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Professional bodies welcome Coalition’s move to disallow code obligations
Accounting bodies are calling on Senate crossbenchers to support a disallowance motion to overturn the controversial code obligations.
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Accounting firms must prepare for ‘seismic’ shift in accounting technology: Dexterous Group
Accountants need to “stay ahead of the curve” and adopt a positive perspective towards automation given the major changes that are unfolding, according to Sydney-base...
Farmers and SMEs call for protection against ‘super tax’
Farmers and small business owners have joined forces to warn the government of the adverse impacts the proposed superannuation changes will have on Australian farms and s...
Coalition to oppose ‘disastrous’ tax agent rules in Senate
Coalition MPs will rally crossbench support to pass a disallowance motion to reverse the government’s contentious new code obligations.
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ATO issues further advice to NFPs on self-review return
The Tax Office has provided not-for-profits with tips for lodging the self-review return through ATO's phone service and other details about its compliance approach.
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BAS agent hit with 4-year ban for failing tax obligations
The TPB has terminated a BAS agent's registration after they failed to comply with personal tax obligations and complete CPE.
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Young accountants at risk of ‘burnout’, warns Springfox
Providing junior accountants with greater support in the early years of their careers is critical for preventing burnout and keeping them in the industry, according to Sp...
Regulatory settings hampering integrated tax and financial advice: IFPA
The role of accountants in addressing the financial advice shortage remains largely ignored in the government's response to the original TPB review, the association says....
Voluntary tax believer fined $15k for bogus trust deductions
The AAT has upheld penalties for “reckless” returns lodged by a Brisbane woman who questioned the legitimacy of the ATO and Australia’s tax laws.
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CPA flags ‘duplication risk’ with proposed registration requirements
The inclusion of governance requirements in the registration criteria for companies and partnerships is likely to create further duplication and inconsistency with existi...
Less than half of Australians confident about retirement: AustralianSuper
Australians can improve their retirement confidence through everyday activities and habits such as planning and goal setting, the super fund says.
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New jobs board launches for accounting industry
Momentum Media is proud to unveil a new accounting jobs board which will promote employment opportunities across the accounting industry.
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TPB treads fine line with new tax agent rules
The board has promised to balance consumer protection with privacy and practicality when developing guidance for the contentious new obligations.
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‘Re-energise’ SMEs with 14 steps: ASBFEO
The small business advocate has identified top reform priorities to reinvigorate small businesses currently struggling in the current economic climate.
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Super bodies call for ‘swift’ law amendment
Superannuation bodies have urged the Australian government to reform superannuation laws to stop family violence perpetrators from being able to claim their victims’ su...
TPB’s guidance on code obligations lacking clarification, Tax Institute warns
Draft guidance issued by the Tax Practitioners Board on the new code obligations adopts vague and highly subjective terms which may “add to the confusion”, the instit...
SME growth in SA stunted by government: e61 Institute
Government reforms to remove payroll tax for small businesses in South Australia back in 2019 have backfired and instead restricted growth, according to the e61 Institute...
ATO issues reminder on record-keeping requirements for taxpayers
The Tax Office has reminded taxpayers to consider what work-related expenses they could claim with appropriate supporting records this financial year.
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Cafe owner receives 6-year sentence for $1m GST fraud
A South Australian man was arrested and sentenced to six years and six months behind bars after he obtained over $1 million in fraudulent GST refunds.
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RBA’s rates decision ‘reduces recession risk’ for Australia
The RBA’s decision to keep interest rates on hold is the right move for Australian businesses and households with the economy already weakening, economists have said.
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