Tax

Side hustles run from home can trigger CGT, tax lawyer warns

Conducting a business at your main residence imperils the levy exemption when the house is sold.

11 September 2023 • By Miranda Brownlee

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Technology

CBA to buy Xero cast-off Waddle

The local invoice finance start-up was a casualty of Xero’s restructuring earlier this year.

07 September 2023 • By Philip King

Business

Fintech lenders on collision course with insolvency: BDO

Fintech lenders providing start-up business funding, business overdrafts and lines of credit are facing increasing...

07 September 2023 • By Miranda Brownlee

Appointments

Grant Thornton names national head of risk consulting

After 16 years in the team, partner Jarrod Lean steps up at an “exciting time”.

07 September 2023 • By Philip King

Regulation

TPB bans agent for $3.75m in bogus BAS claims

UPDATED: “Inexcusable behaviour” put clients at risk and the matter was now in front of the ATO and police, the board...

06 September 2023 • By Philip King

Tax

Lock the door to cyber threats, embrace client linking: Jordan

The profession needs to raise its game to combat rising fraud and identity theft, ATO Commissioner says.

07 September 2023 • By Philip King

Tax

Too many businesses roll the dice on tax debt: Jordan

Profitable companies that choose to relegate their tax and super obligations will be a focus of the ATO’s crackdown on...

06 September 2023 • By Philip King

Business

Ban on casual loading 'will mean pay cuts for thousands'

Fair work amendments that will outlaw higher rates for casual work are out of touch with the preferences of...

06 September 2023 • By Philip King

Business

Observers praise RBA pause as key indicators realign

Fears of a wage-price spiral have receded, spending has slowed and the bank needs time to assess, commentators say.

06 September 2023 • By Philip King

Technology

AI to shake-up one-quarter of economy: Deloitte

A generation of students who have grown up with the tech will soon reshape workplaces with financial and professional...

06 September 2023 • By Philip King

Business

RBA presses pause button in ‘uncertain’ economy

The outlook remains clouded by services prices, household consumption a tight labour market and slower growth.

05 September 2023 • By Philip King

Tax

CA ANZ urges government to delay GST input tax credit changes

Provisions relating to the attribution of GST input tax credits should be delayed until ATO guidance in this area has...

06 September 2023 • By Miranda Brownlee

Business

BlueRock adds Arthur Advisory to accounting team

The Melbourne firm chalks up another acquisition as it mulls expansion interstate.

05 September 2023 • By Philip King

Appointments

Job ads jump in August driven by NSW, Qld demand

The latest ANZ data shows a rebound in vacancies while salaries accelerate their upward trend, according to Seek.

05 September 2023 • By Philip King

Tax

ATO escalates warnings over dodgy rental claims

Interest on property loans will come in for special attention this year while additional data matching systems will...

05 September 2023 • By Philip King

Tax

Small business CGT concessions ‘one-way ticket to an ATO review’

The ATO is consistently picking up errors with small business CGT claims due to the complexity of the rules, warns BDO.

05 September 2023 • By Miranda Brownlee

Business

Payment reporting regime slammed as ‘impenetrable failure’

The review makes 13 recommendations for a comprehensive overhaul of a scheme that aims to reduce the time small...

04 September 2023 • By Philip King

Regulation

Fraudster who claimed $830k in GST refunds gets 7.5 years’ jail

ATO says the sentence shows offenders should come forward or face severe consequences.

01 September 2023 • By Philip King