iscover 
Business
ATO accelerates STP phase 2 efforts
The Tax Office is encouraging more businesses to make the switch to single touch payroll phase 2.
28 June 2022 • By Emma Musgrave
Business
ASIC circles adviser over alleged falsification of company books
28 June 2022 • By Emma Musgrave
Tax
ATO flags early release concerns with lapsed lodgers
28 June 2022 • By Emma Musgrave
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Tax
Profit-splitting professionals ‘in the dark’ over revised tests
Stricter compliance guidelines applying from July could catch out many firms.
27 June 2022 • By Philip King
Tax
Agreement rule is ‘100A Achille’s heel’
A trust entitlement has to arise from a prior reimbursement agreement for the tax avoidance measure to apply, says a...
27 June 2022 • By Philip King
Business
SMEs suffering post-pandemic mental health hangover
Stress levels for small-business owners are higher now than during COVID, survey finds.
27 June 2022 • By Philip King
Regulation
Melbourne store fined $108k for underpaying visa worker
FWO pursued grocery over $12-an-hour rate and failure to provide payslips.
27 June 2022 • By Philip King
Tax
‘Confusion’ reigns over 100A as year counts down
Fundamental problems with the ATO’s approach to trusts mean its recent guide will be useless for most accountants,...
24 June 2022 • By Philip King
Regulation
ATO takes aim at ‘reckless’ claims of legal privilege
Final protocol developed to prevent “inappropriate” withholding of evidence, the office says.
24 June 2022 • By Philip King
Appointments
Armstrong Dawson merges with SW
The Sydney-based firm joins SW Accountants & Advisors private client division.
24 June 2022 • By Philip King
Tax
Avoid wrong moves with rental property, urges ATO
The office says agents should be on alert for three common taxpayer errors.
24 June 2022 • By Philip King
Technology
Tax season turns accountants into ‘prime cyber-attack targets’
Practices need to protect themselves because they are dealing with huge quantities of sensitive data, says Akamai.
23 June 2022 • By Josh Needs
Tax
Tax Institute sends Labor a lengthy to-do list
The independent body identifies outstanding measures that should be priorities for Canberra.
23 June 2022 • By Philip King
Tax
Careful with those crypto losses, Tax Office warns
Most digital currency buyers and sellers will fail to qualify as businesses and fall under CGT rules.
23 June 2022 • By Philip King
Tax
ATO urges small business to ‘nail’ its tax
A comprehensive toolkit gives a run-down on expenses and deductions.
23 June 2022 • By Josh Needs
Business
State budgets give and take on payroll tax
NSW ends pandemic holiday, Queensland helps small business but adds health levy.
22 June 2022 • By Josh Needs
Regulation
Squirrel Super fined $55k for false property claims
Federal Court finds financial services company distributed thousands of misleading brochures.
21 June 2022 • By Philip King
Tax
ATO’s 100A tax time guide meets cautious welcome
The update is “helpful” and “clearer” but uncertainty remains, say accountants and professional bodies.
22 June 2022 • By Philip King
Tax
NSW property tax reform to cost $729m
The state budget gives first home buyers the chance to avoid upfront stamp duty.
22 June 2022 • By Josh Needs
Tax
Tax time guide offers path through 100A
ATO update on trust distributions outlines key features of low and high-risk arrangements.
21 June 2022 • By Philip King