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Integro Private Wealth boosts regional WA presence with partnership The private wealth firm has partnered with accounting firm AMD Chartered Accountants to expand its services across regional Western Australia. ...
Bowerman decision highlights flaws with ATO approach to losses The AAT decision demonstrates the reluctance of the ATO to allow tax deductions where profit-making activities lead to a loss, says a tax expert. ...
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RBA 'cautiously' holds, ends hawkish stance Economists predict rate cuts by the end of the year as the bank's latest monetary statement reveals a "shift" in tone. ...
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ATO admits to fast-tracking client linking over fraud concerns The Tax Office says it rejected three alternative proposals and proceeded with the current process without industry consensus because it had to “act quickly to strength...
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DPNs surge to over 18k as ATO ramps up activity The ATO is adopting a range of targeted strategies as it clamps down on the growth in collectable debt. ...
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‘Uniform approach’ critical for resolving interstate EPOA issues, says barrister Australian states must adopt a standard form for enduring powers of attorney to resolve the intestate issues plaguing accountants, lawyers and their clients, legal expert...
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Reserve Bank reveals latest cash rate decision The RBA has kept rates on hold again as its grapples with the combination of slowing growth, rising unemployment and falling inflation. ...
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HeirWealth partnership to streamline intergenerational wealth management The fintech company has partnered with Envestnet Yodle to provide a more efficient process for transferring intergenerational wealth. ...
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Government unveils details of Division 296 tax for defined benefit interests Treasury has released draft regulations outlining the calculation of the Division 296 tax for defined benefit interests. ...
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Super Clearing House change to impact small businesses, SMSFs A major update to the SBSCH means perfect alignment between employees’ super details and those recorded by the ATO will be critical, says the SMSF Association. ...
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Beware of ‘quirks’ in draft GST ruling, cautions tax expert The ATO has changed its position on certain timing aspects for claiming input credits in a recent draft ruling, says Accurium. ...
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Canberra to create $8m ‘one-stop-shop’ small business cyber service The government's program will build digital resilience and provide support in the immediate aftermath of an attack at no cost to victims. ...
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Aussie practices can learn from lucrative branding strategies in US Accounting firms in the US are rebranding as digital tech start-ups and reaping millions of dollars in funding, says businessDEPOT director Lielette Calleja. ...
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Pitcher Partners Sydney adds 2 new audit partners The firm says it is tailoring its efforts to cater to clients who are "seeking alternatives" to the big four firms. ...
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ATO’s client-agent linking a threat to system integrity: IGTO Tax ombudsman Karen Payne has criticised the byzantine design and implementation of the process, throwing her support behind calls for an overhaul. ...
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Grant Thornton makes job cuts to management consulting group Chief executive Greg Keith cited “ongoing challenges within the retail market” as contributing to the redundancies. ...
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ASIC acts against 15 auditors over in-house audit concerns The Corporate Regulator has taken action against 15 auditors following a review into audit firms conducting both accounting and auditing work for SMSF clients. ...
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BDO bolsters audit and advisory teams with new partners The mid-tier firm has appointed two new partners to expand both its audit and infrastructure advisory teams. ...
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PwC axes over 300 jobs in major restructure The firm will make 329 roles redundant and accelerate the retirement of up to 37 partners as it moves in a new strategic direction. ...
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Full Federal Court rejects ATO’s anti-avoidance ruling In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger the Part IVA anti-avoidance rules. ...
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