Regulation

Regulation

Tax debt ‘unacceptably high’ among small private groups: ATO

Succession planning activity among ageing taxpayers who control the groups is causing late lodgments and tax risks.

16 January 2025 • By Christine Chen

more from regulation

Regulation

Breach reporting changes ‘coming home to roost’, says IPA

The professional body is seeing a rising influx of inquiries and practical issues emerging from the significant breach...

08 January 2025 • By Miranda Brownlee

Regulation

Breach reporting guidance raises concerns with software errors

A case study in the TPB’s guidance on breach reporting highlights the importance of self-reporting breaches that arise...

07 January 2025 • By Miranda Brownlee

Regulation

Government to relax ATO, TPB rules on sharing taxpayer information

A proposed overhaul of tax secrecy laws aims to improve regulatory oversight and prevent fraud following the PwC...

03 January 2025 • By Christine Chen

Regulation

Government calls for cash mandate to be on the horizon for 2026

The government has released a consultation paper to gather insights and feedback on a cash acceptance mandate that...

02 January 2025 • By Imogen Wilson

Regulation

A year of major reforms and new obligations

2024 was another big year for regulation with accountants forced to contend with a multitude of new obligations and...

29 December 2024 • By Miranda Brownlee

Regulation

Fake cleaners, horse breeders, project managers: tax scammers in 2024

The ATO had its hands full this past year tracking down the thousands of fraudsters who invented fake businesses to...

27 December 2024 • By Christine Chen

Regulation

TPB finalises TASA determination guidance

The long-awaited guidance addresses industry concerns over the changes before the regime starts in January.

24 December 2024 • By Christine Chen