Super

Budget ‘must address NALI rules, simplify super’

As cost of living pressures continue to rise along with inflation and interest rates, reform to superannuation is...

25 October 2022 • By Josh Needs

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Business

Sole traders cut back super, work longer hours

Rising costs and extra paperwork has hit work-life balance for independent earners, specialist accountancy says.

24 October 2022 • By Josh Needs

Business

Global ESG standards ‘a stretch target for ASX200’

Many companies need to improve their measurement of risks in hitting sustainability goals, says PwC.

24 October 2022 • By Josh Needs

Business

Christmas ‘crunch time for economy, inflation outlook’

It will take until next year — and further rate rises — until demand drops and inflation flattens out, says HLB Mann...

24 October 2022 • By Philip King

Tax

ATO to target individual taxpayers over $8bn shortfall

Work expenses, omitted income, and rental claims will come in for extra scrutiny to narrow the tax gap.

24 October 2022 • By Philip King

Tax

ATO relaxes lodgment deadlines for flood-hit zones

With four different states facing catastrophic flooding, the Tax Office has revived previous support schemes.

21 October 2022 • By Josh Needs

Super

Over half of SMSF directors yet to apply for director ID

Directors of corporate trustees for SMSFs will need an ID by 30 November.

21 October 2022 • By Miranda Brownlee

Tax

Small business debt and tax gap at top of ATO hit list

Second Commissioner says the sector is the biggest culprit and digitisation will be key to bringing it around.

21 October 2022 • By Philip King

Business

Budget to focus on inflationary pressures, cost of living: Treasurer

Next Tuesday also introduces a wellbeing budget to report on health, climate impacts, and child poverty.

21 October 2022 • By Josh Needs

Technology

Crypto exchange launches a digital asset Mastercard

The card allows Coinspot users to purchase anywhere that accepts Apple or Google Pay.

24 October 2022 • By Josh Needs

Technology

ATO ‘hit by 3m cyber attacks a month’

Second Commissioner says criminals are getting smarter about identity theft and the tax infrastructure is vulnerable.

20 October 2022 • By Philip King

Business

ASX 100 outperforms top globals on ESG, says KPMG

Almost 90 per cent of the top 100 Australian businesses recognised climate as a financial risk up from 78 per cent in...

21 October 2022 • By Josh Needs

Tax

Slug on high-income earners a budget option: H&R Block

Cost-of-living support could be funded by a levy on the top marginal rate, says executive.

20 October 2022 • By Josh Needs

Regulation

Government ramps up director ID campaign as deadline looms

The Albanese government steps in with a publicity campaign after figures revealed only one-third of directors have...

20 October 2022 • By Miranda Brownlee

Business

Small business will rely on ‘most important budget in a decade’

Vital that government supports the sector with a range of reforms, says COSBOA.

20 October 2022 • By Josh Needs

Tax

Politicians damned for ‘dumb’ attempts at tax reform

Australia is saddled with an overcomplex system that punishes families, former ATO lieutenant says.

20 October 2022 • By Philip King

Business

‘It went over the top of the sandbags — water got in regardless’

Accountant in flood-stricken Victoria battles to help community despite inundated office.

19 October 2022 • By Josh Needs and Philip King

Business

Debt crusade means more DPNs on the way, says BDO

The ATO will accelerate its mail-out of director penalty notices in an attempt to reduce the huge amount owed by small...

19 October 2022 • By Malavika Santhebennur