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  1. 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...

  2. SMC warns against handing low-income Aussies CSLR bill

    The Compensation Scheme of Last Resort levy for FY2027 has been estimated at a whopping $137.5 million, urging the Super Members Council to call for protection of low- and middle-income Australians. Following the reveal of the Compensation Scheme of...

  3. Wave of last-minute SMSF lodgements set for this week

    Figures from the Tax Office indicate that 60 per cent of SMSFs had lodged their returns last week, leaving the remaining 40 per cent to lodge in the week before deadline. These figure are an improvement on the 2017–18 financial year, where there was an...

    • Type: Article
    • Author: Reporter
    • Category: Super

  4. Small business Budget good news for accountants

    Last night’s federal Budget contained good news both for small businesses and their accountants. The Treasurer last night announced a $5.5 billion small business package, including a 1.5 per cent corporate tax cut and new accelerated depreciation...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  5. Impending GST changes good news for SMEs

    Two mid-tier partners have said that the changes to GST introduced to Parliament last week is a good first step in helping Australian SMEs compete with overseas entities. Changes to Goods and Services Tax (GST) collection online were introduced to the...

  6. Big 4 firm finds upskilling 'the new normal'

    New research from a big four firm has revealed that workers no longer expect their qualifications to last a lifetime and are prepared to continuously upskill themselves to remain employable. PwC’s latest global report, Workforce of the future: the...

  7. Class Benchmark Report: SMSFs continue to fuel ETF growth

    Promoted by Class Limited Class has released the SMSF Benchmark Report for the last quarter. Approximately one third of ETF investors are SMSFs and more than half of all ETF assets are held by SMSFs. Over the last 5 years, total assets invested by...

    • Type: Article
    • Author: Class Limited
    • Category: Super

  8. Former EY partner in tax exploitation case a ‘rogue operator’

    The firm says the former partner admitted receiving $700,000 and was sacked last year. A former EY partner subject to court action over promoter penalty allegations was sacked last year after admitting they had received more than $700,000 from a client...

  9. Deloitte tops last year’s intake with 68 new partners

    Big four firm Deloitte is adding 68 new partners to its ranks next financial year. Forty-one of the new partners are male, meaning men make up about 60 per cent of the new appointments for the 2018–19 financial year, and women 40 per cent. This...

  10. Last chance to enter the Women in Finance Awards

    Submissions are flooding in for the annual Women in Finance Awards, and entries close at the end of this week. Accountants Daily, together with AMP Bank, encourage female leaders in finance to get their submissions in ahead of this Friday’s deadline....

    • Type: Article
    • Author: Reporter
    • Category: Business

  11. Last chance to nominate your rising stars for the 30 Under 30 Awards

    Nominations for the inaugural Accountants Daily 30 Under 30 Awards close this week, with young accounting professionals reminded to get their entries in. Accountants Daily, together with principal partner MYOB, encourage young accounting professionals...

    • Type: Article
    • Author: Reporter
    • Category: Business

  12. From Politics to Payments: The Last Decade Has Changed the Role of Businesses Forever

    Promoted by Digital Next In the past decade, we have seen astronomical improvements and advancements in the field of technology. This, in turn, has changed the way in which businesses are run, as small and large businesses alike have streamlined their...

    • Type: Article
    • Author: Digital Next
    • Category: Business

  13. RBA announces last rate decision for the year 

    The Reserve Bank has revealed its cash rate decision for December with inflation still yet to peak according to economists. The RBA has again increased the interest rate by 25 basis points up to 3.1 per cent. This is the eighth consecutive rate rise...

  14. Last one out for Christmas please arm the alarm!

    Ensure physical files are locked away and log out of all devices before heading on holiday, say the ATO and CPA Australia. Lock away physical files and log out of all devices before shutting down for Christmas or put your business at risk, say the ATO...

  15. ‘Depleted savings, credit card debt leave economy on last legs’

    Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming recession, says turnaround specialist Michael Fingland. The founder and CEO of Vantage Performance said the increased costs of servicing a...

  16. M&A work tipped to increase for accountants

    year following a slow 2016 caused by political uncertainty, creating opportunity for accountants according to a mid-tier. Last week, Pitcher Partners released its third annual M&A report in conjunction with Mergermarket's Dealmakers: Mid-Market M&A in...

  17. Spike in self-lodgers as ATO portals fury continues

    been met with fury. As of yesterday, almost 1.7 million Australians lodged their own tax return through MyTax. This time last year, that figure stood at 1.4 million. So far this year, the number of returns lodged by tax agents is up by 72,000....

  18. ATO trials new compliance tool for SG payments

    ATO-initiated cases. This represents a 105 per cent increase from the 3,238 cases that were completed in the same period last year. “We have raised a total of $110 million from ATO-initiated cases compared with $73 million for the same period last year....

  19. Treasury boss hails ‘rapid’ ATO stimulus delivery

    looking into the government’s COVID-19 response, Mr Kennedy said $10 billion in stimulus measures had been paid out over the last three weeks, with three times that amount expected over the next month. However, he pushed back on a line of inquiry that...

  20. Pandemic toil sees accountants earn small business $45.3bn

    sector through grants, investment guidance, or other financial advice provided by accountants and bookkeepers over the last year. Small businesses are estimated to have earned a further $8.9 billion in savings over the same period as a result of...

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