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Div 296 to drive surge in administration, audit costs: IPA
The complexities with calculating the new super tax for funds with defined benefits or those with illiquid assets will see administration costs rise for many super funds,...
Victorian budget proves ‘controversial’ for SME community
The release of the Victorian budget is set to leave struggling businesses without the tax relief they desperately want and need, according to CPA Australia.
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Rate cut offers relief but won't resolve productivity crisis: CPA
The 25 basis point cut to interest rates provides relief for households and businesses but does not address Australia's lacklustre productivity growth, says the accountin...
Accounting fees climb amid rising business costs, report finds
Most accounting firms plan to increase their prices this year as rising business costs and growing regulatory complexities bite, a new report has revealed.
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Less commute, more coffee: inside an accounting firm’s caffeinated recruitment drive
As the accounting shortage continues to worsen, one firm in Sydney’s Northern Beaches has taken an unconventional approach to recruiting: handing out free coffees to co...
TPB urges small firms to prepare for new code obligations
Small accounting firms should begin reviewing their procedures and practices to ensure they comply with the eight new code obligations starting on 1 July.
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ATO claims online systems are ‘secure and resilient’
The Tax Office has reassured taxpayers its systems have not been hacked, despite media reports claiming otherwise.
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RBA announces cut to interest rates
The Reserve Bank has decided to reduce the cash rate target following its latest board meeting.
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Gap between employer and employee flexibility expectations is widening, survey finds
There is a widening chasm between employer and employee expectations on workplace flexibility, with implications for talent retention and productivity, a survey has found...
Tax expert slams NSW government over ‘sloppy’ communications on IAWO
Recent email communications to small business owners contain misleading and inaccurate statements about the instant asset write-off measure, a tax specialist has said.
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HLB Mann Judd urges businesses to ‘plan for the future’
The accounting firm has recommended that small businesses structure operations on the four S’: safety, security, sustainability and succession.
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Super tax will haunt government: Spender
The proposed $3 million super tax is a “dangerous” policy for the government to pursue, teal MP Allegra Spender has said.
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TPB bans EY partner and tax agent over tax evasion
A former EY partner from Sydney has had their tax agent registration terminated for misconduct involving tax minimisation schemes.
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ATO turning to creative methods to manage growing debt book
The ATO is increasingly employing non-traditional methods to crack down on expanding tax debts, including garnishee notices, an insolvency specialist has said.
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ATO issues checklist on obligations for business owners
The Tax Office has reminded new businesses to understand their obligations to ensure they stay compliant with tax, superannuation and registration obligations.
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SMSFA calls for urgent action on flawed super tax amid growing panic selling
The SMSFA is calling on the government to urgently address catastrophic flaws in its proposed super tax amid rising community unrest and reports of panic selling across...
Carbon offsets in the spotlight amid greenwashing litigation
A civil case against Energy Australia has showcased the flaws in the Australian government’s ‘Climate Active’ certification scheme, a policy think tank has said.
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ART upholds ATO’s view in decision on partnership distributions
The tribunal has upheld a decision by the Commissioner to include certain distributions from an accounting firm partnership as assessable income.
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Division 296 now a ‘waiting game’, tax expert says
The tax issue of most substance to come from the federal election will be the outcome of Division 296, according to a tax expert.
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Ex Big-4 sibling duo redefine offshoring services with new KPO firm
Chartered accountants Kartik Lakhani and Nomeeta Mistry have launched an outsourcing firm focused on connecting accountants and lawyers with highly skilled professionals ...
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