Business

ATO reports spike in errors with clearance certificates

The Tax Office is seeing mistakes being made with applications for clearance certificates for property purchases.

29 April 2024 • By Miranda Brownlee

more from tag

Business

PwC reveals new corporate strategy; former CEO Stubbins goes it alone

PwC Australia’s new corporate strategy is all about business reinvention; six months after her ousting, former chief...

29 April 2024 • By Christine Chen

Tax

Australians hit with biggest income tax increase in OECD

A 7.6 per cent spike in 2022–23, brought on by bracket creep and the end of the LMITO, has affected low- and...

29 April 2024 • By Christine Chen

Business

Family preferred to accountants for money advice, survey finds

Gen Z and Millennials are ditching the professionals and turning to mum and dad for advice and financial help,...

29 April 2024 • By Christine Chen

Tax

Top adviser calls for end to tax system tinkering in federal budget

When trust taxation, residency, Division 7A, and FBT issues even have accountants confused, it shows wholesale changes...

29 April 2024 • By Christine Chen

Regulation

Government shirks big 4, senator calls for government consulting revamp

Senator Barbara Pocock has called for reforms to government consulting engagements as the Department of Finance...

24 April 2024 • By Miranda Brownlee

Business

Higher-than-expected inflation figures to delay rate cuts, say economists

An interest rate cut is unlikely to occur until next year now with the consumer price inflation data for March above...

25 April 2024 • By Miranda Brownlee

Super

ATO issues alert to SMSFs on crypto scams and losses

The Tax Office is seeing instances of funds reporting losses with crypto investments due to scams and collapsed...

25 April 2024 • By Miranda Brownlee

Tax

AAT upholds ATO decision on self-education expenses

The tribunal has dismissed an appeal relating to self-education expenses claimed as deductions by a dental technician.

25 April 2024 • By Miranda Brownlee

Business

Q1 hiring boom spurs small business recovery: Xero

Latest data shows March recorded the largest rise in jobs since October 2022.

24 April 2024 • By Christine Chen

Tax

CGT, negative gearing reform could save $60bn, analysis finds

Modelling for proposals to dial back property tax concessions finds billions could be freed up every year to address...

24 April 2024 • By Christine Chen

Tax

‘Take advantage of deductions’ ahead of tax cuts, tax expert advises

Accountants should look for opportunities to bring forward deductions and apply them to this year’s income ahead of...

24 April 2024 • By Miranda Brownlee

Technology

Prospa integration to streamline business finance

Small business lender Prospa has integrated its Prospa Business Account with Xero to reduce administration for SMEs.

23 April 2024 • By Miranda Brownlee

Business

QuickBooks, GoCardless launch integration to alleviate cash flow crisis

Intuit QuickBooks and GoCardless have announced an integration that will assist its quarter of a million SMB customers...

22 April 2024 • By Miranda Brownlee

Tax

Accountants cautioned on ‘unexpected tax consequences’ with Division 7A loans

The ATO has reminded tax professionals about the critical requirements for correctly managing Division 7A loans for...

23 April 2024 • By Miranda Brownlee

Regulation

ATO ‘underestimated’ impact of Collins licensing decision: Hirschhorn

The second commissioner told the Inquiry into Consulting he regrets not escalating the PwC matter more rapidly given...

23 April 2024 • By Miranda Brownlee

Business

Moore Australia announces merger with Coffs Harbour practice

National accounting network Moore Australia will merge with Coast2Plateau Accounting Business & Taxation as part of...

23 April 2024 • By Miranda Brownlee

Appointments

Insolvency has a gender problem, says Jirsch’s first female trustee

Emma Mos of Jirsch Sutherland says the insolvency world is still so male-dominated because of ingrained stereotypes...

22 April 2024 • By Christine Chen