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TPB to step up fight against ‘high risk’ unregistered agents
The regulator will use all of its powers and engage the AFP to track down rogue practitioners, chairman Peter de Cure has said.
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Surging taxes driving slump in Australian living standards, warns economist
Australia needs to explore policies such as major tax reform, investment incentives and deregulation to help boost productivity and improve living standards, AMP chief ec...
Consumers warned to avoid post-Christmas ‘spending hangover’
Australian consumers are set to spend an average of $800 each to fund Christmas gifts, holidays and celebrations, according to recent research from ASIC’s Moneysmart.
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Survey reveals critical lack of tax knowledge among professionals
Tax professionals lack thorough tax education with 72 per cent revealing their university degree left them underprepared, according to the Tax Institute.
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SMEs set to face 7 major challenges in 2025, research reveals
Tighter employee laws, increased competition and cyber attacks are among the seven challenges SMEs are set to face in 2025, according to Small Business Loans Australia.
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Government tipped to explore further super tax changes: Generation Life
The government will likely look at further superannuation policy changes shortly despite the challenges it has faced in passing the Division 296 tax, an investment bonds ...
ATO cracks down on advisers abusing tax breaks for start-ups
Advisers are exploiting the early-stage investor tax offset through dodgy circular financing arrangements, the ATO has warned in a recent alert.
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ATO to home in on incorrect tax residency claims
The Tax Office has revealed a proportion of private group taxpayers were found to be incorrectly lodging as non-residents instead of lodging as residents.
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Victorian business confidence and investment at all-time low
CPA Australia has advised the Victorian government to take more substantial action in the fight for business confidence and discouraged private sector investment.
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How gifts this Christmas could trigger ATO scrutiny
Tax rules around presents received during the holidays are more complex than people might think, according to one HLB Mann Judd director.
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Cash flow concerns a nightmare for Aussie SMEs: NAB
Cash flow remained the top concern for small business owners throughout Q3, according to NAB’s SME Business Insights.
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Tax Office flags concerns with related-party financing in construction
The ATO has raised concerns about some businesses claiming excessive debt deductions and shifting profits overseas in the property and construction space.
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RBA delivers final interest rate decision for 2024
The Reserve Bank has announced its cash rate decision for December.
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ATO to launch dob-in tool for tax agents to report clients
The digital platform will support compliance with new TASA code obligations requiring practitioners to report clients who make false or misleading statements.
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ATO defends NFP reporting rules amid sector concerns
Around one in 10 have already lodged a self-review return ahead of the March deadline, according to an assistant commissioner.
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SME cash flow confidence for 2025 is on the rise, Zoho reveals
Australian small businesses are predicting an increase in their cash flow over the next three to 12 months despite persistent economic pressures.
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Aussie SMEs in critical need of debt support, data reveals
Australian small businesses need help with managing and understanding their business debt, according to research from AVA Advisory.
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Social media scams dominate losses in 2024, ACCC finds
Scammers exploiting online platforms fleeced Australians out of $58 million, topping all other fraud categories.
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ATO issues new ‘good governance’ checklist for NFPs
The Tax Office has reminded not-for-profit organisations to vigilantly check tax and super obligations are being met effectively to uphold good governance.
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$10m tax scandal lands 6 fraudsters with combined 43-year sentence
Six men have been slammed with a combined prison sentence spanning over four decades for their involvement in a $10 million tax fraud and money laundering operation.
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