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

  1. ATO reveals improved tax compliance trend from big business

    tax compliance among large corporations, with Australia’s biggest corporations paying more than $57.2 billion tax in the last financial year. The Australian Taxation Office (ATO) has released its seventh annual report on corporate tax transparency...

  2. Business e-invoicing move ‘step in right direction’

    The government’s move towards business e-invoicing has been commended by those in the profession. Late last week, the Morrison government released new proposals on the development of the Business eInvoicing Right (BER). The development of the BER would...

  3. Omicron more likely to delay economic recovery than derail it

    Australia’s recovery from last year’s lockdowns may be delayed by Omicron, but it won’t necessarily be derailed by it. The impacts of the Omicron variant are already being felt, but experts expect economies like Australia’s to pull through new...

  4. ATO’s late lodgement focus set to continue this year

    scrutiny this year, with the ATO still looking to see further improvement in this area, says an SMSF auditor. In February last year, the ATO launched a new compliance campaign targeted at late lodgements in response to concerns that a lapse in lodgement...

  5. Remove the 5 IT roadblocks to success

    by overcoming these key information management challenges. The transformation of the accounting industry over the last decade has illustrated the importance of being innovative if firms are to remain profitable in changing markets. Disruptions have been...

  6. How to process your ATO correspondence more efficiently

    Over the last few years, we’ve adapted to new work environments and accelerated our use of technology to make life easier, more efficient and save time. One thing that hasn’t stopped over this time is the ATO correspondence. While they have moved...

    • Type: Article
    • Author: ATOmate - Powered by BAW
    • Category: Technology
  7. RBA responding to out-of-date number, says CPA Australia

    It said Australia must move to monthly CPI data because the effect of last month’s rate increase was unknown. CPA Australia said the RBA’s decision to lift interest rates by 50 bps to 0.85 per cent highlighted the need to report inflation monthly...

  8. Automate these 3 processes to improve your practice’s efficiency

    When was the last time you stepped back and reviewed your key business processes? Are you keeping up to date with technology? Is your current way of working still the best way for your team and your clients? Could you be working more efficiently? With...

    • Type: Article
    • Author: ATOmate Powered by Business Automation Works (BAW)
    • Category: Technology
  9. Jump-the-gun tax returns ‘at high risk of adjustment’ 

    for prefill data doubles the chance of changes later. More than 140,000 had their tax returns amended prior to assessment last year as people jumped the gun to lodge in early July, warned the ATO. The office said mistakes were more likely when taxpayers...

  10. Skills shortage driving SMEs to the brink, says Insolvency Australia

    With supply chain problems and rising inflation, an inability to find workers is the last straw for many. The nationwide skills shortage is becoming a key factor in forcing businesses into insolvency with SMEs hardest hit, said Insolvency Australia....

  11. EY revenue grows 18 per cent, delivers $70m in bonuses

    divisions, EY rebounds despite lingering COVID concerns. EY Australia doubled its revenue growth to 18 per cent over the last financial year, to $2.75 billion, and handed out 70 million in “record bonuses” the company said on Thursday (4 August). That...

  12. NSW and building industry lead nation into insolvency

    NSW businesses are going bust quicker than those elsewhere in Australia with almost half the total insolvencies in the last financial year, according to figures from Insolvency Australia. At the same time, early numbers from ASIC showed the building...

  13. Optus hack puts all Australia on alert, accountants in front line

    far beyond the people directly compromised, cyber security specialist says. The huge hack into Optus customer details late last week will affect everyone in Australia and puts accountants in the front line of fraud prevention, says one cyber security...

  14. Insolvency body welcomes ‘overdue’ review of bankruptcy laws

    cost and complexity, says ARITA. Insolvency specialists have welcomed a review of insolvency and bankruptcy laws announced last week by senator Deb O'Neill, chair of the parliamentary joint committee on corporations and financial services. The...

  15. What BBlood Enterprises case means for s100A

    Last month’s court decision had more to say about “ordinary family or commercial dealings” in trust distributions. On 19 September 2022, the Federal Court handed down its decision in BBlood Enterprises Pty Ltd v Commissioner of Taxation [2022] FCA...

  16. ATO issues private ruling on member benefit issue

    private ruling examining the issue of whether a benefit requested shortly before death is a member benefit or death benefit. Last week the ATO published a private ruling it issued regarding the payment of a benefit from an SMSF which was requested...

  17. Consumer sentiment plunges to recession levels

    spending, Westpac index shows, as inflation, rates and energy prices hit home. Consumer sentiment plunged almost 7 per cent last week to hit recession levels and presages a grim Christmas with 40 per cent of consumers looking to cut seasonal spending....

  18. Small business ‘at risk’ if NSW workers comp rises 33%

    A huge increase in premiums could be the last straw for many, says COSBOA. NSW small businesses will be unable to employ more people or help grow the economy if a projected 33 per cent increase in workers compensation payments is realised, according to...

  19. Why an automated finance team will pay dividends

    from drudgery, your finance department can become a source of strategic advice and revenue. Finance teams are seen as the last step in a long sales process, ready to manage transactions by issuing, monitoring and, ultimately, closing out invoices. This...

  20. ATO begins ID crackdown on recalcitrant directors

    by the office. The ATO is contacting the half-a-million directors who failed to get an ID number before the deadline last December and warns that it is taking non-compliance “seriously”. It said the first approach would involve supplying guidance on how...