Business

Draft legislation to provide tax relief for certain lump sum payments

The draft legislation will exempt eligible lump sum payments in arrears from the Medicare Levy where they are received...

08 April 2024 • By Miranda Brownlee

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Business

First-ever accounting conference and expo launches

Accountants Daily will host its inaugural ACE24 Accountants Daily Conference and Exhibition, where the ATO and other...

08 April 2024 • By Miranda Brownlee

Technology

Government warns taxpayers again of myGov ATO scams

Fraudsters are still sending bogus messages to gain access to personal information and illegally claiming tax refunds,...

08 April 2024 • By Christine Chen

Regulation

William Buck director fined $20.6k over audit independence concerns

Nicholas Benbow is the first auditor ASIC has fined over allegedly breaking five-year rotation requirements for listed...

08 April 2024 • By Christine Chen

Tax

ATO urges NFPs to start preparing for new reporting requirement

The ATO has warned the 150,000 not-for-profits who currently self-assess as income tax exempt to get ready for their...

05 April 2024 • By Miranda Brownlee

Appointments

Big 4 partners, directors jump ship as mid-tier demand surges

Partners and directors from EY and Deloitte have moved to BDO and RSM in a flurry of recent appointment activity.

08 April 2024 • By Christine Chen

Business

ATO to boost affirmative action after missing Indigenous staff targets

A mid-year report has shown the Tax Office is struggling to meet 2023–24 staff representation targets, with the...

08 April 2024 • By Christine Chen

Business

Tax agents ‘relentlessly pushed to self-serve’ on ATO systems, says CA ANZ

Practitioners are frustrated with the increasing amount of administrative work they are required to do due to...

08 April 2024 • By Miranda Brownlee

Tax

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt

Small businesses are increasingly falling behind on debts, with two-thirds of all debt owed by small business, the ATO...

05 April 2024 • By Christine Chen

Business

Discretionary spending by households dips in latest data

A slight fall in discretionary spending suggests consumers may be shifting their spending due to cost-of-living...

05 April 2024 • By Miranda Brownlee

Business

Accounting bodies pin hopes on UK deal to relieve auditor shortage

A mutual recognition agreement between Australian and UK regulators should increase talent flows and be a "major...

05 April 2024 • By Christine Chen

Tax

Households face highest tax levels in 2 decades, analysis shows

State and federal governments must make a concerted effort to curb spending or risk a record tax blowout, according to...

05 April 2024 • By Christine Chen

Business

Government’s ‘high-taxing agenda’ damaging small business, says Peter Dutton

Complex changes to the IR system, increased taxes and rising energy costs are crippling small business and impacting...

03 April 2024 • By Miranda Brownlee

Appointments

PKF appoints 2 Newcastle audit partners

Auditors Kevin Helmers and David Hutchison have been promoted after working at the mid-tier firm for over a decade.

04 April 2024 • By Christine Chen

Business

Revenues fall for over 1 in 3 sole traders, survey finds

The result from Hnry’s sole trader survey bucks a two-year trend of post-pandemic growth.

04 April 2024 • By Christine Chen

Technology

Deakin tax tool to help NFPs cope with ATO’s ‘ticking time bomb’

New reporting requirements threaten the tax-exempt status of thousands of NFPs without accounting experience, Deakin...

04 April 2024 • By Christine Chen

Regulation

Aged care reforms need more consideration: joint bodies

Professional accounting bodies have said the government needs to carefully consider funding arrangements before...

03 April 2024 • By Miranda Brownlee

Tax

Common FBT mistakes flagged as FBT season kicks off

BDO has outlined several areas within fringe benefits tax that employers and accountants should pay close attention to.

03 April 2024 • By Miranda Brownlee