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Independent MPs push for indexation on tax brackets Crossbench MPs are calling on the government to commit to indexing income tax brackets ahead of the looming election. ...
Government expands dispute resolution service for small business Small businesses can now access low-cost legal advice as part of the government’s funding and commitment to “levelling the SME playing field.” ...
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ATO to cease issuing statements on GIC The Tax Office will stop issuing automated statement of accounts when the only transaction on an account is a general interest charge. ...
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ATO releases decision impact statement on anti-avoidance decision The ATO says the Mylan decision does not disturb its view that Part IVA may apply to debt push-down schemes in some circumstances. ...
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GST fraudsters handed jail time in Operation Protego investigation Two fraudsters have been slapped with two years each behind bars as part of the ATO-led Operation Protego investigation. ...
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Bankruptcy dips as personal insolvency solutions surge, data reveals Personal insolvency agreements are gaining traction as an effective debt management solution as businesses continue tackling economic hurdles. ...
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Accounting Conference and Expo returns for a second year in 2025 Following a successful flagship forum last year, the ACE25 Accounting Conference and Exhibition is back for a second year in 2025. ...
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Tax Office issues warning about dodgy NFP tax avoidance schemes The ATO has seen a resurgence in tax schemes that exploit NFP structures to avoid tax. ...
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Accountants are facing AML scrutiny – are you prepared? Accountants are prime targets for regulators cracking down on financial crime, and soon, Australia’s compliance landscape will change dramatically. ...
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ASIC pledges to continue online scam blitz The corporate regulator has revealed online scammers will remain “squarely in the crosshairs”, with 130 investment scams shut down weekly. ...
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ATO sets its sights on 22k taxpayers with high-value debts The ATO is moving rapidly to deploy its full powers against a group of taxpayers who refuse to engage with it and collectively owe $11 billion in tax debt, the Commission...
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Relief on the horizon for weak SME conditions, says ASBFEO The reduction in interest rates is set to bring “modest relief” to SMEs as they continue to battle constrained demand and financing costs, according to the ASBFEO’s...
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BlueRock acquires entertainment industry accounting firm White Sky Advisory firm BlueRock has acquired White Sky, a company specialising in accounting services for the music and entertainment industry. ...
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Tax debt avoidance a recipe for disaster, warns credit expert Businesses are being urged to be proactive in getting ahead of any tax debt they may have to ensure they don’t “fall foul” of the Tax Office. ...
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Legislative change ‘crucial’ to simplifying reporting for smaller NFPs The joint accounting bodies have called for “crucial amendments” to define which smaller not-for-profits can apply a new, simpler accounting standard being proposed b...
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Qld SME owners urged to ‘speak up’ on government red tape reduction Queensland's SMEs have been invited to contribute to the  Crisafulli government’s red tape reduction scheme with the state recording the highest rate of business failu...
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Tribunal varies TPB decision to ban tax agent A tax agent will be suspended rather than terminated after the Administrative Review Tribunal determined her contraventions were less serious. ...
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Happy, cohesive business cultures lead to high performance, says expert Business leaders should endeavour to foster a healthy, cohesive work environment to achieve high performance among employees, according to an HR expert. ...
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Cash flow, late payment struggles set to persist for SMEs, says Moneytech Cash flow and business sustainability for small businesses are under substantial pressure as payment delays persist, reaching their highest rate since 2021. ...
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ATO outlines focus areas for SMSF auditor compliance in 2025 The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025. ...
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