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‘The devil will be in the details’: Concerns raised over tax reform proposal
Following the Productivity Commission’s sweeping tax reform proposals, business advocates are pushing for a more holistic approach to reduce the burden on larger busine...
ATO vulnerability framework needs ‘training, transparency, support’: The Tax Institute
The Tax Institute has urged the Tax Office to commit to significant investment in the implementation phase of its vulnerability framework to ensure it meets its objective...
Deferred tax accounting not guaranteed to improve Div 296 outcome
While there have been a lot of arguments in favour of utilising deferred tax accounting in relation to Division 296, a technical adviser has argued it should very much ...
Tax overhaul key to boosting growth and fairness, says The Tax Institute
The Tax Institute is proposing 10 key tax reform ideas to the Treasury ahead of the looming Economic Reform Roundtable to emphasise the need for tax to be a “top priori...
Tax refunds top $5k for SMEs amid scam surge: CommBank
The highest average tax refunds received by small businesses cashed in at over $5,000 for 2024, new research from Commonwealth Bank has revealed.
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Firms provide tips for SBR success as approval rates decline
Small business restructuring appointments have surged as awareness of the scheme grows, but the approval rate of SBR plans is starting to decline.
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AI-powered efficiencies, talent shortages front of mind for accounting firm owners
New research shows the extent to which accounting professionals are focused on integrating new technologies into their daily operations, as well as how a shortage of tale...
Accountant forced to fund her own wages in ‘blatant’ exploitation, FWO alleges
The Fair Work Ombudsman has launched legal action against a Sydney-based accounting firm following allegations it required a migrant worker to fund her own wages.
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Grant Thornton appoints new national head of management consulting
The professional services firm has named Wi Liem Chua as the next national head of management consulting.
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Alleged ‘money mule’ fraud syndicate busted in ATO-led investigation
An identity, tax and welfare fraud syndicate in Western Sydney has been exposed by the ATO, Australian Federal Police and Services Australia.
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Commercial Finance Awards launches for 2025
Submissions and nominations are now open for the Commercial Finance Awards 2025, produced in collaboration with principal partner Judo Bank.
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ATO responds to $2bn GST fraud scandal
Following concerns raised in the ABC’s Four Corners GST investigation, the Tax Office has said it will aim to improve its systems and processes where necessary.
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Aussie SMEs still optimistic as sales remain volatile, Xero says
Australian small businesses are remaining resilient as they are seeing a slowdown in sales and elevated economic uncertainty, Xero data has revealed.
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‘Opportunity of a lifetime’: Why accountants must stay ahead of the ESG and AI curve
An award-winning professional has urged accountants to “move with the times” and stay ahead of incoming changes such as ESG requirements and the rapid AI evolution.
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Prepare for Div 296 now, accountants warn
With the Division 296 super tax all but inevitable, accountants should be preparing their clients’ strategies now, a superannuation accountant has warned.
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ATO, lawmakers demand urgent action as GST fraud skyrockets
The Tax Office is strongly warning businesses against committing GST fraud as reports of refund fraud surge.
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The Tax Institute adds Qld rep to National Council
The Tax Institute has added senior lawyer John Ioannou to its national council as its Queensland representative to further the tax reform conversation.
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AFSA to home in on 4 ‘key harms’ in FY25
The Australian Financial Security Authority has revealed its regulatory focus for 2025–26 to help identify key harms which undermine the insolvency system, adversely im...
BDO welcomes 7 new partners to national network
The professional services firm has revealed the appointment of seven additional partners across its Sydney, Brisbane and Perth offices.
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ATO’s GIC non-deductibility guidance falls short, says IPA
The ATO’s guidance on the recent law changes to GIC has fallen short in effectively equipping tax practitioners with the necessary knowledge, according to the professio...
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