Tax

Accountants must educate clients on PAYG instalments: ATO

Whether voluntary or mandatory, the Tax Office has warned agents to ensure their client understands their obligations.

22 February 2023 • By Josh Needs

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Super

Draft objective to ‘protect super from interference’

Superannuation bodies have welcomed the government’s draft objective, saying it will provide equity in the system and...

21 February 2023 • By Miranda Brownlee

Regulation

Compensate victims of serious crime ‘with offender’s super’

Accounting bodies urge the government to widen its scheme beyond child sexual abuse survivors.

21 February 2023 • By Josh Needs

Tax

‘When the audits start, all hell will break loose’

Professionals are being singled out to pay more tax under the ATO’s “discriminatory” profit allocation guidance, says...

21 February 2023 • By Philip King

Tax

TPB bans tax agent for five years over fraudulent grants

The agent falsified statements to support the inappropriate applications for grants.

21 February 2023 • By Josh Needs

Appointments

French connection to strengthen advice team: Mazars

A partner from its Paris office will bring international expertise and bolster client service capabilities, the firm...

21 February 2023 • By Josh Needs

Tax

Ampol pays $157m to settle transfer pricing dispute

The ATO welcomes arrangements with the company’s Singapore operations that stretch forward a decade.

20 February 2023 • By Philip King

Super

Government releases proposed objective for super

The government has today released its proposal for the objective of superannuation as part of a consultation paper.

20 February 2023 • By Miranda Brownlee

Super

Parental leave extensions fail to fix ‘super’ problem

Although the government looks to extend its parental leave program, mothers will still be left with less financial...

20 February 2023 • By Josh Needs

Regulation

Disqualified agents to be ‘weeded out’ if law passes

Entities will need to ensure any tax agents they hire have not been precluded from providing advice, according to a...

20 February 2023 • By Josh Needs

Tax

Accountants face client backlash over blizzard of tax changes

Revised rules require fresh advice but clients often blame their tax professional, says Tim Munro.

20 February 2023 • By Philip King

Tax

‘Many more arrests to come’ over billions in GST fraud

The ATO and AFP say they have acted against more than 53,000 people and prevented almost $2.5 billion in wrongful...

17 February 2023 • By Josh Needs

Regulation

Former GetSwift directors hit with millions in fines

The Federal Court has handed down some of the largest penalties ever for corporate misconduct.

17 February 2023 • By Philip King

Tax

Most taxpayers ‘will be in the dark’ about WFH changes

The ATO should have postponed its revisions to the work-from-home claims regime until next financial year, says H&R...

17 February 2023 • By Philip King

Tax

ATO defends changes to WFH rate, record-keeping regime

Media campaign will get taxpayers up to speed but most are already keeping good records, assistant commissioner says.

17 February 2023 • By Philip King

Business

Unemployment climbs for second month, KPMG sheds staff

Slowdown in consulting work hits big four firm as jobless rate accelerates.

17 February 2023 • By Philip King, Josh Needs

Business

Mazars Australia double-digit growth feeds record global figure

The organisation achieved landmark revenue of €2.45 billion in an “eventful year”.

17 February 2023 • By Josh Needs

Business

Government must fund domestic violence leave for SMEs: COSBOA

The council also calls for the regulation of BNPL products, insurance reform and the restoration of instant asset...

17 February 2023 • By Josh Needs