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ART upholds ATO’s view in decision on partnership distributions The tribunal has upheld a decision by the Commissioner to include certain distributions from an accounting firm partnership as assessable income. ...
Division 296 now a ‘waiting game’, tax expert says The tax issue of most substance to come from the federal election will be the outcome of Division 296, according to a tax expert. ...
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Ex Big-4 sibling duo redefine offshoring services with new KPO firm Chartered accountants Kartik Lakhani and Nomeeta Mistry have launched an outsourcing firm focused on connecting accountants and lawyers with highly skilled professionals ...
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Treasurer doubles down on $3m super tax Treasurer Jim Chalmers has said the government has “made it clear” it has not changed its policy position on the $3 million super tax legislation. ...
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Xero and Karbon unveil platform integration Xero has announced an integration with Karbon to help accounting professionals save time, simplify workflows and boost productivity. ...
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AFSA puts insolvency practitioners on notice over ‘system misuse’ The regulator has warned that abuse of the personal insolvency system will not be tolerated, with a number of active investigations currently underway. ...
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AAPi urges NSW government to rethink compensation reform The peak body for psychologists has revealed the NSW government’s approach to workers’ compensation reforms will diminish the psychological experiences of employees. ...
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Small business to remain ‘front and centre’ under Ley leadership Opposition leader Sussan Ley has reaffirmed her commitment to supporting the small businesses community. ...
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PKF announces retirement of longstanding partner Audit and assurance partner Martin Matthews will retire from PKF Newcastle and Sydney at the end of next month. ...
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New minister offers opportunity for 'fresh perspective' on reform, says CA ANZ Accounting bodies have welcomed the appointment of Dr Daniel Mulino as Assistant Treasurer and Financial Services Minister for what they hope will be a period of “renew...
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ATO dispels myths about super rules in response to fake articles The Tax Office has issued an alert about circulating misinformation regarding super preservation rules. ...
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TikTok tax advice misleading taxpayers, cautions CPA CPA Australia has issued a warning about relying on online tax tips after seeing numerous examples of outrageous claims about tax deductions.  ...
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New financial services minister announced Prime Minister Anthony Albanese has confirmed that Dr Daniel Mulino will serve as assistant treasurer and financial services minister during an announcement in Canberra...
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ATO’s debt book climbs to $105bn The Commissioner has said the ATO will take deliberate and targeted action in its tax collection activities with total tax debt "the largest it’s ever been". ...
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Grant Thornton Adelaide adds corporate tax partner to network Grant Thornton Adelaide has welcomed its newest corporate tax partner, Mark D’Angelica. ...
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Tribunal rules in favour of taxpayer in tax evasion case The Administrative Review Tribunal has determined that a taxpayer did not engage in tax evasion in a dispute involving millions of dollars of UK-sourced income. ...
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SME owners urged to tackle succession planning roadblocks: NAB SME owners are becoming increasingly worried their retirement will trigger the liquidation of their business, according to recent research by NAB. ...
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Government advised to delay payday super to avoid ‘chaotic’ transition Industry associations have raised concerns about certain design aspects of the new payday super regime and urged the government to defer the start date. ...
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Modoras welcomes Timothy Dalton as tax leader The financial services firm has added a new tax leader and partner to its ranks. ...
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Court strips gold bullion fraudsters of $8.7m for GST scheme Two leaders in an Australian criminal syndicate have been stripped of more than $8.7 million in assets for their roles in an elaborate gold bullion GST fraud.  ...
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