Tax

Independent MPs demand urgent changes to $3m super tax reforms

Members of the crossbench are calling on the government to replace the taxation of unrealised gains with a simpler...

15 August 2024 • By Miranda Brownlee

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Technology

Accounting firms must prepare for ‘seismic’ shift in accounting technology:...

Accountants need to “stay ahead of the curve” and adopt a positive perspective towards automation given the major...

14 August 2024 • By Imogen Wilson

Super

Farmers and SMEs call for protection against ‘super tax’

Farmers and small business owners have joined forces to warn the government of the adverse impacts the proposed...

14 August 2024 • By Imogen Wilson

Regulation

Coalition to oppose ‘disastrous’ tax agent rules in Senate

Coalition MPs will rally crossbench support to pass a disallowance motion to reverse the government’s contentious new...

13 August 2024 • By Christine Chen

Tax

ATO issues further advice to NFPs on self-review return

The Tax Office has provided not-for-profits with tips for lodging the self-review return through ATO's phone service...

13 August 2024 • By Miranda Brownlee

Tax

BAS agent hit with 4-year ban for failing tax obligations

The TPB has terminated a BAS agent's registration after they failed to comply with personal tax obligations and...

13 August 2024 • By Imogen Wilson

Business

Young accountants at risk of ‘burnout’, warns Springfox

Providing junior accountants with greater support in the early years of their careers is critical for preventing...

13 August 2024 • By Imogen Wilson

Regulation

Regulatory settings hampering integrated tax and financial advice: IFPA

The role of accountants in addressing the financial advice shortage remains largely ignored in the government's...

13 August 2024 • By Miranda Brownlee

Tax

Voluntary tax believer fined $15k for bogus trust deductions

The AAT has upheld penalties for “reckless” returns lodged by a Brisbane woman who questioned the legitimacy of the...

12 August 2024 • By Christine Chen

Regulation

CPA flags ‘duplication risk’ with proposed registration requirements

The inclusion of governance requirements in the registration criteria for companies and partnerships is likely to...

12 August 2024 • By Miranda Brownlee

Super

Less than half of Australians confident about retirement: AustralianSuper

Australians can improve their retirement confidence through everyday activities and habits such as planning and goal...

12 August 2024 • By Imogen Wilson

Appointments

New jobs board launches for accounting industry

Momentum Media is proud to unveil a new accounting jobs board which will promote employment opportunities across the...

08 August 2024 • By Miranda Brownlee

Regulation

TPB treads fine line with new tax agent rules

The board has promised to balance consumer protection with privacy and practicality when developing guidance for the...

09 August 2024 • By Christine Chen

Business

‘Re-energise’ SMEs with 14 steps: ASBFEO

The small business advocate has identified top reform priorities to reinvigorate small businesses currently struggling...

09 August 2024 • By Imogen Wilson

Super

Super bodies call for ‘swift’ law amendment

Superannuation bodies have urged the Australian government to reform superannuation laws to stop family violence...

09 August 2024 • By Imogen Wilson

Regulation

TPB’s guidance on code obligations lacking clarification, Tax Institute warns

Draft guidance issued by the Tax Practitioners Board on the new code obligations adopts vague and highly subjective...

08 August 2024 • By Miranda Brownlee

Business

SME growth in SA stunted by government: e61 Institute

Government reforms to remove payroll tax for small businesses in South Australia back in 2019 have backfired and...

08 August 2024 • By Imogen Wilson

Tax

ATO issues reminder on record-keeping requirements for taxpayers

The Tax Office has reminded taxpayers to consider what work-related expenses they could claim with appropriate...

08 August 2024 • By Imogen Wilson