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  1. ATO plans publicity campaign for final WFH guidance

    processes and have supported the development of the guidance materials.” The initial response from the tax industry last November was damning, with the director of tax communications at H&R Block Mark Chapman one of the sternest critics. He said the PCG...

  2. Why concerns linger over s100A final ruling

    This harks back to a different era and has no place in the current tax landscape. Even the anti-avoidance rules of last resort, Part IVA, have a four-year amendment period. S100A should have parity with Part IVA and be similarly limited. Another concern...

  3. Expansion strategy fuels 42% rise in Kelly Group revenue

    cent to $11.8 million despite a fall in its operating margin to 30 per cent from 33.5 per cent compared with the same period last year, and the group will pay a dividend of 2.4c per share, up 10 per cent. Group founder and CEO Brett Kelly said the...

  4. CA ANZ members to vote on revised conduct regime

    also examined around 25 submissions from members and other stakeholders during an initial consultation. It was launched last August following widespread criticism of disciplinary measures imposed on just eight unnamed members after hundreds were...

  5. ‘Erratic’ valuation increases trigger huge leaps in NSW land tax

    Mazars indirect tax specialist Stephen Baxter said the land tax general and premium thresholds rose by 18 per cent last year but the NSW Valuer General was increasing valuations by as much as 100 per cent. “The NSW Valuer General’s Mass Valuation System...

  6. Aussie start-ups secure record level of funding: KPMG

    Despite a global lull in venture capital, local businesses attracted a landmark $5.84 billion in investment last year. Australian start-ups secured record venture capital funding of $5.84 billion in 2022, up 2 per cent on the previous year, despite a...

  7. Small business given fail mark for websites, social media

    Small Business Digital Taskforce. The Navii Digital Health Check survey, which quizzed 602 SMEs between August and December last year, gave small business a failure mark of just 32 per cent for its website, SEO and social media practices. Only slightly...

  8. Budget must ‘fund renewables safety net to prevent rust belt’

    are now at a point where they need detailed financial advice,” said Mr Grant. “Many small business owners have spent the last few years in survival mode and haven’t had the opportunity or funds to engage a financial expert to ensure their business...

  9. ASIC deregisters 374 SMSF auditors

    UPDATED: The regulator cancels hundreds for failing to lodge annual statements after warnings last year. ASIC has deregistered 374 SMSF auditors after they failed to lodge annual statements with cancellation notices sent out last week. The move came...

  10. Medical centres ‘sleepwalking to payroll tax precipice’

    liability. However, the landmark case of Thomas and Naaz Pty Ltd v Chief Commissioner of State Revenue [2022] NSWCATAP 220 last year had cast a shadow over such arrangements in NSW, he said, and now Victoria and Queensland were adopting the revised...

  11. TBC increase to add further complexity, advisers warned

    With the general transfer balance cap set to increase to $1.9 million from 1 July, the SMSF Association has highlighted some of the potential strategies and pitfalls with the increase. Following the release of the December quarter CPI figure this week,...

  12. RBA rise ‘more likely’ after 7.8 per cent CPI result

    in the cost of new homes was welcomed by Master Builders Australia, which said it was welcome relief from record increases last year due the spiralling prices of labour and materials. New home prices rose 1.7 per cent during the December quarter against...

  13. Why CFOs must be five-star generals in cyber-security arms race

    Let’s look at a practical example. Business email compromise (BEC) attacks are common, costing Australians over $98 million last financial year. This tactic sees scammers gaining access to an executive’s email account and using it to send instructions...

  14. Fuel, travel and housing drive inflation to 30-year high

    for services (+5.5 per cent) was also the highest since 2008 although goods (+9.5 per cent) showed little change from last quarter. The quarterly rise of 1.9 per cent notched up another milestone. “This is the fourth consecutive quarter to show a rise...

  15. Pay secrecy law reform a ‘positive first step’, says KeyPay co-founder

    or not to share information regarding their pay and employment terms with colleagues is a “positive first step” but not the last word, according to KeyPay. Co-founder of the cloud-based workforce management and payroll platform Phil Bernie said the...

  16. Former PwC partner banned for sharing secret Treasury docs

    obligations. His tax agent registration was subsequently terminated, and Mr Collins is understood to have left the firm last year. The TPB investigation also determined that PwC had failed to properly manage conflicts of interest after the confidential...

  17. Beware promoters of early super access schemes, ATO warns

    you retire unless you meet one of the conditions that makes it legal to access your super and receive relevant approval.” Last year, ATO assistant commissioner SMSF risk and strategy Justin Micale said an increasing number of trustees were taking...

  18. Tax Institute appoints Marg Marshall 2023 president

    Tax Institute has appointed experienced tax adviser Marg Marshall as president in 2023 following a term as vice-president last year. It said Ms Marshall, a partner at WLF Accounting & Advisory in Hobart, was a key figure in the profession with over 25...

  19. Grant Thornton polices Women’s World Car of the Year vote

    cars in contention this year are the Alfa Romeo Tonale, Mercedes-Benz EQE and several Chinese models including the MG RX8. Last year’s supreme winner was the Peugeot 308, available in Australia from $43,990. Previous winners include the Land Rover...

  20. One more rate rise could tip us into recession, says Deloitte

    income per capita – a key measure of prosperity – is falling, and will finish the current financial year at levels last seen before the onset of the pandemic. There is no doubt that Australian households are starting to hurt.” He said last year’s...

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