Regulation

Minister Jones’ determination ‘inconsistent’ with current law, warns IPA

The ministerial determination creates further uncertainty for tax agents and will be challenging for the Tax...

12 July 2024 • By Christine Chen

more from tag

Business

Boutique law firms seeking accounting practice partnerships

Boutique law firms are increasingly exploring partnerships with local accounting firms in order to provide SME clients...

12 July 2024 • By Imogen Wilson

Tax

Stage 3 tax cuts to bring long-term benefits, experts say

UNSW experts say advantages to the recalibrated tax cuts include addressing bracket creep and maintaining a...

11 July 2024 • By Christine Chen

Business

ATO to crack down on Amazon, eBay sellers’ tax affairs

The Tax Office will receive details of accounts that make over $12,000 a year to identify hobbyists-turned-businesses...

11 July 2024 • By Christine Chen

Regulation

Accountants enlisted in war against dirty money

CPA Australia and CA ANZ say proposed anti-money laundering reforms must be balanced and proportionate to avoid...

11 July 2024 • By Christine Chen

Technology

Momentum Media Australian AI Awards 2024 launches for the first time

Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions...

11 July 2024 • By Miranda Brownlee

Regulation

ATO emphasises cyber hygiene during tax time

The ATO has reminded businesses to secure their online platforms, systems, and processes to prevent cyber attacks...

10 July 2024 • By Imogen Wilson

Regulation

Shock tax code changes hit industry

Governance procedures introduced by the Assistant Treasurer without warning last week have flown under the radar but...

10 July 2024 • By Christine Chen

Regulation

ATO and Lunar seize over $6m of illicit tobacco in West Victoria

The ATO and detectives from Taskforce Lunar have seized 3.3 tonnes of illicit tobacco, over $170,000 cash, and 11...

10 July 2024 • By Imogen Wilson

Business

ASIC retains small-business protections in banking code

The corporate regulator has rejected a push by the banks to reduce the protections available to small businesses in...

10 July 2024 • By Imogen Wilson

Tax

Bankruptcy trustee’s bid to shirk CGT on $388k sale fails in court

A recent Federal Court ruling confirms bankruptcy trustees are on the hook for tax on capital gains.

09 July 2024 • By Christine Chen

Regulation

Charities stumble on pay disclosure rules, watchdog finds

Nearly a third of large charities misreported executive pay under new transparency requirements, according to the ACNC.

09 July 2024 • By Christine Chen

Business

ATO hands NFPs 5-month extension to lodge self-reviews

The Tax Office has extended the October deadline to March 2025 amid concerns over the sector’s ability to meet the new...

09 July 2024 • By Christine Chen

Appointments

CA ANZ appoints new director to board

The professional body has welcomed Rachel Walsh to its board of directors, effective 1 July.

09 July 2024 • By Imogen Wilson

Super

ATO flags important super changes for FY25

The ATO is reminding taxpayers of important changes that will impact their superannuation from 1 July.

09 July 2024 • By Imogen Wilson

Tax

Review of Qld property tax draws cautious support

Industry advocates support the move but want a commitment that it will not result in any new taxes being introduced.

08 July 2024 • By Juliet Helmke

Business

ATO teams up with private sector in anti-scam fight

The Tax Office has become the first government agency to join the Australian Financial Crimes Exchange.

08 July 2024 • By Christine Chen

Regulation

Rank audit firms and tie pay to quality, government told

The IPA has called for major reforms to address firm culture, including public performance ratings and quality-based...

08 July 2024 • By Christine Chen