Business

Volume of complaints to ATO almost doubles in 3 years: ANAO report

The Australian National Audit Office has identified income tax, superannuation and client records as the top three...

08 March 2025 • By Miranda Brownlee

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Business

Salary battle proves tough for 70% of finance professionals: Robert Half

Finance employees are pushing for salary increases as sustained inflation and increasing responsibilities continue on...

10 March 2025 • By Imogen Wilson

Business

Business insolvencies on track to spike in 2025, data reveals

Australian business insolvencies are set to increase throughout 2025 due to renewed financial pressures.

07 March 2025 • By Imogen Wilson

Business

Businesses ill-equiped to deal with rising threat of deepfake scams

Some businesses and accountants are struggling to keep pace with emerging deceptive practices such as deepfake scams,...

07 March 2025 • By Miranda Brownlee

Business

IGTO commences review into tax agent phone line

The Inspector-General of Taxation and Taxation Ombudsman has commenced a review into the ATO’s registered agent phone...

06 March 2025 • By Miranda Brownlee

Tax

Ordinarily resides test continues to cause headaches, warns tax expert

The ordinarily resides test still upheld in Australia acts as more of a hindrance than guidance when determining tax...

07 March 2025 • By Imogen Wilson

Business

Mid-sized businesses ‘crucial’ to growth of Australian economy: MYOB

Substantial investment in research and development has seen the productivity of mid-sized businesses rise at a faster...

05 March 2025 • By Miranda Brownlee

Tax

Tax Office to issue penalties for overdue TPARs from 22 March

The ATO has warned businesses to lodge their overdue taxable payments annual reports after issuing millions of dollars...

06 March 2025 • By Miranda Brownlee

Tax

CPA urges government to scrap proposed extension of tax secrecy exceptions

The professional body has said the government’s proposal to extend tax regulator secrecy exemptions could jeopardise...

06 March 2025 • By Imogen Wilson

Regulation

ATO reveals further details about monthly GST reporting push

A change to monthly GST reporting cycles for businesses that have fallen behind on obligations will remain in place...

06 March 2025 • By Miranda Brownlee

Business

Accountants now captured in LMI waiver expansion: NAB

The big four bank has revealed the expansion of waiving lenders mortgage insurance to include accountants in a...

06 March 2025 • By Imogen Wilson and Annie Kane

Regulation

ATO issues draft determination on dodgy circular financing schemes

The Tax Office will look to apply the anti-avoidance provisions to schemes that exploit the early-stage investor tax...

05 March 2025 • By Miranda Brownlee

Business

CA ANZ receives ‘tick of approval’ for Professional Standards Scheme

The professional accounting body has received approval for its new Professional Standards Scheme.

05 March 2025 • By Imogen Wilson

Tax

Independent MPs push for indexation on tax brackets

Crossbench MPs are calling on the government to commit to indexing income tax brackets ahead of the looming election.

04 March 2025 • By Miranda Brownlee

Business

Government expands dispute resolution service for small business

Small businesses can now access low-cost legal advice as part of the government’s funding and commitment to “levelling...

05 March 2025 • By Imogen Wilson

Tax

ATO to cease issuing statements on GIC

The Tax Office will stop issuing automated statement of accounts when the only transaction on an account is a general...

04 March 2025 • By Miranda Brownlee

Tax

ATO releases decision impact statement on anti-avoidance decision

The ATO says the Mylan decision does not disturb its view that Part IVA may apply to debt push-down schemes in some...

04 March 2025 • By Miranda Brownlee

Regulation

GST fraudsters handed jail time in Operation Protego investigation

Two fraudsters have been slapped with two years each behind bars as part of the ATO-led Operation Protego investigation.

04 March 2025 • By Imogen Wilson