Regulation

AAT upholds tax agent termination over unpaid tax debts

The AAT has affirmed a decision by the TPB to terminate a tax practitioner’s registration due to significant personal...

05 June 2024 • By Miranda Brownlee

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Regulation

IPA calls for 6-month delay to dob-in obligations

The 1 July 2024 start date does not provide sufficient time for the TPB’s guidance to be finalised and communicated to...

04 June 2024 • By Miranda Brownlee

Tax

Taxpayers warned on risks with rushed tax returns

CPA Australia says cost of living pressures may drive some taxpayers to rush their return this year to receive an...

02 June 2024 • By Miranda Brownlee

Tax

Lawyer issues reminder on tax risks with UPEs

Unless carefully managed, unpaid present entitlements (UPEs) and beneficiary accounts in family/discretionary trusts...

31 May 2024 • By Keeli Cambourne

Regulation

Practitioners ‘taken by surprise’ by breach reporting requirements, says CPA

The TPB has assured tax practitioners that it will take a transitional approach with the breach reporting requirements...

03 June 2024 • By Miranda Brownlee

Tax

ATO flags critical considerations with family trust elections

Family trust elections and interposed entity elections “should not be set and forget” by trustees or their tax...

03 June 2024 • By Miranda Brownlee

Super

Downsizer contributions can be time critical

With the expansion of the downsizer contribution, the timing of when it is used can affect how to use non-concessional...

30 May 2024 • By Miranda Brownlee

Tax

ATO releases decision impact statement on Minerva decision

The decision does not change the Tax Commissioner’s view that schemes that include a trustee’s exercise of discretion...

30 May 2024 • By Miranda Brownlee

Regulation

ASIC pushes for new penalties for misuse of accountants’ certificates

The corporate regulator wants to see penalties and sanctions applied where the certificates are misused for...

31 May 2024 • By Miranda Brownlee

Business

SME employee growth rate on ‘downwards slope’, recent data reveals

The year-on-year employee growth rate for small business has halved since April last year, according to the latest...

31 May 2024 • By Miranda Brownlee

Tax

Committee pushes for tax changes for large consulting firms

The inquiry into the NSW government’s use of consulting services says large consulting firms should be required to pay...

29 May 2024 • By Miranda Brownlee

Regulation

Qld women sentenced over illegal COVID-19 scheme claims

Three Queensland women who illegally attempted to access superannuation payments under a federal government COVID-19...

30 May 2024 • By Miranda Brownlee

Business

Personal insolvencies rise again in March quarter

AFSA data indicates that personal insolvencies were close to 3,000 for the March quarter, with over a quarter...

30 May 2024 • By Miranda Brownlee

Business

Payment Times bill introduced into Parliament

The Minister for Small Business says the reforms will provide a “shot in the arm” for small business with faster...

30 May 2024 • By Miranda Brownlee

Business

Government ‘failing small business’ with political games: Allegra Spender

The Member for Wentworth has criticised the government over its failure to deliver the promised instant asset...

29 May 2024 • By Miranda Brownlee

Tax

Land tax objections can attract ‘greater scrutiny’, warns law firm

Recent changes to land tax rules and increasing property values is driving an increase in objections against land tax...

29 May 2024 • By Miranda Brownlee

Business

Finalists for Australian Accounting Awards 2024 notified

Accountants Daily has advised hundreds of members of the accounting industry that they have been chosen as finalists...

28 May 2024 • By Miranda Brownlee

Regulation

IESBA chair outlines major priorities for ethics in accounting

Culture and governance in accounting firms and the application of the ethics code to non-professional accountants will...

29 May 2024 • By Miranda Brownlee