iscover
News
ATO dispels myths about super rules in response to fake articles
The Tax Office has issued an alert about circulating misinformation regarding super preservation rules.
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TikTok tax advice misleading taxpayers, cautions CPA
CPA Australia has issued a warning about relying on online tax tips after seeing numerous examples of outrageous claims about tax deductions.
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New financial services minister announced
Prime Minister Anthony Albanese has confirmed that Dr Daniel Mulino will serve as assistant treasurer and financial services minister during an announcement in Canberra...
ATO’s debt book climbs to $105bn
The Commissioner has said the ATO will take deliberate and targeted action in its tax collection activities with total tax debt "the largest it’s ever been".
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Grant Thornton Adelaide adds corporate tax partner to network
Grant Thornton Adelaide has welcomed its newest corporate tax partner, Mark D’Angelica.
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Tribunal rules in favour of taxpayer in tax evasion case
The Administrative Review Tribunal has determined that a taxpayer did not engage in tax evasion in a dispute involving millions of dollars of UK-sourced income.
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SME owners urged to tackle succession planning roadblocks: NAB
SME owners are becoming increasingly worried their retirement will trigger the liquidation of their business, according to recent research by NAB.
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Government advised to delay payday super to avoid ‘chaotic’ transition
Industry associations have raised concerns about certain design aspects of the new payday super regime and urged the government to defer the start date.
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Modoras welcomes Timothy Dalton as tax leader
The financial services firm has added a new tax leader and partner to its ranks.
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Court strips gold bullion fraudsters of $8.7m for GST scheme
Two leaders in an Australian criminal syndicate have been stripped of more than $8.7 million in assets for their roles in an elaborate gold bullion GST fraud.
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Corporate leader hopeful Greens will see the light on taxing unrealised capital gains
Geoff Wilson has said he is confident the Greens will understand the impact taxing unrealised gains would have on Australia’s economy.
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ATO ‘hypervigilant’ with oversight of AI activities, Hirschhorn assures practitioners
The Tax Office is becoming increasingly data-driven, but has implemented safeguards and procedures to prevent “high-impact errors” from occurring, the second commissi...
William Buck marks Aussie first with chief economist appointment
The accounting and advisory firm has welcomed the appointment of its new chief economist, Besa Deda.
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SMSFA still hopeful Div 296 bill may include amendments
There is still hope that the Division 296 is not a “done deal”, the head of the SMSF Association has said.
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CPA and ACS enhance IT and accounting prospects with MoU
The professional accounting body has joined forces with the Australian Computer Society to collaboratively support the careers of IT, accounting and finance professionals...
Hold off on major changes until final Div 296 bill is passed, experts warn
“Don’t pull the trigger just yet” is the overwhelming advice coming from the SMSF sector regarding preparing for the proposed Division 296 tax.
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Public executive accused of splashing out millions contracting friends: ICAC
A former executive of School Infrastructure NSW (SINSW) has been accused of spending millions of taxpayer dollars on inappropriately procured contractors, including PwC.
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Accounting shortage opens up ‘dream job’ opportunities for accountants
The accountant shortage has given workers more bargaining power to secure better conditions, public accountant recruitment specialist Christine Foggiato says.
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Air fryer fails tax deduction ‘pub test’: ATO
The Tax Office has revealed a list of “unbelievable” tax deduction attempts to remind taxpayers that their air fryer purchase “generally won’t make the cut”.
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CPA applauds Qld government for bolstering SME community
The Queensland government’s Small and Family Business First Action Statement has been welcomed with open arms by CPA Australia.
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