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

  1. Accountants must prepare for anti-money laundering reforms now, warn experts

    an effective compliant framework tailored to their practice,” they said. “It will be critical not to leave it until the last minute. If they provide a designated service before enrolling, there’s only 28 days to enrol and comply with a range of...

  2. SMSFA says it is time for government to take Div 296 ‘off the table’

    with industry on a solution to the problem the government is trying to solve. This is all that we’ve been saying over the last few years.” Burgess said the SMSFA has been a “thorn in the side of the government” since the tax proposal was released and he...

  3. Commissioner flags 'heightened risk behaviours' with SMSFs as sector grows

    commissioner Emma Rosenzweig echoed these concerns, having noted that the ATO had scaled its compliance action over the last few years to address the heightened risk. Rosenzweig warned there could be significant financial impacts for members as...

  4. Gen X, Millennials driving SMSF growth

    a problem, and there are still too many instances of inappropriate SMSF advice as evidenced by the Compensation Scheme of Last Resort (CSLR) claims. “These are issues that can’t be resolved by the SMSF sector working alone. We’re now a significant and...

  5. Political interest in overhauling tax residency laws has ‘disappeared’, says specialist

    paper with a proposal for modernising individual tax residency. Despite the consultation paper, Messner said neither of the last two governments have viewed addressing the tax residency rules for individuals as a priority. “It doesn’t feel like there’s...

  6. Inspector-General of Taxation welcomes grant of additional powers

    of Taxation and Tax Ombudsman has been granted new powers as part of the government’s response to the Robodebt scheme. Last Wednesday, the government granted the Inspector-General of Taxation and Tax Ombudsman (IGTO) new powers in response to the Royal...

  7. RBA announces first interest rate decision for the year

    noted that underlying inflation has been falling faster than the RBA expected and has been running around target over the last six months. “Economic activity is [also] a bit weaker than expected and Trump’s trade war poses more risks to Australian...

  8. Anti-money laundering rules ‘inflexible’ for sole practitioners, small firms

    Following the passage of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) amendment bill in November last year, AUSTRAC is updating the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1). In December...

  9. SMSF sector cautiously optimistic Div 296 battle has been won

    to MPs and senators about why this tax is unfair, unprecedented, and unnecessary.” Panagis said that with Parliament's last sitting day before the 25 March budget now concluded, time is running out for the government to pass the bill before the next...

  10. CA ANZ welcomes delay in super tax bill

    The professional body has voiced its support for the delay of the super tax bill which was set to be debated last Thursday. CA ANZ has welcomed the Senate’s delay of the Treasury Laws Amendment (Better Targeted Superannuation Concession) Bill 2023...

  11. Government to protect Aussies with ‘ironclad’ scam laws

    has passed “the world’s toughest” anti-scam laws to prevent Australians from being an easy target for scammers. On Thursday last week, Financial Services Minister Stephen Jones revealed the government had legislated anti-scam laws to reinforce the cyber...

  12. Wexted opens Melbourne office, appoints new partner

    office. Wexted has announced the opening of a new office in Melbourne, following the launch of its Brisbane office just last month. Chris Sequeira has been appointed as partner and will lead the Wexted’s presence in the Victorian market. Sequeira has...

  13. Personal insolvencies ease slightly in December

    AFSA statistics. The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority. This was a substantial drop...

  14. The power of leveraging AI as a young accountant

    an easy-to-use platform to bridge that gap. Today, this isn’t just about doing good; it’s becoming a legal requirement. The last few years have brought rapid legislative change, and we’re here to help businesses prepare. Accountants, as trusted...

  15. Crossbenchers push for $50k instant asset write-off threshold

    instant asset write-off measure, after removing the measure from the Responsible Buy Now Pay Later and Other Measures bill last year. The additional schedule implements a $20,000 threshold for the instant asset write-off off for the 2024-25 income year...

  16. Vincents appoints 8 additional equity directors

    according to Vincents. Vincents executive chair Jonathan Dooley said he was pleased to share the announcement internally last month following the firm’s performance in 2024, with revenue growth of 12.7 per cent in FY2023–24. “As Vincents enters its next...

  17. Concerns raised with ATO’s approach to section 109U

    a private company guarantee is provided in respect of a back-to-back loan arrangement (originating from a bank) with the last leg being a Division 7A complying loan to a shareholder/associate."

  18. Instant asset write-off crucial for SMEs, says ACCI

    write-off budget measure in this fortnight's sitting. The business network noted the measure was originally announced in last year’s budget for the 2024–25 financial year before it was withdrawn from the Senate without warning. ACCI CEO Andrew McKellar...

  19. Coalition slams GIC deduction changes as ‘brazen cash grab’

    opportunity.” The bill to implement the measures was referred to the Senate Economics Legislation Committee in late November last year, with the committee handing down its report last week. The Senate committee said the changes to GIC and SIC deductions...

  20. $3m super tax bill taken off debate schedule again

    safeguards to ensure both small businesses and consumers can benefit from lower costs,” Prime Minister Anthony Albanese said last year. “We are prepared to ban debit card surcharging from 1 January 2026, subject to the consultation undertaken by the...