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November SME pulse records slight downtick: ASBFEO
The Australian business environment has remained well below the long-term average, according to the November Small Business Pulse.
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Clarity needed on section 15 and unpaid SG, says NTAA
Clearer guidance is needed on how section 15 of the new code changes will apply where clients have not met their SG obligations, according to the National Tax & Accou...
Government races to end illegal ATO surcharges
Urgent legislation introduced this week will aim to validate billions in historical fees charged by federal agencies and end the practice from 2025.
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NSW payroll tax changes safeguard essential GP veteran care
The NSW government has been applauded for amending payroll tax rules to ensure veterans have ongoing access to essential general practice care.
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CPA Australia unveils new ESG micro-credentials
The professional body has launched the first of three new sustainability micro-credentials to support members through environmental, social and governance reporting requi...
Teal MP details top tax reform priorities in green paper
Allegra Spender has released her review of Australia’s tax system, calling for sweeping changes to address inequality and boost productivity.
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Section 10 could ‘stifle public comment on tax system’, warns tax expert
Practitioners have raised concerns that Section 10 of the code changes could be used to restrict free speech on the tax system and ATO.
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Winners revealed for Rising Stars Awards 2024
A total of 17 winners have been announced for the inaugural Rising Stars Awards 2024, hosted jointly by Accountants Daily and Accounting Times.
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Tax administration at ‘critical time’ as ATO intensifies debt collection: IGTO
The Inspector-General of Taxation and Taxation Ombudsman expects the number of complaints relating to debts and tax will increase further amid rising financial pressures....
Victorian equestrian jailed for $700k in fake GST, JobKeeper claims
A 44-year-old has been sentenced to three years and six months in prison after defrauding the ATO during the pandemic to fund her horses and businesses.
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WCT Advisory poaches Bentleys team as insolvency work booms
The insolvency firm has scaled up its headcount threefold to cope with an increasing number of appointments.
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ATO primes funds, businesses for payday super rollout
Governance and error handling processes will need to be overhauled to ensure super is paid at the same time as salary and wages, a deputy commissioner has said.
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Government makes move to bolster retirement phase of super
The government announced it has committed to improving the retirement phase of the super system for all Australians with newly introduced reforms.
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SMEs in constant fear of red tape, survey reveals
The rising pressure of new regulation is fast emerging as the top concern for NSW small businesses, according to the NSW Small Business Commission.
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Practitioners cautioned on ATO’s top target areas for GST
A tax specialist has outlined three of the major GST areas on the ATO’s radar based on recent discussions.
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Business lender reports spike in credit demand from SMEs
Demand for credit among Australian small businesses has surged, with 94 per cent seeking new capital.
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AuditCover and NTAA announce strategic distribution agreement
AuditCover has revealed a new partnership with the National Tax and Accountants’ Association to give members streamlined access to tax audit insurance solutions.
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Julie Collins rejects liquidity concerns relating to super changes, family farms
The Minister says super funds should already have sufficient liquidity to meet existing or prospective liabilities in response to issues raised regarding family farms.
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Tax Office issues 8,710 DPNs over unpaid super in 2023–24
The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in super guarantee charge liabilities.
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ATO issues reminder to tax agents as government phases out cheques
The Tax Office has told practitioners to ensure client bank details are included in every lodgment to help with the digital payments transition.
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