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ATO to push non-compliant businesses to monthly GST reporting
Small businesses with a history of not complying with their obligations may be moved to monthly GST reporting from the start of April, the ATO has warned.
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Tax Office puts contractors on notice over misreporting of income
The ATO's data matching programs have identified contractors that are incorrectly reporting or omitting contractor income.
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5-day office mandate picking up steam in employers, Robert Half reveals
A shift among Australian employers is emerging, with more beginning to mandate five days in the office as they follow the lead of other businesses.
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ANAO releases audit report into ATO's arrangements for AI
The Australian National Audit Office has found the ATO's governance arrangements for supporting the adoption of AI to be partly effective and outlined areas for improveme...
Practitioners left in ‘uncertain position’ as TR 2010/3 unravels
Accountants may need to lodge objections for some clients following the Bendel decision but must first wait for further clarity from the ATO, BDO has advised.
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Submissions open for Australian Accounting Awards 2025
Nominations and submissions are now open for this year’s Australian Accounting Awards.
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Wholesale investor rules of great concern for SMSF sector
The SMSF Association has said there is an urgent need for the government to prioritise legislative amendments to clarify the operation of wholesale investor rules for S...
AI adoption key to unlocking long-term business profitability, survey reveals
Increasing adoption of artificial intelligence could lead to a significant uptick in business innovation and profitability, an international survey has revealed.
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Aussie super system set to climb global ranks over next decade: SMC
Australian retirement savings are on track to becoming the second largest in the world, rising from fourth by 2031.
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Oversight body must ‘stand the test of time’, says CPA Australia
The new oversight body must have a sound legislative basis and incorporate current provisions and a governance framework, CPA Australia has advised.
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Accounting bodies axe professional year program for international students
Professional bodies say they’ve been left with no option, but to cease the program following a sharp decline in participants and barriers towards modernising the progra...
Accountants must prepare for anti-money laundering reforms now, warn experts
Accountants need to get on the front foot and prepare for the sweeping reforms in the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, according to...
SMSFA says it is time for government to take Div 296 ‘off the table’
It’s time the government takes the Division 296 tax “off the table” and listens to industry concerns, the SMSF Association has said.
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ATO likely to face difficulties in appealing Bendel decision, says law firm
The Commissioner may seek special leave to appeal the Bendel decision but would face an "uphill battle" following a unanimous full court decision, legal experts say.
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CA ANZ issues warning about oversight body merger
Excluding practising accountants from the proposed financial standards body is akin to having a medical standards board without doctors, the professional body has caution...
Commissioner flags 'heightened risk behaviours' with SMSFs as sector grows
The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of superannuation funds.
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Gen X, Millennials driving SMSF growth
Generation X and Millennials are driving the establishment of new SMSFs, according to the latest data from Class.
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Full Federal Court rules against ATO in Bendel decision
The court has handed down its decision on the Bendel case, dismissing the ATO’s appeal.
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SMSF Association celebrates $1tn milestone
The SMSF sector hit a key milestone in 2024, with total assets invested in SMSFs reaching $1 trillion.
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Political interest in overhauling tax residency laws has ‘disappeared’, says specialist
Neither major party appears to have much motivation for simplifying and fixing the tax residency laws despite previous announcements from both parties, a tax specialist h...
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