Business

ATO flags areas of concern for small business in latest campaign

The Tax Office will further build on its ‘ready for business’ campaign for small businesses in the coming months by...

27 May 2025 • By Imogen Wilson

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Tax

Tax practitioners warned on emerging issues with family trust elections

A tax specialist has flagged some of the practical problems arising with family trust elections and family trust...

24 May 2025 • By Miranda Brownlee

Business

Trusts here to stay despite mounting complexities, says KPMG partner

A tax advisory specialist has said trusts will remain a fundamental part of the tax system despite many businesses...

25 May 2025 • By Miranda Brownlee

Business

Businesses must avoid promoting ‘accidental leaders’, expert cautions

Under-trained leaders can be detrimental to the success of their team and broader organisation if not addressed and...

26 May 2025 • By Imogen Wilson

Tax

Treasurer claims ‘no alternative’ to taxing unrealised capital gains

Treasurer Jim Chalmers said after three rounds of consultation “nobody” could propose a better way to calculate how...

26 May 2025 • By Keeli Cambourne

Business

Insolvencies plateau but tariff risks loom, CreditorWatch warns

Insolvencies have remained steady in recent months, but tariff uncertainty could impact the near-term business...

23 May 2025 • By Emma Partis

Tax

ATO issues EOFY checklist to trustees

The Tax Office has created a checklist to help trustees avoid basic trust errors with the 30 June deadline for trust...

23 May 2025 • By Miranda Brownlee

Business

Experts outline business preparation for looming code obligations

Businesses and tax practitioners have been urged to ensure they have effective quality management systems in place as...

23 May 2025 • By Imogen Wilson

Tax

Poor succession planning exposing private groups to major tax bills: ATO

Privately owned and wealthy groups are increasingly being hit with unexpected tax consequences as the Tax Office homes...

23 May 2025 • By Miranda Brownlee

Tax

Issues with family trust distribution tax on the rise, ATO warns

Inadequate record keeping and succession planning can increase the risk of family trust distributions tax, the ATO has...

22 May 2025 • By Miranda Brownlee

Business

Cash flow issues, inflation still plaguing businesses, NAB survey finds

Cash flow is the number one concern keeping small and medium business owners awake at night, a survey has found.

22 May 2025 • By Emma Partis

Super

Div 296 to drive surge in administration, audit costs: IPA

The complexities with calculating the new super tax for funds with defined benefits or those with illiquid assets will...

22 May 2025 • By Miranda Brownlee

Business

Victorian budget proves ‘controversial’ for SME community

The release of the Victorian budget is set to leave struggling businesses without the tax relief they desperately want...

22 May 2025 • By Imogen Wilson

Business

Rate cut offers relief but won't resolve productivity crisis: CPA

The 25 basis point cut to interest rates provides relief for households and businesses but does not address...

21 May 2025 • By Imogen Wilson

Business

Accounting fees climb amid rising business costs, report finds

Most accounting firms plan to increase their prices this year as rising business costs and growing regulatory...

21 May 2025 • By Emma Partis

Business

Less commute, more coffee: inside an accounting firm’s caffeinated recruitment...

As the accounting shortage continues to worsen, one firm in Sydney’s Northern Beaches has taken an unconventional...

21 May 2025 • By Emma Partis

Regulation

TPB urges small firms to prepare for new code obligations

Small accounting firms should begin reviewing their procedures and practices to ensure they comply with the eight new...

21 May 2025 • By Miranda Brownlee

Technology

ATO claims online systems are ‘secure and resilient’

The Tax Office has reassured taxpayers its systems have not been hacked, despite media reports claiming otherwise.

21 May 2025 • By Imogen Wilson