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  1. Mid-year WFH changes ‘will catch out many taxpayers’

    HLB Mann Judd specialist. Sydney tax consulting director Bill Nussbaum said almost 5 million people claimed a WFH deduction last year and while it was too soon for this year’s numbers, many taxpayers would be unaware that the 80c-an-hour short-cut...

  2. ATO reaps record $6.4bn from large corporates

    of tax, and has helped to collect, on average, an additional $2 billion each year from public and multinational businesses. Last financial year’s result is three times more than this.” Around $4.4 billion of last year’s result was due to the ATO’s...

  3. Outdated views of finance deterring women: WGEA

    succession planning, training and development, and resignations. “The levers that we need to pull haven’t altered over the last 15 years. We know what we need to do. It’s about how we’re going to do it,” Dr McCurdy concluded. To hear more from Dr Samone...

  4. CA ANZ should ‘stick to your own lane’ on the Voice

    to your own lane” an indicative comment on yesterday’s report, “You’re the voice and CA ANZ understands it”. In the wake of last weekend’s referendum on the proposal, which was voted down by 61 per cent of Australians, the accounting body reaffirmed its...

  5. Small business ‘dying from a thousand cuts to consumer spending’

    whole economy struggles – they really are the lifeblood of the economy.” Her own experience suggested consumers were making last-minute decisions to cut back. “A local restaurant that is a MYOB customer posted on their Facebook on Saturday night saying...

  6. You’re the voice and CA ANZ understands it

    issue is just the “tension that exists in any membership organisation”. The accounting body, which signed the Uluru document last year and declared support for the Voice ahead of the vote, acknowledged the referendum result yesterday but said it was...

  7. Carbon acquires fourth Victoria office with bookkeeping takeover

    is the group’s seventh acquisition this year. Carbon Group demonstrated its insatiable appetite for acquisition again last week with the takeover of Victorian outfit Rad Bookkeeping & Business Solutions. The seven-person team, led by founder Debbie...

  8. KPMG UK hit with record £30m for audit failures

    audit concepts such as to act with professional scepticism and to obtain sufficient appropriate audit evidence,” she said. Last year, KPMG was fined £14.4 million for misleading the FRC during spot-checks of its audits on two other companies and it will...

  9. ATO to launch upgraded website next month

    upgrade was flagged most recently by Commissioner Chris Jordan’s valedictory speech to the Tax Institute forum in Melbourne last month, in a move he said would reduce the need for phone interactions. “As tax professionals, your manual effort is better...

  10. Glimmer of hope in consumer mood, business cautiously confident

    expected mortgage interest rates to rise over the next year against only 5 per cent expecting a cut, down from 15 per cent last month. Westpac senior economist Matthew Hassan said household spending would be weak in the near term. “Today’s release again...

  11. PwC reforms a disproportionate response: CA ANZ

    and administrative changes progressively over a two-year period. Treasury published the first batch of proposed changes last month in draft legislation on tax promoter penalties, tax secrecy laws, whistleblower laws and the Tax Practitioners Board....

  12. ​​​​Small business struggles, but financial system resilient: RBA

    profit margins have begun to decline a little in the accommodation and food industry.” The RBA left the cash rate unchanged last week at 4.1 per cent for the fourth consecutive month. However, since most small businesses used variable-rate loans, they...

  13. Victoria land tax ‘onslaught’ could spark investor exodus

    he said. The expanded scheme, forecast to raise an extra $37 million a year, comes as the Victorian government set a target last month to build 800,000 homes over the next 10 years as part of its landmark housing statement. Data from the Housing...

  14. PwC partners failed to self-disclose, CA ANZ admits

    tax secrets scandal unfolded this year, the professional body admitted at the parliamentary inquiry into financial services last week, even though this is required under the body’s rules. Senator Deborah O’Neill (pictured) said the CA ANZ bylaws created...

  15. ATO loosens constraints on client linking process

    This is available to be sent to their agent to notify them.” The ATO said in other respects the process was unchanged from last year, when pilot trials began with large businesses and wealthy private groups. However, neither change addresses a key...

  16. CEOs confident despite economic headwinds, survey finds

    KPMG Australia CEO Andrew Yates said: “It is encouraging to see business leaders both here and overseas more confident than last year when we were still emerging fully from the pandemic. There is clearly some concern about inflation and interest rates...

  17. Monash Uni loses appeal to rewrite staff agreements, dodge $9m bill

    saw a “pattern of repeated and often entrenched non-compliance by universities, particularly in relation to casual staff”. Last year, the FWO accepted court-enforceable undertakings with University of Newcastle and Charles Sturt University for $6.2...

  18. Torrent of disapproval greets CA ANZ finances

    remuneration for key executives rose with chief executive Ainslie van Onselen the top earner on $940,000, up from $877,500 last year. Other winners included marketing chief Simon Hann, whose pay rose 9 per cent to $540,360, and member engagement group...

  19. ‘Covid changed merger dynamics, tech has become a wildcard’

    of a succession outcome – there's always people trying to cash in from an economic point of view,” he said. “But over the last couple of years, the M&A activities have been around sole practitioners not wanting to be alone any more. What I see now is...

  20. ATO steps up data-matching to snare late super payments

    as we can ensure employers are paying their employee’s SG contributions in full, on time and to the right fund,” it said last week. Mr Wynen said that one potential benefit of the expanded data matching program was minimising the super guarantee charge...

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