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Federal Court dismisses appeal in tax dispute over settlement payment
The court has upheld an earlier AAT decision, ruling that a $1 million settlement payment made by an insurer to a doctor was assessable income.
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Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
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WA woman faces jail time for illegal early release scheme
A Western Australian woman has been sentenced to three years in prison for submitting fraudulent applications to obtain illegal access to superannuation benefits.
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Tax agent accused of $231k BAS fraud loses bid to halt TPB ban
A Sydney practitioner has failed to convince the AAT to confidentially stay the regulator’s termination decision.
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PwC ignored warnings to green light Seymour’s CEO bid, inquiry hears
Tom Seymour, who was head of tax at the time of the firm’s confidentiality breaches, was allowed to run for the top job despite opposition from executives and the ATO.
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ATO announces myGovID revamp to end user confusion
From November, the service will be called “myID” after an audit found users kept mixing it up with myGov.
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Why this ‘peri warrior’ is against menopause leave
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
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Reprimand for lawyer who dodged 9 tax returns
A solicitor convicted for failing to complete yearly income tax returns was reprimanded and barred from practising until 2026.
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Class report uncovers $825m tax risk among SMSFs
The latest Annual Benchmark Report from Class has estimated the potential impact of Division 296 tax and highlighted the top unmet advice needs for SMSFs.
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Bill to pay super on parental leave passes Parliament
The payment of superannuation on paid parental leave will boost the retirement incomes of hundreds of thousands of Australians, super funds and unions have said.
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David Pocock to move disallowance motion against TASA changes
The senator will move a motion in Parliament next month to block the controversial Tax Agent Services Determination 2024.
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Small business decries ‘unfair’ payday super changes
The seven-day payment window and closure of the ATO’s clearing house are expected to disproportionately impact smaller employers.
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CPA welcomes push to make instant asset write-off permanent
The Coalition has circulated amendments in the Senate to make the instant asset write-off permanent.
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Aptum Legal snags former ATO assistant commissioner
The law firm has revealed former ATO acting assistant commissioner, Michael Buscema, has been appointed as its new tax disputes practice lead.
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Banned tax agent to spend 5 years behind bars
A former tax agent has been sentenced to five years in jail for obtaining financial advantage by deception and dealing with the proceeds of crime.
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ATO cautions business owners on ‘misconception with PSI’
Splitting or diverting personal services income to gain a tax advantage is likely to be considered tax avoidance, the ATO has warned.
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Treasurer unveils design details for payday super
The government has released further details about the design of its payday super policy including an updated super guarantee charge framework.
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New initiative aims to make super ‘impenetrable’ to cyber crime: ASFA
The peak super body has announced the launch of an initiative aimed at bolstering the super sector’s defences against the growing threat of financial crime.
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Finalists revealed for first-ever Momentum Media Australian AI Awards 2024
Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural awards, which champions those who have transformed t...
ATO urges workers to claim $17.8bn in lost super
Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021.
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