Regulation

ATO to be given ‘notice to produce’ powers under proposed changes

The government is exploring options for expanding information-gathering powers for the ATO and TPB.

06 May 2024 • By Miranda Brownlee

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Tax

Scrutinise trust deeds to avoid ‘unexpected outcomes’, ATO urges

The Tax Office has said it often sees trustees failing to follow deeds or not checking family trust elections.

06 May 2024 • By Christine Chen

Appointments

BDO launches Perth infrastructure practice with housing focus

The infrastructure and advisory group aims to work with the government and private sector to help build more social...

06 May 2024 • By Christine Chen

Business

Accountant shortage, knowledge gap a ‘grave concern’ for leaders

The financial services sector is reportedly amid a significant knowledge gap. This could severely impact the finance...

03 May 2024 • By Jack Campbell

Technology

‘The final straw’: Xero users baulk at another price hike

Accounting software giant draws storm of criticism after jacking up plan fees for the second time in a year.

03 May 2024 • By Christine Chen

Business

Power to name and shame late payers is excessive, biased: Ai Group

Proposed reforms to improve small business payment times will allow the government to publicly denounce around 1,500...

03 May 2024 • By Christine Chen

Regulation

TPB to implement safeguards against ‘vexatious breach reports’

The TPB has assured tax agents that any frivolous or malicious reports made under the dob-in provisions will be viewed...

02 May 2024 • By Miranda Brownlee

Appointments

Grant Thornton nabs former EY partner for private business tax team

Jenni Nash has joined Grant Thornton as a partner in the firm’s private business tax and advisory team.

01 May 2024 • By Miranda Brownlee

Business

Disqualified entities changes leaves tax agents ‘in the lurch’

Every tax practitioner must treat changes around disqualified entities with great importance and not dismiss them,...

02 May 2024 • By Miranda Brownlee

Appointments

Industry veteran Michael Croker retires from CA ANZ

CA ANZ Australian tax leader Michael Croker has announced his retirement after 40 years in the profession.

02 May 2024 • By Miranda Brownlee

Technology

MYOB simplifies business management with platform update

The accounting software provider has reduced technical jargon and introduced user-friendly features to make doing...

01 May 2024 • By Christine Chen

Regulation

TPB releases draft guidance on breach reporting obligations

The draft guidance aims to address the uncertainty and confusion surrounding the upcoming breach reporting obligations.

01 May 2024 • By Miranda Brownlee

Business

Accounting bodies slam ATO’s use of client linking to tackle fraud woes

IGTO report shows the ATO should have tried less burdensome anti-fraud measures before putting taxpayers and their...

01 May 2024 • By Christine Chen

Tax

ATO expands data-matching program for crypto assets

The ATO plans to collect cryptocurrency data for up to 1 million individuals as part of new compliance activities.

01 May 2024 • By Miranda Brownlee

Appointments

BGL announces spate of promotions to drive growth

Software firm BGL has made four key appointments to bolster its strategic growth and foster innovation.

29 April 2024 • By Miranda Brownlee

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

Tax

Budget tipped to deliver tax breaks for business investment

BDO has highlighted the need for the federal budget to bring additional tax deductions rather than simply accelerated...

30 April 2024 • By Miranda Brownlee

Tax

ATO’s systems vulnerable to tax fraud, IGTO report cautions

The IGTO has found the ATO’s controls for preventing fraud inadequate, with fraudsters managing to lodge fraudulent...

30 April 2024 • By Miranda Brownlee