Tax

Court rules against Qld businessman’s EY-inspired tax schemes

The founder of surfwear brand Billabong used advice from EY to minimise tax from the sale of his bioplastics company,...

17 May 2024 • By Christine Chen

more from tag

Regulation

CA ANZ welcomes additional staffing for ASIC

The additional staffing announced for ASIC should focus on the regulation of audit and financing reporting, says CA ANZ.

16 May 2024 • By Miranda Brownlee

Appointments

Grant Thornton makes 9-day fortnight permanent

The mid-tier accounting firm will continue to refine its approach to the shortened working week, citing encouraging...

16 May 2024 • By Nick Wilson

Business

Budget ‘fails to charm small business’, says IPA

The federal budget has delivered little relief to small businesses facing increased debt collection activities, margin...

16 May 2024 • By Miranda Brownlee

Regulation

Definitions in dob-in provisions ‘highly problematic’ for practitioners

The requirement for tax practitioners to form a legal opinion about what constitutes an indictable offence will be...

16 May 2024 • By Miranda Brownlee

Tax

ATO to be granted greater discretion over old tax debts

The Tax Office will be given additional discretion as to how it treats the billions of dollars in on hold tax debts.

14 May 2024 • By Miranda Brownlee

Business

Foreign student cap ‘will exacerbate accountant shortage’

CPA Australia and CA ANZ have warned the government against rushing to set a cap on international students as the...

15 May 2024 • By Christine Chen

Business

Popular $20k tax break fails to move needle on SME cost pressures

A MYOB survey finds the instant asset write-off scheme was the FY22–23 budget’s most popular relief measure for small...

15 May 2024 • By Christine Chen

Tax

Federal budget: The accounting profession delivers its verdict

The Federal Budget for 2024 delivered smaller, targeted small business support but failed to deliver more...

14 May 2024 • By Miranda Brownlee

Technology

You’re missing out if you don’t use AI often, accountants told

It is up to accountants to use AI tools often to reap their benefits, a technology strategist has said.

14 May 2024 • By Miranda Brownlee

Super

SMSFA urges Senate crossbench to halt ‘flawed’ super tax bill

The decision by the Senate Economics Legislation Committee to proceed with the bill without amendment will result in...

13 May 2024 • By Keeli Cambourne

Tax

Business tax incentives, tax reform top of budget wishlist

The accounting profession has outlined the critical measures it would like to see handed down in tonight’s federal...

14 May 2024 • By Miranda Brownlee

Tax

NFPs urged to update associates, contacts ahead of new reporting

Non-charitable not-for-profit organisations must update any new associates and authorised contacts ahead of lodging...

14 May 2024 • By Miranda Brownlee

Business

Cash flow analysis key to small business restructuring

Directors using the scheme will need cash flow forecasts, and accountants are primed to provide them, according to a...

14 May 2024 • By Miranda Brownlee

Regulation

Committee approves PwC reforms, downplays concerns of ‘chaotic’ agenda

The recommendation to pass the bill comes despite concerns over hefty new promoter penalties and a push to separate...

13 May 2024 • By Christine Chen

Business

Senate committee gives $3m super tax bill the green light

The draft of the $3 million super tax legislation remains unchanged and will include the taxing of unrealised gains...

10 May 2024 • By Miranda Brownlee

Regulation

SMEs still unaware of payment times regime, government told

CA ANZ and CPA Australia have said there has been little improvement in actual payment times and the government should...

13 May 2024 • By Christine Chen

Business

Work/life balance trumps salary for accountants, Seek data shows

Job-hunting accountants value flexibility and the ability to work from home the most, while financial considerations...

13 May 2024 • By Christine Chen