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TPB urges small firms to prepare for new code obligations
Small accounting firms should begin reviewing their procedures and practices to ensure they comply with the eight new code obligations starting on 1 July.
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ATO claims online systems are ‘secure and resilient’
The Tax Office has reassured taxpayers its systems have not been hacked, despite media reports claiming otherwise.
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RBA announces cut to interest rates
The Reserve Bank has decided to reduce the cash rate target following its latest board meeting.
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Gap between employer and employee flexibility expectations is widening, survey finds
There is a widening chasm between employer and employee expectations on workplace flexibility, with implications for talent retention and productivity, a survey has found...
Tax expert slams NSW government over ‘sloppy’ communications on IAWO
Recent email communications to small business owners contain misleading and inaccurate statements about the instant asset write-off measure, a tax specialist has said.
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HLB Mann Judd urges businesses to ‘plan for the future’
The accounting firm has recommended that small businesses structure operations on the four S’: safety, security, sustainability and succession.
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Super tax will haunt government: Spender
The proposed $3 million super tax is a “dangerous” policy for the government to pursue, teal MP Allegra Spender has said.
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TPB bans EY partner and tax agent over tax evasion
A former EY partner from Sydney has had their tax agent registration terminated for misconduct involving tax minimisation schemes.
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ATO turning to creative methods to manage growing debt book
The ATO is increasingly employing non-traditional methods to crack down on expanding tax debts, including garnishee notices, an insolvency specialist has said.
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ATO issues checklist on obligations for business owners
The Tax Office has reminded new businesses to understand their obligations to ensure they stay compliant with tax, superannuation and registration obligations.
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SMSFA calls for urgent action on flawed super tax amid growing panic selling
The SMSFA is calling on the government to urgently address catastrophic flaws in its proposed super tax amid rising community unrest and reports of panic selling across...
Carbon offsets in the spotlight amid greenwashing litigation
A civil case against Energy Australia has showcased the flaws in the Australian government’s ‘Climate Active’ certification scheme, a policy think tank has said.
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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.
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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 ...
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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