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The Tax Institute adds Qld rep to National Council
The Tax Institute has added senior lawyer John Ioannou to its national council as its Queensland representative to further the tax reform conversation.
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AFSA to home in on 4 ‘key harms’ in FY25
The Australian Financial Security Authority has revealed its regulatory focus for 2025–26 to help identify key harms which undermine the insolvency system, adversely im...
BDO welcomes 7 new partners to national network
The professional services firm has revealed the appointment of seven additional partners across its Sydney, Brisbane and Perth offices.
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ATO’s GIC non-deductibility guidance falls short, says IPA
The ATO’s guidance on the recent law changes to GIC has fallen short in effectively equipping tax practitioners with the necessary knowledge, according to the professio...
Auditor shopping could be a problem with Div 296: adviser
SMSF trustees may start “shopping around” to get the best market valuation for assets with Division 296 tax on the horizon, according to a superannuation specialist...
What the RBA’s surcharge ban means for accountants and their clients
Australia’s payments system is on the cusp of its most significant reset in decades, writes Chris Jewell.
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IFPA welcomes newly appointed CEO
The IFPA has revealed the appointment of Ky Wilson as its new chief executive.
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‘Cut red tape and boost tech’: SME community needs support, revival
The government must focus on providing increased support to struggling small businesses, enabling them to invest, bolster and leverage their potential.
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ATO issues warning as GST fraud surges in property and construction
As GST remains front of mind for the profession, the Tax Office is turning its attention to cracking down on GST fraud in property and construction.
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Accountants choose tech ‘by credibility and community’
New exclusive research has shown that, for accounting tech, the discovery process is driven mostly by seeking peer input and attending events over direct vendor contact.
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Gambler’s luck runs out with hefty tax bill on ‘unexplained’ income
Amateur poker player “Lucky Eddie” has failed to overturn a substantial tax bill after an audit uncovered numerous “unexplained” income sources.
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New partners should be wary of financial implications, accounting firm warns
As promotion season comes to an end and newly appointed professional services firm partners settle into their roles, they have been warned of looming practical and tax im...
IT company director to face court following $150k in alleged underpayments
A company director is facing the prospect of penalties from the Fair Work Ombudsman after allegedly underpaying workers almost $150,000.
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Convicted BAS agent has registration terminated for 5 years
After being convicted and sentenced to jail, Georgia Sellick has had her BAS agent registration terminated by the TPB.
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Div 296 unlikely to enter parliament in first sitting fortnight
The $3 million super tax bill may not make an appearance during the first two weeks of the new parliament, as the Greens hold firm on their push for a lower threshold.
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Future-proof your business: How to succeed in any economic cycle
A partner at Accendo Financial has discussed the role of brokers and accountants in helping SMEs navigate uncertainty ahead of the free-to-attend SME Bootcamp 2025.
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46% of Aussie SMEs directly impacted by interest rate changes, MYOB reveals
The Reserve Bank’s recent decision to hold the cash rate steady rocked the small business community, with many set to keep a close eye on it over the coming months.
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Div 296 kicked the hornets’ nest, but rash decisions will get clients stung
Whether SMSF members should move assets out of super to avoid the proposed $3 million super tax has stirred up considerable debate, but a technical expert has said ther...
Inclusivity and empathy must feature in ATO vulnerability framework, says CA ANZ
The professional accounting body has welcomed the ATO’s vulnerability framework but believes it needs amendments to “strengthen its clarity and effectiveness”.
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‘Worked for nothing’: Deaf apprentice denied wages, FWO finds
An Adelaide-based vehicle services and repair business has been hit with a hefty penalty for failing to back pay wages to a deaf worker.
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