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News
Senate agrees to amendments to payment times bill
The amendments will see the regulator publish a list of fast small business payers as part of changes to the payment times reporting scheme.
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ATO portal’s 24-hour malfunction vexes tax agents
The disruption to online services used by practitioners on Monday coincided with reports of taxpayers waiting hours to lodge individual returns.
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ATO issues reminder on trust administration revamp
Changes that came into effect on 1 July aim to improve reporting and data accuracy and ease compliance.
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HLB Mann Judd, Pitcher Partners bolster partner ranks
The mid-tier firms have both made six appointments across their east coast advisory, audit, tax and finance practices.
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125% foreign student visa fee hike to worsen accountant shortage
The move to ramp fees up has been labelled as “outrageous” and akin to Australia “shooting itself in the foot”.
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PwC names 22 partners in first intake since tax scandal
The firm has made its first appointments since 2023 to help deliver on its governance and accountability commitments.
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$20k instant asset write-off passes lower house
It comes after the eleventh-hour passage of a bill that raised the threshold from $1,000 to $20,000 for FY24 last week.
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‘Don’t panic’ over new reporting rules, ATO tells NFPs
Thousands of not-for-profits will need to lodge annual self-reviews from 1 July to keep their tax-exempt status.
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Airwallex posts 93% revenue surge in Australia
The payments platform attributes growth to strong product offerings and has flagged plans for further expansion.
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National Audits Group promotes 4 diverse auditors
The audit firm has promoted four multicultural auditors, including three women, in a diversity push.
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PepsiCo wins appeal against Commissioner of Taxation
PepsiCo has successfully appealed a Federal Court finding that it was liable for royalty withholding tax payments.
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Air Accounting taps into e-commerce with Bean Ninjas partnership
The deal follows the acquisition of speciality hospitality accountants Cafe Bookkeepers last year.
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Court rejects taxpayer’s attempt to pay $45k ATO debt with $47 cheque
Mesha Feet attempted to pay its debts with unconventional methods and then fined the Tax Office for failing to respond.
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Small business slams ‘absurd’ 11th-hour passage of tax breaks
The $20,000 instant asset write-off and small business energy benefits passed Parliament on Tuesday more than a year since being announced.
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ATO’s outdated estate rules cause delays, confusion
The Tax Office has left issues dating back to 2011 unaddressed, the Tax Institute says.
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Government ‘unfairly’ refuses to refund on-hold debts paid to ATO
The Greens say the government has “shafted” the taxpayers who complied with the Tax Office's controversial campaign.
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KPMG announces over 50 partner promotions
The big four firm has announced 52 new partners across various divisions, despite recent job cut announcements.
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Payment Times Reporting Bill enters the Senate
Measures to name and shame large businesses that are slow to pay small businesses have been introduced into the Senate this week.
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Family trust elections in ATO sights
The ATO is “cracking down” on family trust elections, warns a leading legal specialist.
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Consultant boom threatens accounting sector, expert says
The Benchmarking Group says consultants are filling the demand for advisory work and presenting a more attractive career path for new entrants.
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