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RACGP calls for clarity on payroll tax promise in Tasmania
The Royal Australian College of GPs is urging the Tasmanian Liberals to match the opposition’s commitment to a full exemption on payroll tax for GPs.
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Tax agent cops 5-year ban for failing tax obligations
The TPB imposed the ban after the agent failed to comply with their tax obligations as both an individual and director of multiple entities.
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Terminations under new Code items pose ‘legal consequences’, TPB warned
Tax practitioners should be given additional time to comply with the disqualified entity requirements given the potential legal and financial impacts of terminations, maj...
Ignition integrates with MYOB to automate invoicing, reconciliation
The two Australian accounting software platforms team up to automate invoicing, fee collection and reconciliation processes for businesses.
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PwC ousted acting CEO Kristin Stubbins ‘against her will’, inquiry hears
Senators say her treatment was the “classic story” of a woman being promoted to a leadership role during a crisis, only to be replaced after cleaning up the mess.
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‘Meaningful’ penalty regime needed to deter misconduct, says senator
The failure of PwC to make any reports to CA ANZ about the Peter Collins matter demonstrates major flaws in self-reporting models, according to senators.
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Personal insolvencies continue to soar in early 2024
Personal insolvencies increased by almost a third in January compared with the same period last year, according to the latest AFSA data.
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National AI Centre offers free AI education to SMEs
Australian small and medium businesses will now be able to access a free course in AI through TAFE NSW.
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Small business suffers largest decline since pandemic, Xero data reveals
A slowdown in sales and wages growth saw softer performance in the December quarter, according to the latest Xero Small Business Index.
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AAT upholds ATO view in tax residency case
The Tribunal has determined that a mechanical engineer seeking a refund of $524k in PAYG withholdings was an Australian resident for tax purposes.
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ACCC could probe ‘oligopoly’ of big 4 audit, inquiry hears
Parliament may ask the competition watchdog to investigate the sector dominated by only four players, Senator Deborah O’Neill says.
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CA ANZ refutes TPB's claims on Collins correspondence
CA ANZ has refuted claims made by the TPB to a Parliamentary joint committee on Thursday that the latter had informed CA ANZ of sanctions laid against former PwC partner,...
ASIC disqualifies director over 7 failed companies
A NSW director has been disqualified following the failure of seven companies owing a combined total of $3.7 million to unsecured creditors.
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Uni funding overhaul a ‘game changer’ for accountant shortage
The government has the opportunity to boost graduate numbers by prioritising reforms that make accounting courses more affordable, professional bodies say.
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Pandemic super withdrawals to cost taxpayers $85bn
Australians will face higher taxes to fund the pensions of those that dipped into savings under the Early Release of Super Scheme, analysis finds.
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Assistant Treasurer announces appointments to IPRDC, CADB
Assistant Treasurer Stephen Jones has announced a raft of new appointments to the Insolvency Practitioner Registration and Disciplinary Committees and a new chairperson f...
Xero goes all in on AI with accounting chatbot launch
The software company plans to double its turnover through a “simple” strategy that involves bolstering tech offerings for small businesses.
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Retail spending flattens as consumers curb spending, ABS data shows
Australian retail spending for January fell below expectations and is unlikely to improve until interest rates drop, according to economists.
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‘Proportionate response’ needed on consulting firm inquiries, cautions IPA
The government must avoid punishing hardworking accountants doing the right thing with its response to recent inquiries, the association warns.
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H&R Block outlines strategies ahead of 1 July tax cuts
Defer income until the new financial year, but don't fall foul of anti-avoidance rules, says a tax expert.
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