Tax

Government releases details on luxury car tax changes

The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle...

24 September 2024 • By Imogen Wilson

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Business

PwC ignored warnings to green light Seymour’s CEO bid, inquiry hears

Tom Seymour, who was head of tax at the time of the firm’s confidentiality breaches, was allowed to run for the top...

23 September 2024 • By Christine Chen

Technology

ATO announces myGovID revamp to end user confusion

From November, the service will be called “myID” after an audit found users kept mixing it up with myGov.

23 September 2024 • By Christine Chen

Business

Why this ‘peri warrior’ is against menopause leave

Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce...

20 September 2024 • By Miranda Brownlee

Tax

Reprimand for lawyer who dodged 9 tax returns

A solicitor convicted for failing to complete yearly income tax returns was reprimanded and barred from practising...

21 September 2024 • By Miranda Brownlee

Super

Class report uncovers $825m tax risk among SMSFs

The latest Annual Benchmark Report from Class has estimated the potential impact of Division 296 tax and highlighted...

20 September 2024 • By Miranda Brownlee

Super

Bill to pay super on parental leave passes Parliament

The payment of superannuation on paid parental leave will boost the retirement incomes of hundreds of thousands of...

20 September 2024 • By Miranda Brownlee

Business

David Pocock to move disallowance motion against TASA changes

The senator will move a motion in Parliament next month to block the controversial Tax Agent Services Determination...

19 September 2024 • By Miranda Brownlee

Business

Small business decries ‘unfair’ payday super changes

The seven-day payment window and closure of the ATO’s clearing house are expected to disproportionately impact smaller...

20 September 2024 • By Christine Chen

Tax

CPA welcomes push to make instant asset write-off permanent

The Coalition has circulated amendments in the Senate to make the instant asset write-off permanent.

20 September 2024 • By Miranda Brownlee

Appointments

Aptum Legal snags former ATO assistant commissioner

The law firm has revealed former ATO acting assistant commissioner, Michael Buscema, has been appointed as its new tax...

20 September 2024 • By Imogen Wilson

Tax

Banned tax agent to spend 5 years behind bars

A former tax agent has been sentenced to five years in jail for obtaining financial advantage by deception and dealing...

20 September 2024 • By Imogen Wilson

Tax

ATO cautions business owners on ‘misconception with PSI’

Splitting or diverting personal services income to gain a tax advantage is likely to be considered tax avoidance, the...

19 September 2024 • By Miranda Brownlee

Super

Treasurer unveils design details for payday super

The government has released further details about the design of its payday super policy including an updated super...

19 September 2024 • By Imogen Wilson

Super

New initiative aims to make super ‘impenetrable’ to cyber crime: ASFA

The peak super body has announced the launch of an initiative aimed at bolstering the super sector’s defences against...

19 September 2024 • By Imogen Wilson

Technology

Finalists revealed for first-ever Momentum Media Australian AI Awards 2024

Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural...

19 September 2024 • By Miranda Brownlee

Business

ATO urges workers to claim $17.8bn in lost super

Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021.

18 September 2024 • By Christine Chen

Technology

Xero to buy reporting app Syft Analytics for US$70m

The acquisition of the South African-based financial reporting platform is expected to improve Xero’s accounting...

18 September 2024 • By Christine Chen