Tax

SME owners urged to consider benefits of tax-efficient exits

A small business can achieve a smooth tax-efficient exit if it reduces tax liabilities with proactive planning and...

17 January 2025 • By Imogen Wilson

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Regulation

ART upholds TPB decision to ban tax agent

A former tax agent has lost an appeal to overturn a four year ban relating to unsubstantiated deductions and unpaid...

16 January 2025 • By Imogen Wilson

Business

COSBOA lobbies for ASBFEO funding boost

The small business advocacy group has called for funding to be restored for the ASBFEO due to its increasing workload.

17 January 2025 • By Emma Partis

Tax

Tax due diligence crucial for M&A deals, Grant Thornton warns

The firm has cautioned businesses delving into merger and acquisition transactions to conduct due diligence on...

16 January 2025 • By Imogen Wilson

Business

‘Significant variation’ in ATO’s approach to financial abuse matters

Tax professionals say while some interactions with the ATO regarding financial abuse matters have led to positive...

17 January 2025 • By Miranda Brownlee

Business

AccountsIQ acquires ExpenseIn to expand capabilities

Accounting software provider AccountsIQ has acquired expense management software company ExpenseIn.

15 January 2025 • By Emma Partis

Appointments

BDO appoints new national migration services leader

The firm has continued its New Year appointment streak with new migration services leader, Rebecca Thomson.

15 January 2025 • By Imogen Wilson

Tax

‘The company’s money is not your money’: ATO on Div 7A myths

Mistaken beliefs around business structures, record keeping and the Commissioner’s discretion are “common” among...

15 January 2025 • By Christine Chen

Business

Defaults on tax debts a major driver for business insolvencies, data reveals

Thousands of Australian private businesses have become insolvent over the past 12 months after failing to fulfil ATO...

15 January 2025 • By Imogen Wilson

Business

Accountants advised on fraud detection tips for the new year

Accounting firms looking to expand into new services this year should consider potential fraud risks and how to...

13 January 2025 • By Miranda Brownlee

Business

Vulnerable groups a key advocacy focus for Tax Institute this year

Exploring changes that can better support vulnerable groups in the tax system will be an important part of The Tax...

14 January 2025 • By Miranda Brownlee

Business

Payroll set for major transformation this year, says Deel

As new wage laws come into place, Deel's Shannon Karaka believes payroll has never been more important for businesses.

14 January 2025 • By Kace O'Neill

Business

Demand for succession planning advice tipped to soar

A growing number of business owners need help with succession, family trust and Division 7A issues, according to an...

14 January 2025 • By Christine Chen

Business

Government bolsters scam education to deter fraudsters

The government has announced the rollout of another scam campaign aimed at decreasing scam losses and establishing...

14 January 2025 • By Imogen Wilson

Appointments

BDO poaches more big 4 talent, breaks 300-partner mark

The hires show the firm is continuing to attract top talent from the industry, chief executive partner Tony Schiffmann...

13 January 2025 • By Christine Chen

Business

‘Ridiculous’ workloads tipping practices over the edge, expert warns

Working overtime has become the norm for many accountants with bloated client bases, according to consultant Amanda...

13 January 2025 • By Christine Chen

Business

‘Grim business future’ to be overcome by mums and pensioners: Business NSW

A shortage of critical skills and workers could be aided by mothers and seniors looking to re-enter the workforce, a...

13 January 2025 • By Imogen Wilson

Business

SMEs dealing with ‘conflicting messages’ on cash payments, says IPA

The IPA has said that the government’s cash mandate may result in additional costs for businesses that previously...

10 January 2025 • By Miranda Brownlee