Tax

Self-prepared returns on the rise in latest tax return data

The proportion of agent-prepared tax returns has seen a slight decrease from the same period last year, according to...

26 July 2024 • By Imogen Wilson

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Super

SMSF Association calls for ‘pragmatic approach’ on NALI issues

The association wants to see the NALI rules applied to super funds in a measured and proportionate way.

25 July 2024 • By Miranda Brownlee

Business

SMEs enter ‘survival mode’, rate cut hopes fade

Quarterly lending data shows small businesses are shelving growth plans, with loan applications falling 20 per cent in...

25 July 2024 • By Christine Chen

Business

Data reveals mixed trends for SMEs in June quarter: XSBI

Australian small businesses experienced high growth in jobs but saw declines in other areas, recent Xero data has shown.

25 July 2024 • By Imogen Wilson

Business

CA ANZ urges members to lobby MPs against new agent rules

In a shift in tactics, the accounting body has launched a grassroots campaign to support practitioners protesting the...

24 July 2024 • By Christine Chen

Regulation

Accountant denied TPB registration over supervision concerns

Work experience requirements are essential for tax agent registration and to maintain public trust in the profession,...

24 July 2024 • By Christine Chen

Regulation

ASIC disqualifies 7 directors in recent enforcement blitz

The corporate regulator has said it will continue to take tougher action against company directors whose actions...

24 July 2024 • By Imogen Wilson

Business

Red tape ‘strangling’ small businesses: ACCI

Small businesses are feeling neglected in the current economy and many are considering closure, according to ACCI...

24 July 2024 • By Imogen Wilson

Business

‘Running out of time’: industry sounds alarm over payday super rush

Accounting software developers are staring down a deadline that is becoming increasingly unachievable in the absence...

23 July 2024 • By Christine Chen

Regulation

‘Many’ practitioners already compliant with new code rules: TPB

The TPB has answered practitioners’ frequently asked questions about the controversial changes and has said they can...

23 July 2024 • By Christine Chen

Business

Man alleges ATO forced resignation amid ‘doomed’ murder charges

A NSW man whose 18-year career at the ATO came to an end amid a “weak” murder investigation alleged his former...

23 July 2024 • By Imogen Wilson

Tax

Ute tax loophole costs government $250m

A loophole in luxury car tax allows expensive utes to be purchased tax-free, based on a study by The Australia...

23 July 2024 • By Imogen Wilson

Tax

TPB puts 3.8k practitioners on notice over outstanding tax obligations

The Tax Practitioners Board has threatened to take “swift action” against practitioners who fail to bring their...

22 July 2024 • By Imogen Wilson

Regulation

Sydney solicitor hit with $1m penalty for misleading creditor scheme

Lawyer Dominique Eva Grubisa has also been banned from managing companies and been ordered to refund millions to duped...

22 July 2024 • By Christine Chen

Tax

Russian couple’s tax bill upheld after $1.6m found in covert ATO audit

A husband and wife challenged default assessments in the AAT and Federal Court claiming unexplained bank transfers...

22 July 2024 • By Christine Chen

Business

Unemployment rate rises to 4.1%

New data from the ABS shows that the seasonally adjusted unemployment rate rose by less than 0.1 percentage point to...

19 July 2024 • By Christine Chen

Regulation

Accounting bodies push back on TPB shake-up

CPA Australia has opposed the proposal to remove registration pathways with professional bodies while CA ANZ says the...

19 July 2024 • By Christine Chen

Regulation

Labor’s code changes an ‘assault’ on accountants: Opposition

The shadow assistant treasurer has demanded the urgent withdrawal of new rules he says are unrealistic and rife with...

19 July 2024 • By Christine Chen