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News
Annual tax agent registration fees introduced to boost oversight
Tax agents will now pay an annual fee of $273 from July instead of $704 every three years.
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Finalists unveiled for Australian Accounting Awards 2024
Almost 300 finalists are set to battle it out for the trophies at this year’s prestigious awards.
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Fear of failure, skills gap stifle aspiring business owners
The barriers come despite Australia being the “perfect breeding ground” for starting a business, according to a recent survey.
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Freight company wins small business CGT concession dispute
The dispute in the AAT turned on competing asset valuations by PKF and KordaMentha, on behalf of the ATO.
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KPMG consulting overhaul to claim 200 jobs, cut $80m in costs
The savings will be redirected to high-demand advisory work focusing on technology and AI.
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Grant Thornton promotes 4 to partner
The mid-year promotions take the firm’s partner count to 175, with 10 coming in the past year.
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William Buck to open doors in Canberra, eyeing government clients
The mid-tier firm will acquire accounting boutique Link Capital Partners effective 1 July.
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Yearly grilling of accounting bodies needed, inquiry says
The inquiry’s final report calls for CA ANZ, CPA Australia and IPA to report annually to Parliament to ensure consulting integrity.
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Greens push for 5-year ban on government work for PwC
The Greens party have called for PwC to be restricted from tendering for government work for five years in the final inquiry report.
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Mid-market M&A whiz joins Forvis Mazars as partner
The firm says the appointment will meet growing client demand after the launch of Forvis and Mazars’ merger earlier this month.
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SME Bootcamp returns in 2024
Registrations have opened for the SME Bootcamp – a free summit that could transform the way accountants and brokers support their SME clients.
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Service-based small businesses lead productivity decline: Xero
A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst.
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Hotelier’s $11m tax fight fails as court confirms ‘all or nothing’ stance
A taxpayer who claimed he had no taxable income because he was self-funded has had his appeal dismissed by the Federal Court.
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PwC inquiry calls for major review into large partnerships
The committee has delivered its final report for the consulting firm inquiry, calling for a review of partnership structures with more than 100 partners.
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Small businesses ‘overwhelmed’ by EOFY tax compliance, survey finds
Misplacing important documents and receipts and forgetting to claim deductions are the most common problems, Xero says.
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Landlords who ‘double dip’, fudge deductions in ATO crosshairs
The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.
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City Beach founders win tax battle with ATO over $52m restructure
A selective capital reduction to extinguish Division 7A loans that raised the Tax Office's eyebrows was not a “sham”, the Federal Court has ruled.
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CA ANZ course accreditation renewed by education body
The accreditation with TEQSA allows it to award the chartered accounting graduate diploma and offer FEE-HELP loans to students.
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Check in-house assets before 30 June, trustees reminded
Before 30 June, SMSF trustees need to check the level of any in-house assets to ensure they haven't exceeded the 5 per cent limit, says a senior technical adviser.
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Tax time confusion spikes among small business owners, survey shows
Recent research indicates that a growing proportion of small business owners find the tax system and the process of completing a tax return confusing.
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