Tax

Teal MP details top tax reform priorities in green paper

Allegra Spender has released her review of Australia’s tax system, calling for sweeping changes to address inequality...

25 November 2024 • By Christine Chen

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Tax

Tax administration at ‘critical time’ as ATO intensifies debt collection: IGTO

The Inspector-General of Taxation and Taxation Ombudsman expects the number of complaints relating to debts and tax...

22 November 2024 • By Miranda Brownlee

Regulation

Victorian equestrian jailed for $700k in fake GST, JobKeeper claims

A 44-year-old has been sentenced to three years and six months in prison after defrauding the ATO during the pandemic...

22 November 2024 • By Christine Chen

Appointments

WCT Advisory poaches Bentleys team as insolvency work booms

The insolvency firm has scaled up its headcount threefold to cope with an increasing number of appointments.

25 November 2024 • By Christine Chen

Super

ATO primes funds, businesses for payday super rollout

Governance and error handling processes will need to be overhauled to ensure super is paid at the same time as salary...

22 November 2024 • By Christine Chen

Super

Government makes move to bolster retirement phase of super

The government announced it has committed to improving the retirement phase of the super system for all Australians...

22 November 2024 • By Imogen Wilson

Business

SMEs in constant fear of red tape, survey reveals

The rising pressure of new regulation is fast emerging as the top concern for NSW small businesses, according to the...

22 November 2024 • By Imogen Wilson

Tax

Practitioners cautioned on ATO’s top target areas for GST

A tax specialist has outlined three of the major GST areas on the ATO’s radar based on recent discussions.

21 November 2024 • By Miranda Brownlee

Business

Business lender reports spike in credit demand from SMEs

Demand for credit among Australian small businesses has surged, with 94 per cent seeking new capital.

21 November 2024 • By Imogen Wilson

Business

AuditCover and NTAA announce strategic distribution agreement

AuditCover has revealed a new partnership with the National Tax and Accountants’ Association to give members...

21 November 2024 • By Imogen Wilson

Tax

Julie Collins rejects liquidity concerns relating to super changes, family farms

The Minister says super funds should already have sufficient liquidity to meet existing or prospective liabilities in...

21 November 2024 • By Keeli Cambourne

Super

Tax Office issues 8,710 DPNs over unpaid super in 2023–24

The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in...

20 November 2024 • By Miranda Brownlee

Business

ATO issues reminder to tax agents as government phases out cheques

The Tax Office has told practitioners to ensure client bank details are included in every lodgment to help with the...

20 November 2024 • By Christine Chen

Super

Most pre-retirees in the dark on Div 296, report finds

Over 80 per cent of Australians aged 51 to 65 are unprepared for the looming tax on big super balances, according to...

20 November 2024 • By Christine Chen

Tax

SMEs must be aware of CGT obligations, cautions tax expert

Capital gains tax continues to be the most common tax trap for Australian small businesses due to its broad scope, a...

20 November 2024 • By Imogen Wilson

Business

Anti-money laundering bill receives green light

A Senate committee has concluded that the bill to implement changes to the anti-money laundering and counter-terrorism...

19 November 2024 • By Miranda Brownlee

Regulation

Government cautioned on penalty proposal for accountants’ certificates

The professional bodies have raised concerns about ASIC’s proposal to impose new penalties for the misclassification...

19 November 2024 • By Miranda Brownlee

Business

ASBFEO launches SME guide to help tackle debt

The Ombudsman has issued a guide to help Australian small businesses navigate the challenges of paying or collecting a...

19 November 2024 • By Imogen Wilson