Assuming last is required, the following 4011 results were found.

  1. Lower Div 296 threshold to $2m, increase Div 293 to 35%: Grattan report

    rates. And it would ensure that the bulk of retirees’ incomes, irrespective of their super balances, would be guaranteed to last the rest of their lives.” The second key reform is the establishment of a free service that “sums the parts” of the...

  2. Coalition remains ‘on the fence’ towards income tax cuts

    pressure on prices and further pressure on debt,” Taylor said. “Labor has broken every promise on tax it made before the last election, and hard-working Australians are paying the price. Labor abolished the tax cap in its first budget, the Coalition...

  3. Majority of NFPs yet to lodge self-review return as deadline looms

    with the deadline now less than two weeks away. In a recent update, ATO assistant commissioner Jennifer Moltisanti said last week more than 20,000 NFPs had already lodged their review return, with the ATO also responding to many inquiries about the...

  4. High taxes, regulation burden driving Aussie start-ups offshore, says tax specialist

    currently being taxed. "Australia has very high income tax rates. Given the changes that have occurred in the world over the last 100 years with capital becoming more productive than labour, it's probably not the best idea to tax labour heavily." "We...

  5. Negative gearing, CGT discounts supercharging housing crisis: ACOSS

    of this week that we have a broad and ambitious housing policy already and those changes aren’t part of it,” Chalmers said last year regarding housing tax reform, as reported by The Australian Financial Review. ACOSS argued that the government must...

  6. ATO issues FBT reminder as March deadline looms

    said. On 31 March, the FBT exemption for plug-in hybrid electric vehicles (PHEVs) will also end, meaning this might be the last year that employers could claim the exemption. However, an employer can continue to apply the exemption if the PHEV was used...

  7. AI strategy and quality thought leadership – why it’s crucial for modern accountants

    to the market and have a look at what's cutting edge?” Almost every time in the past, firms have decided to build. Over the last five years, I think there's been a lot of investment in big accounting firms and their own internal IT teams and they're...

  8. Tribunal affirms ATO’s view in tax residency case

    Act 1936. The Administrative Appeals Tribunal (AAT) previously handed down a decision on the same matter in February last year, ruling in favour of the Commissioner. However, the Federal Court ordered the decision be quashed and remitted the matter back...

  9. Salary battle proves tough for 70% of finance professionals: Robert Half

    that 70 per cent of finance workers said it was more challenging to negotiate a pay rise now than it was in the same period last year, with only 9 per cent of workers having reported it as less challenging and 21 per cent having noted there was no...

  10. Businesses ill-equiped to deal with rising threat of deepfake scams

    it is critical that organisations have appropriate controls and training to deal with these emerging threats. In February last year, it was reported that scammers were able to siphon $25 million from engineering firm Arup through an AI-manipulated...

  11. ATO reveals further details about monthly GST reporting push

    reporting,” he said. The ATO said this latest compliance action is part of its broader ‘Getting it right’ campaign launched last year. For this quarter, the Tax Office has also focused on the omission or incorrect reporting of income by contractors...

  12. ATO issues draft determination on dodgy circular financing schemes

    following the emergence of a tax avoidance scheme involving the early-stage investor tax offset. In a taxpayer alert issued last year, the ATO explained that the scheme promoted involves an investment opportunity in a start-up company. The scheme...

  13. Independent MPs push for indexation on tax brackets

    history and on track to exceed its highest point, notwithstanding the ‘cost of living’ (stage 3) tax cuts introduced last year to much fanfare,” it read. “With other major tax bases flat or in decline, Australia is becoming more reliant on income taxes...

  14. ATO releases decision impact statement on anti-avoidance decision

    Holding Pty Ltd v Commissioner of Taxation decision, which was handed down by the Federal Court of Australia in March last year. In its decision, the Federal Court determined that Part IVA did not apply to a scheme where the head of a tax consolidated...

  15. Accounting Conference and Expo returns for a second year in 2025

    Following a successful flagship forum last year, the ACE25 Accounting Conference and Exhibition is back for a second year in 2025. Hosted by Accountants Daily, the unrivalled conference provides a platform for the ATO and other accounting specialists...

    • Type: Article
    • Author: Arabella Walton
    • Category: Business
  16. ASIC pledges to continue online scam blitz

    accountable for their scam detection and response practices.” ASIC also outlined in its recent report that in the last six months of 2024, investigations had been increased by 31 per cent to 109 new investigations, commenced 15 new court actions and...

  17. ATO sets its sights on 22k taxpayers with high-value debts

    experiencing vulnerability, including financial abuse." The Tax Office previously issued a warning to tax agents in October last year, warning that business clients that repeatedly ignore payment reminders would be pursued with aggressive enforcement...

  18. ATO outlines focus areas for SMSF auditor compliance in 2025

    with independence requirements as part of their professional obligations. Following an increase in referrals to ASIC in the last financial year that included independence issues, the ATO will focus on auditors it considers high risk. This includes...

  19. Practitioners left in ‘uncertain position’ as TR 2010/3 unravels

    decision with the Commissioner yet to respond. The Full Court of the Federal Court dismissed the appeal by the Commissioner last week, determining that a loan, as defined in s 109D(3) for the purposes of Division 7A of the Income Tax Assessment Act...

  20. AI adoption key to unlocking long-term business profitability, survey reveals

    leaders around the world would rate AI as the most important technology over the next five years, up from 65 per cent last year, HLB Mann Judd Melbourne partner Kapil Kukreja said. “Business leaders increasingly see AI as an essential tool, not just for...