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News
Misappropriation of client funds lands director with 5-year ban
The Tax Practitioners Board has terminated a tax agent company and its director for the misappropriation of client refunds.
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Personal insolvencies ease slightly in December
The number of personal insolvencies linked to individuals running a business dropped further in December, according to the latest AFSA statistics.
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CA ANZ unveils policy wishlist as election looms
The peak accounting body is calling for accessible financial advice, a money laundering crackdown and measures to address the skills shortage in its seven “election ask...
Undergrad students ‘essential’ for accounting pipeline, says expert
Hiring undergraduates could be the key to attracting and retaining young talent the accounting profession urgently needs, says the founder of Smart Business Solutions.
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ATO updates client verification guidance
The Tax Office has clarified in a recent update that client-to-agent linking cannot be used as a method to verify a client’s identity.
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Grant Thornton appoints national head of technical tax
Grant Thornton has welcomed its new national head of technical tax, David Montani.
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Major parties ‘hellbent on piecemeal tax changes’ as election looms: IPA
The absence of holistic tax reform will cost younger generations dearly in the future, the IPA’s Tony Greco has warned.
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RSM Australia appoints 5 additional leaders in WA
The professional services firm has announced the appointment of five key senior leaders in its Western Australian network.
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Tax agent slammed with 5-year ban for swindling government
A tax agent has been banned by the Tax Practitioners Board for a maximum five-year period for defrauding government systems.
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Crossbenchers push for $50k instant asset write-off threshold
Proposed amendments to increase the instant asset write-off and make it permanent have been voted down in the lower house.
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AML Edge 2025 launched to prepare accountants for looming AML/CTF changes
Accounting professionals will need to upskill ahead of the anti-money laundering and counter-terrorism financing reforms.
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Vincents appoints 8 additional equity directors
The professional services firm has appointed an additional eight equity directors to bolster its advisory, lending, restructuring and lending services.
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SMSFA urges government to reconsider accountants’ role in financial advice
The SMSF Association has called on the government to follow up a review of accountants’ roles in terms of their ability to provide financial advice.
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Government must address ‘declining ATO service standards’, says CA ANZ
The professional body is calling for greater funding for the ATO to improve its efficiency and services for tax agents.
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Effective record keeping critical for preventing ‘costly audits’, ATO warns
Next 5,000 groups must ensure they keep current and accurate records to avoid lengthy and costly audits, the ATO has warned.
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Senators urged to reject ‘harmful‘ super tax bill: CA ANZ
The government will fail to protect Australian farms, investors and small business owners if the super tax bill is to be passed, CA ANZ has warned.
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ASFA calls for super tax changes for low income earners
The super peak body is advocating for an increase in the upper threshold of the low-income superannuation tax offset.
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Fix ATO service delays before imposing GIC changes, says COSBOA
The government should prioritise better service delivery and engagement with small business users before imposing punitive changes to the GIC, the small business advocate...
Concerns raised with ATO’s approach to section 109U
The ATO’s tax ruling could be better targeted towards arrangements of concern instead of a blanket approach, CPA Australia has said.
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BDO calls for overhaul of small business concessions
Small business concessions should be a key priority of the government to ensure a “holistic review” of the Australian tax system, BDO has said.
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