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  1. Lodgement extensions critical as 3 out of 4 agents fall behind

    Close to three out of four tax agents are now behind on lodgements compared to this time last year, as calls for further extensions continue to ring out. A Tax & Super Australia (TSA) survey of 530 accounting professionals has found that a blowout in...

  2. Xero’s Australian market surpasses 1m subscribers as profits jump

    Xero’s global subscriber base has grown by 19 per cent compared with this time last year as its Australian market surpasses the 1 million subscriber mark. The accounting software provider’s half-year results to 30 September have seen it post operating...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Technology

  3. JobMaker registrations now open: ATO

    now opened registrations for the JobMaker Hiring Credit scheme following the release of rules by Treasurer Josh Frydenberg last week. Administered by the Tax Office, the scheme will run for 12 months from 7 October, with registrations through ATO online...

  4. Toyota returns $18m in JobKeeper payments

    it has approached the ATO to return more than $18 million in JobKeeper payments after a spike in sales towards the end of last year. Toyota Australia president and CEO Matthew Callachor said the move was the “right thing to do as a responsible corporate...

  5. Insolvencies spike by 61% in February

    External administrations surged by 61 per cent over the last month, sparking fears that more companies will collapse once JobKeeper expires at the end of the month. The latest data from CreditorWatch has revealed a jump from 254 external...

  6. Practitioners urged to get across NZ property tax changes

    Australian practitioners should be across new property tax changes introduced in New Zealand last week to rein in surging property prices for first home buyers, says one peak body. In an effort to “back” first home buyers and incentivise new builds,...

  7. Deloitte appoints 70 new partners

    The big four firm has admitted 70 new partners as part of a move to reposition itself after cutting 700 jobs last year. Deloitte Australia on Wednesday announced that it would admit 70 partners across all business units nationwide. Each will assume...

  8. Victoria announces $250m targeted business support package

    will offer welcomed reprieve to some businesses facing extreme uncertainty after the state entered its fourth lockdown last week, others think the package is light on detail, and is unlikely to cover the losses suffered. Victorian acting premier James...

  9. JobKeeper’s expiry has cost 56,000 jobs to date: Treasury

    New Single Touch payroll data reveals 56,000 workers formerly on JobKeeper have lost their jobs, up from 40,000 over the last two weeks. Treasury secretary Steven Kennedy told Senate estimates on Tuesday morning that 56,000 workers whose jobs were...

  10. Australians lose record $851m to scammers in 2020

    Over $851 million was lost to scams last year — the biggest losses ever recorded in a single year — as scammers capitalised on the pandemic to defraud Australians. Investment scams accounted for the biggest losses, at $328 million, followed by romance...

  11. Deloitte sees revenue shrink to $2.3bn

    Deloitte’s annual revenue fell by 7 per cent to $2.31 billion over the last 12 months as it dealt with weak trading conditions brought on by the COVID-19 pandemic. The fall in revenue for the 12 months to 31 May was reflected across Deloitte’s three...

  12. Moore bolsters leadership with anniversary appointments

    appointed four new partners and three associate directors as it turns the corner on its first year after rebranding in July last year. Moore Australia on Wednesday announced the appointment of Vanessa Wu, Colin Prasad, Simon DePaoli and Lucie McKenna to...

  13. Celebrating Australia’s Hidden Heroes

    Did you know that advisors have helped small businesses derive over $45.3 billion dollars in value over the last 12 months? Learn more about small business perceptions of advisors in the Intuit QuickBooks Advocating for Advisors whitepaper. Tax time is...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Business

  14. New partner intake takes yearly total to record high: BDO

    The mid-tier firm welcomed 10 new partners to its leadership last week, in addition to the 15 appointed to the partnership in February, bringing its financial year partner intake to 25 — the largest in the history of the firm. BDO Australia on Friday...

  15. Small businesses winded by lockdown restrictions

    Australia’s road to economic recovery hit a major bump in July, as small businesses recorded their worst performance since last December in the face of ongoing lockdown restrictions affecting more than half of the Australian population. Xero on Thursday...

  16. Australians have lost $63m to phone scams in 2021

    reported a record $211 million in losses to scams so far this year, an 89 per cent increase compared to the same period last year. The losses, reported between 1 January and 19 September, have already surpassed the $175.6 million reported to Scamwatch...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  17. The Pain of Crypto Tax

    CryptoTaxCalculator we provide crypto tax software to enable accountants and individuals to manage their crypto tax. In the last year we have seen a 60-fold increase in traffic to our website. Crypto tax has gone from a niche service amongst...

    • Type: Article
    • Author: Shane Brunette, CEO of CryptoTaxCalculator
    • Category: Tax

  18. ATO issues tax time deadline reminder

    The Australian Taxation Office has issued a notice reminding taxpayers that it’s the last week for them to either lodge a return or register with a tax agent. The deadline for lodging tax returns for the 2020-21 financial year is Sunday, 31 October...

  19. ‘The most challenging 2 years to date’: PwC Australia reflects and outlines goals ahead

    its 2021 Audit Transparency Report, which speaks to the challenges the big four accounting firm has had to overcome in the last two years, and how it’s positioning itself going forward as a result. PwC Australia’s 2021 Audit Transparency Report has been...

  20. CPA Australia flags concern on CSLR ‘shortcomings’

    The professional accounting body has outlined its concerns on the proposed compensation scheme of last resort (CSLR). In a submission addressed to the chair of the Senate standing committee on economics, Senator Anthony Chisholm, Dr Gary Pflugrath,...

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