Assuming last is required, the following 4049 results were found.

  1. Tax compliance blows out to $50bn, distrust grows

    suggests it costs $50 billion a year to comply with as a result of needless complexity, and mounting distrust. Released last week, the Case for Change is a 287-page report that points to the most burdensome areas of Australia’s tax system, and how each...

  2. Accountants relied on heavily as NSW opens COVID-19 grant program

    from 26 July, with eligibility requirements expected to be published this week. Announced by Prime Minister Scott Morrison last week, the JobSaver initiative will provide businesses between $1,000 and $10,000 a week to help them retain employees....

  3. Law firm poaches tax partner from MinterEllison

    to add to its fast-growing tax controversy practice, which had acquired the services of former EY partner Sue Williamson last September. “Our tax disputes team is a highly specialised team of lawyers with unparalleled experience assisting clients manage...

  4. Accountants in despair over NSW business grant administration

    turnover test, reliving concerns over the cash versus accruals debate that surfaced at the height of the JobKeeper program last year. Service NSW states that the “Australian Taxation Office goods and services tax (GST) concept will be applied when...

  5. MYOB unveils GreatSoft in its product range

    practice management software to medium to large accounting firms. MYOB signalled its intent to acquire GreatSoft in October last year, sparking a review by the Australian Competition and Consumer Commission (ACCC) that revealed concerns over potential...

  6. PwC to fast-track pay rises, expand bonuses amid war for talent

    which is coming to a boil. The demand for accounting professionals has been felt by Canberra, with the federal government last month adding five accounting occupations to its Priority Migration Skilled Occupation List in a bid to attract overseas...

  7. Inheritance tax could address questions of financial inequality: The Tax Institute

    against younger Australians being able to get a fair financial start is redressed, says one tax expert. The Tax Institute last week published a 287-page report called the Case for Change, which identifies the elements of the Australian tax mix that are...

  8. NSW expands JobSaver as lockdown is extended

    state, all businesses in this state, can get the support they need to the other side stronger. “We have done this over the last 18 months and we will do it again. “Finally, my message to the people of New South Wales is, yes, it is difficult, the...

  9. 1 in 4 yet to switch to Online services as Business Portal retirement looms

    services for business, just three days before the ATO decommissions the Business Portal. The Tax Office is now making “one last push” to implore businesses to move to its new online service before it retires the Business Portal on 31 July after 17 years...

  10. NSW, Victoria boost business supports

    said it wasn’t the right solution for the problems the nation faces now. “JobKeeper was a great scheme, but you don’t play last year’s grand final this year,” he said. He said that because there hasn’t been a rise in the number of people receiving...

  11. 2021 COVID-19 support measures

    by their recent short lockdowns. There is a sense of déjà vu — the law and the systems for JobKeeper were designed in haste last year but, in the main, did their job to support struggling businesses and households. JobKeeper is a fine blueprint, and it...

    • Type: Article
    • Author: Robyn Jacobson, The Tax Institute
    • Category: Business
  12. Maptek founder accused of $38.5m tax fraud

    the founder of leading mining technology provider Maptek, faced the Adelaide Magistrates Court on Friday after being charged last week in relation to an alleged taxation fraud spanning 15 years and totalling more than $38.5 million. Dr Johnson faces two...

  13. COVID-19 payments to individuals, businesses to be tax-free under law change

    $750 a week, while those who lose between eight and 20 hours will receive $450. Up until the Prime Minister’s comments last Thursday, official guidance from the Treasury, the Tax Office and Services Australia all stated that COVID-19 disaster payments...

  14. SME business conditions reach record high pre-lockdown

    economic rebound have been shown to trickle down to smaller firms. NAB released the results of its Q2 SME business survey last week which show that the SME sector recorded a business conditions increase of 31 index points through the quarter, the...

  15. Victoria expands business support for 6th lockdown

    The support could have come sooner, too, Mr Hunter said. With Victoria entering its sixth lockdown on Thursday last week, Mr Hunter said the announcement of backdated support should have come immediately. “Businesses are not light bulbs; you can’t just...

  16. ASIC bans accountant over $73m failure

    in three failed companies that collectively owe creditors over $73 million. The ban from ASIC comes after Mr Brandi had last week pleaded guilty to fraudulently obtaining $135,248 in GST refunds by falsifying business activity statements lodged on...

  17. Tax return amendments on the cards for some COVID-19 Disaster Payment recipients

    Australia, until Prime Minister Scott Morrison made the change on the fly in late July. New legislation was then introduced last week and sailed through the Parliament, making the COVID-19 Disaster Payments more generous than the $90 billion JobKeeper...

  18. Victoria rolls out renewed business support

    is set to cost a total of $367 million, on top of the $1.16 billion footed by the state and federal governments over the last fortnight, as the state has grappled with ongoing lockdown restrictions. Victorian Treasurer Tim Pallas pledged the state’s...

  19. ATO locks horns with Senate over JobKeeper disclosure order

    any way by the proposed disclosure, only those that rorted the system,” Senator Patrick said. The House of Representatives last week batted away key transparency amendments to the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021,...

  20. Predicted ATO audit activity trends for 2021 & 2022

    offering Audit Shield in Australia. Now, our claims team have shifted their focus from the historical claim data from the last financial year, to predictions of what will happen in some audit activity areas over the next 12 months. Our claims team...

    • Type: Article
    • Author: Rod Spicer - Associate Director, Accountancy Insurance
    • Category: Regulation