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Beware the early lodgment tax trap, CPA Australia warns
Rushing to lodge tax returns on time is likely to be one of the “biggest and most common” mistakes made by taxpayers this year, according to CPA Australia.
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Tribunal upholds ATO’s position in COVID-19 payment case
A consulting business has failed to prove its entitlement to cash flow support payments that were provided to businesses during the pandemic.
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Family groups must start tax planning now, says Grant Thornton
The professional services firm has released tax planning advice for family groups ahead of the financial year.
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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 providing guidance, tools and tips to new business...
Heffron MD to discuss the super landscape at ACE25 Accounting Conference & Expo
Accountants Daily is pleased to welcome Meg Heffron, managing director at Heffron, to deliver a keynote on how practitioners can prepare for the upcoming superannuation c...
Principal lawyer joins speaker line-up for ACE25 Accounting Conference & Expo
Kaitilin Lowdon, principal lawyer at Sladen Legal, will deliver a keynote address providing the latest insights on section 99B and trust taxation at ACE25.
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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 distributions tax with the ATO increasing its scrutiny in...
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 moving away from trust structures in recent years.
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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 adequately trained, a leadership expert has said.
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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 super balances over $3 million should be taxed.
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Insolvencies plateau but tariff risks loom, CreditorWatch warns
Insolvencies have remained steady in recent months, but tariff uncertainty could impact the near-term business outlook, credit reporting agency data has shown.
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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 resolutions approaching.
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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 the start date of the TASA reforms looms.
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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 in on their succession planning.
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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 warned trustees.
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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.
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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 see administration costs rise for many super funds,...
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 and need, according to CPA Australia.
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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 Australia's lacklustre productivity growth, says the accountin...
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 complexities bite, a new report has revealed.
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