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

  1. ATO’s growing data access ‘alarming’, says TaxTank CEO

    trust. Taxpayers should know what data is collected, how it’s used and why.” The errors occurring in the ATO's systems last year which impacted 603 taxpayers highlights the dangers of unchecked data access and automation with proper safeguards,...

  2. Unemployment rate rises to 4.1%

    per cent lower than just prior to the COVID-19 pandemic. “The unemployment rate was 0.5 percentage points higher than June last year, and 1.1 percentage points lower than March 2020.” This all said, employment grew by 42,000 people (0.3 per cent) in...

  3. ‘Bleisure’ travel claims in ATO sights, experts warn

    deductions and a failure to include all income sources in lodgments. It said over 8 million people made a work-related claim last year and urged taxpayers to follow “three golden rules”, including only claiming expenses if they spent money themselves...

  4. Ute tax loophole costs government $250m

    The research paper stated the number of utes on the road compared to passenger vehicles has grown significantly in the last 20 years. The Australia Institute outlined the tax exemption on utes provides people with more of an incentive to buy them,...

  5. ‘Many’ practitioners already compliant with new code rules: TPB

    practitioners will already be complying with the new requirements”. In a web page containing 13 frequently asked questions last week, the TPB has offered practitioners several tips for compliance and laid out its consultation timeline with less than two...

  6. ‘Running out of time’: industry sounds alarm over payday super rush

    developers and superannuation gateways, said the government had left the industry in the dark since announcing the change last year. “The software industry needs clarity now,” DSPANZ president Matthew Prouse told Accountants Daily. “We don't have...

  7. Accountant denied TPB registration over supervision concerns

    require them to show evidence of at least one year of full-time relevant experience (or part-time equivalent) in the last five years under the “supervision and control” of a registered tax agent. Dou had worked as an accountant at Twin Cities Tax &...

  8. CA ANZ urges members to lobby MPs against new agent rules

    caused an uproar in the tax community, with CA ANZ, alongside nine other professional bodies, penning an open letter Jones last week demanding the instrument’s withdrawal. The grassroots letter campaign marks a shift in the accounting body's advocacy...

  9. Accounting ties strengthened in Sri Lanka: CPA Australia

    The professional body participated in a special ceremony to acknowledge the achievements of long-standing members over the last 10 to 20 years. The ceremony also celebrated several prominent Sri Lankan companies partnered with CPA Australia. CPA...

  10. SMEs not ‘confident’ in financial health, survey reveals

    index highlighted the average value of invoices held by businesses has fallen to a record low, down 49.9 per cent since last year. This significant drop can be attributed to, “decreased order values as businesses are forced to reduce inventory due to...

  11. Stephen Jones retains role in recent Ministry shake up

    code of conduct. The determination is the first use of new ministerial powers provided under legislation that was enacted last year in Treasury Laws Amendment (2023 Measures No. 1) Bill 2023. The legislation enables a Minister to supplement the existing...

  12. ATO gives taxpayers green light to lodge returns

    from previous years as rules around claims could change. “Make sure you don’t just ‘copy and paste’ your deductions from last year, because you might be missing out on everything you’re entitled to. Check out the guidance on our website about what you...

  13. Tax industry claims partial victory against government’s code changes

    do to stop obligations around client disclosures and confidentiality from materialising. Assistant Treasurer Stephen Jones’ last-minute announcement on the eve of the 1 August start date comes after weeks of warnings and intense lobbying from the...

  14. ETF investors warned against rushing tax returns

    have yet received all the relevant information required for their return, the Institute of Public Accountants has warned. Last week the ATO stated that taxpayers with simple financial affairs could now lodge their tax returns with the Tax Office having...

  15. PwC CEO’s secret $1.2m payment sparks fresh ethics concerns

    transparent” with Parliament. Chief risk and ethics officer Jan McCahey, who only found out about the payment last month while preparing for the committee hearing, said the work Burrowes was doing for PwC International and Australia was “very aligned”....

  16. Accountants urged to hike fees as new rules squeeze industry

    start on 1 August. After intense industry backlash over the obligations and short implementation time frame, Jones announced last week that small firms with fewer than 100 employees would be given until 1 July next year to comply. The start date for...

  17. ATO issues reminder on record-keeping requirements for taxpayers

    expenses are the largest category of deductions the ATO sees for individuals each year, with more than 8 million claims last year,” he said. “Keeping good records can reduce the cost of managing your tax affairs and ensures you can claim all expenses...

  18. TPB treads fine line with new tax agent rules

    and guidance to resolve unsettled issues with the determination made by Assistant Treasurer Stephen Jones at the start of last month. Small accounting and bookkeeping businesses have feared the additional workloads created by record keeping, quality...

  19. Breaking down the latest in accounting technology

    called NetCash, which helps NetSuite users with easier bank feeds to speed up the bank reconciliation process. That’s the last of our app news. Moving into the GL world… Intuit have introduced QuickBooks Ledger: low cost solution for simple clients....

  20. Government to overhaul ‘poorly executed’ data sharing rules

    CDR data standards, based on the very low level of usage that they observe among their customer base,” the review, released last week, said. Jones flagged plans to get the roll-out back on track and to expand CDR to non-bank lenders in 2025. He said the...