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  1. R&D changes to ‘completely eliminate’ cash flow support for some startups: RSM

    long, regulated and interdependent development pathways." RSM Australia warned that inclusion of these two measures would lead to outcomes contrary to the objectives of the Ambitious Australia Report, which examined Australia's R&D system. The...

  2. Businesses should not absorb merchant fees, accountant says

    have difficulty meeting an obligation, early engagement with the ATO will also be important,” she said. CPA Australia tax lead Jenny Wong encouraged businesses that may be impacted to speak with their accountant or registered tax agent as early as...

  3. Tax reforms leave accountants, clients in planning ‘limbo’

    favour. You’re planning how to best structure things for the future, which makes it very difficult.” The CGT measures could lead to some business owners realising their asset early rather than holding it, Campisi said, who added that he is having...

  4. CA ANZ pathways program delivers boost to membership numbers

    it said. "While recruiting school leavers represents a shift in traditional career hiring practices and requires longer lead times, interest from employers remains strong, including active participation from major firms in New Zealand." The professional...

  5. Tax reform measures risk adding to red tape burden: CPA Australia

    adding complexity through the new trust tax and CGT rules with a review whose purpose is to lessen it. CPA Australia tax lead Jenny Wong said that as currently designed, the proposed rules around discretionary trusts and capital gains tax (CGT) could...

  6. Minimum tax on discretionary trusts: the draft law lands, and the concerns remain

    before Parliament has a meaningful opportunity to scrutinise them and can be varied after enactment. We have seen where that leads with the challenges arising from the registration of the Tax Agent Services (Code of Professional Conduct) Determination...

  7. Is this the ‘optimal path’?: Trust tax reform creates burdensome system

    last 30 years. That’s not enough,” Ortner said. As a consequence, there could be gaps in the drafting of the legislation, leading to interpretive differences, he said. “That could then increase the risks of future disputes with the ATO,” he said. Ortner...

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