Tax

GP clinics left with uncertainty on payroll tax, says KPMG

Medical centres are unlikely to get clarity on the issue until there is further litigation, the firm believes.

22 September 2023 • By Miranda Brownlee

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Business

Price of services will push up August CPI figure, NAB predicts

Inflation may accelerate this quarter with wage pressure and services prices offsetting disinflation in the cost of...

21 September 2023 • By Miranda Brownlee

Regulation

Canberra unveils sweeping reforms in wake of PwC scandal

Draft legislation includes changes to promoter penalty and secrecy laws as well as stronger sanctions and a more...

20 September 2023 • By Philip King

Technology

Free app ‘aims to put a tax accountant in your pocket’

The Tax App seeks to improve access to accounting by offering services that cost users “half of your weekly grocery...

21 September 2023 • By Christine Chen

Business

Cash access vital ‘to resist agenda of banks, supermarkets’

Demand for the legal tender remains undiminished and many vulnerable people rely on it, lobby group says.

20 September 2023 • By Philip King

Tax

NSW fuels budget turnaround through compliance, tax hikes

The government’s budget closes loopholes and funds Revenue NSW to improve tax “fairness and integrity”.

20 September 2023 • By Christine Chen

Super

Revised NALE rules ‘miss chance to clarify SMSF bugbear’

The ATO will need to help trustees work out when an arrangement is internal to the fund for the purposes of non-arm’s...

20 September 2023 • By Philip King

Business

Carbon boosts Perth presence with Ezetax takeover

The group’s aggressive expansion strategy has almost tripled its headcount in 12 months.

20 September 2023 • By Philip King

Technology

Directors on the hook for cyber security, ASIC warns

Repelling attacks is just the start – businesses must demonstrate an ability to respond or the board will be held...

19 September 2023 • By Philip King

Business

Family businesses ‘fret over cash flow, but optimistic for growth’

The economy determines the number one challenge facing family businesses, a Grant Thornton survey finds, closely...

19 September 2023 • By Philip King

Regulation

CIMA, CPA Australia renew reciprocal membership accord

Subject to passing an exam, any member of one body qualifies to join the other.

19 September 2023 • By Philip King

Regulation

Give TPB power to sanction wayward firms: IGTO

Improve the board’s access to tax data and expand its ability to punish, says the Inspector General of Taxation and...

19 September 2023 • By Miranda Brownlee

Business

Fear prevents businesses on the brink from calling in SWAT squad

Scared of losing control or the cost, directors delay reaching out to turnaround experts says specialist Michael...

18 September 2023 • By Philip King

Tax

Professional profits guidance a ‘blunt tool’ for assessing risk

Arrangements that fail to satisfy a gateway or fall into the higher risk zone under PCG 2021/4 may increase audit risk...

18 September 2023 • By Philip King

Technology

Vincents targets advice specialty at Qld start-ups

The brainchild of an undergrad accountant, the initiative will offer an “all-encompassing” advisory service to...

18 September 2023 • By Christine Chen

Tax

$20k instant asset write-off to get 1-year extension

The amendment will hold off the threshold reverting to $1,000 until June 30 next year.

15 September 2023 • By Christine Chen

Technology

ATO, myGovID, banks, telecoms to rely more on facial recognition

Identity verification laws introduced this week will allow data matching systems to be developed by the...

15 September 2023 • By Philip King

Tax

Qld retreats from payroll tax on medical centre GPs

Treasurer promises ruling next week to confirm patient-to-GP payments will avoid the levy.

15 September 2023 • By Philip King