over NDIS fraud, Shorten warns tax agents
A multi-agency crackdown is underway to stop dodgy actors from stealing money through false claims and inflated invoices.
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ATO rules out simplifying NFP rules despite ‘pockets of confusion’
The Tax Office insists the process for lodging annual self-reviews is “basic” and “not that hard”.
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Mental health of SME owners in rapid decline, research reveals
Australian SME owners are feeling the pressure and are overwhelmed trying to navigate the current challenges of the cost-of-living crisis, CommBank has said.
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Cost-of-living crisis spurs ‘side hustle’ culture: Great Southern Bank
Around two-thirds of home owners with a mortgage have started or are considering a second job or hobby business to help with repayments, analysis reveals.
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Demographic trends likely to result in future wealth tax, says specialist
Increasing inequality and a growing proportion of renters will put greater pressure on the government to implement wealth taxes in coming years, according to a demographi...
$3m bill set for debate next Thursday
The controversial $3 million super tax bill is due to be debated again in Parliament next Thursday.
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Small-business collectable debt ‘slowing down’, says ATO
The growth in collectable debt among small businesses is slowing, but too many businesses are still deprioritising payments of tax and super obligations, the Tax Office s...
Grant Thornton urges businesses to adapt to changing financial landscape
The transition to real-time instant payments in Australia is another element businesses need to effectively tackle in the ever-changing financial landscape, according to ...
BDO doubles Melbourne office to accommodate expanding team
The Melbourne BDO office is set to relocate to Collins Street next year following the growth within its Melbourne-based team.
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Merchant decision ‘does not displace longstanding principles’, says ATO
The decision by the AAT to overturn a trustee disqualification has “limited broader application” given the peculiar circumstances of the case, says the Tax Office.
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SMEs don’t need to ‘tough it out on their own’, says joint bodies
Peak industry associations have banded together to help struggling small businesses repay debt on time with the creation of a support-based fact sheet.
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Accounting bodies demand action on code changes in letter to PM
Various accounting bodies have called for amendments to be made to the Tax Agent Services Determination ahead of a meeting with the Assistant Treasurer.
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Grey zone warfare, state competition investigated in Australian-first podcast
Contested Ground, a new podcast investigating the complex and murky world of grey zone warfare as nations compete on the global stage, has been launched by award-winning ...
ATO predicts further jump in tax debt disclosures to credit agencies
The Tax Office expects the use of intent-to-disclose notices will ramp up further this income year based on trends across its debt book.
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Skincare brand CEO shares how she pivoted during COVID-19
Ahead of her keynote address at the Women in Finance Summit 2024, Ella Baché CEO Pippa Hallas has outlined how her business embraced disruption during the pandemic.
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ATO reveals common rental property errors from data-matching program
Recent results from the data-matching program identified issues around the reporting of rental income and claims for capital works and depreciating assets.
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Renewable energy scheme has left SMEs fighting for compensation: NSWSBC
Small renewable energy businesses have been left ‘out of pocket’ for completed work due to the ‘Small-scale Renewable Energy Scheme’, according to the NSW Small B...
Accountants lack crucial crypto knowledge, warns industry professional
Australian accountants need to improve their crypto expertise to meet increasing market and industry demands, an accounting professional has cautioned.
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