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ATO unveils revised SME benchmarks for 100 industries
The Tax Office has revealed new financial benchmarks to help small business owners stay in good financial health.
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Labor government pledges to extend small business protections
The Albanese government will extend unfair trading practice protections for small businesses.
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Insolvency and restructuring law firm nabs former ASIC lawyer
James Conomos Lawyers has appointed insolvency and litigation specialist lawyer Adam Carr as a senior associate.
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TPB appoints Amanda Gascoigne as board member
Accounting industry consultant and coach Amanda Gascoigne has been appointed board member of the Tax Practitioners Board.
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Government unveils draft legislation for payday super
Draft legislation that will require super to be paid at the same time as wages has been released for consultation.
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Government to clarify tax arrangements for MITs
Income tax laws are set to be amended to ensure investors can continue to access concessional withholding tax rates through managed investment trusts.
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Majority of NFPs yet to lodge self-review return as deadline looms
The ATO has issued an urgent reminder to not-for-profits with roughly only 20,000 of the total 100,000 NFPs required to lodge a self-review return having lodged it ahead ...
Community tip-off leads Tax Office to seize $35m of illicit tobacco
Sixteen tonnes of illicit tobacco valued at nearly $35 million have been seized by the ATO, Victoria Police and the Australian Border Force.
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Accounting firms turn to offshoring amid worker shortages
As accounting firms continue to struggle with the talent shortage, some companies are turning to offshoring to plug the gaps in their workforce.
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High taxes, regulation burden driving Aussie start-ups offshore, says tax specialist
Australia needs to overhaul its tax mix with high taxes and excessive regulation seeing some Australians move overseas to start businesses, the director of Vantage Accoun...
ATO outlines current focus areas for tax 3.0 plans
Faster error detection, easier calculation of PAYG instalments and encouraging more frequent reporting are some of the Tax Office’s focus areas for creating a more digi...
SME owners must value profit margins over revenue, accountants reveal
Scaling a business should be focused on personal and profit margin goals rather than revenue growth to efficiently foster sustainable success.
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Changes to tax secrecy laws could pose ‘unacceptable risk’, warns Tax Institute
The sharing of confidential tax information with bodies or agencies unrelated to tax administration raises “significant concerns about privacy and confidentiality”, T...
Profitability and sustainability goals crucial for long term SME success
Individuals looking to establish a business must understand the sacrifices and challenges that can accompany it, according to the co-founder of Four Pillars Gin.
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Accountants grapple with incoming reforms
As accountants deal with the implications of incoming AML/CTF reforms, the IPA’s chief executive has shared the industry’s key concerns and what needs to happen next....
SMSFA warns against cold callers selling SMSFs
The SMSFA has issued a warning about “nefarious” cold callers selling SMSFs.
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ATO flags top target areas for FBT this year
The ATO has outlined some of the common errors attracting its attention with fringe benefits tax with the FBT year ending soon on 31 March.
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Negative gearing, CGT discounts supercharging housing crisis: ACOSS
The Australian Council of Social Services has called for reforms to negative gearing and capital gains tax discounts, saying they have supercharged inequality and exacerb...
December quarter unveils personal insolvency surge: AFSA
The December quarter saw a moderate increase in personal insolvencies across Australia, data from AFSA has revealed.
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Under the Hood: What’s happening in the AD newsroom as the election looms
This week on UTH, Imogen is joined by Miranda Brownlee, editor of Accountants Daily and Accounting Times. Miranda provides an insight and recap into what the AD team has ...
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