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  1. O’Dwyer’s education official set to join big 4 firm

    credentials to someone that has just got a degree and RG146,” said CA ANZ senior policy adviser, Bronny Speed, late last month. Accountants are also frustrated that the current guidance does not differentiate between accountants holding a limited versus...

  2. NZ Budget shows the way

    great strides it has made in achieving a strong economic recovery,” Mr White said. “By turning around its deficits of the last six years, New Zealand can now spend more money on big ticket issues like research and development, and welfare measures such...

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

  3. Numerous companies to be wound up by big 4 liquidators

    associated with Macro Group, and have been ordered by the Federal Court of Australia to wind up all associated companies. Last month ASIC applied for KPMG partners Hayden White and Matthew Woods to be appointed liquidators to 19 'special purpose...

  4. Number of SMSF clients without accountant triples

    advice. “The issue though is that if you look at the number of SMSFs who use an accountant and how its has changed over the last 10 years, it's increased by only about 10,000 or 20,000 while the number of SMSFs who don't use an accountant has tripled...

  5. NTAA, CPA Australia flag ‘significant gaps’ in OSfA functionalities

    ATO’s online services for agents platform (OSfA), building on her previous review into the ATO's registered agent phone line last year. In submissions to the review, CPA Australia and the National Tax and Accountants’ Association (NTAA) flagged numerous...

  6. NTAA offers feedback on Tax Ombudsman’s ATO GIC remission review

    The association concluded that this submission to the Tax Ombudsman on the matter followed a submission made in October last year opposing the original draft exposure draft legislation. In addition, another submission was made in conjunction with other...

  7. NTAA members tipped for last-minute licensing rush

    Tax and Accountants' Association (NTAA) regarding referrals of clients for advice services, one association has tipped a last-minute rush as the end of the accountants’ exemption approaches. The Association of Independently Owned Financial Professionals...

  8. NTAA flags potential revised Div 296 tax implications

    year.” The revised proposal also contained transitional arrangements to ensure that an individual who passed away before the last day of the 2027 income year would not be liable to pay Div 296 tax for that year, whereas the original proposal stated...

  9. NSW, WA governments announce new grants post-lockdown

    be available to small businesses in Sydney’s Northern Beaches that were affected by COVID-19 restrictions over Christmas last year. WA small businesses will also now have access to a $500 offset on their electricity bill under a new $43 million package...

    • Type: Article
    • Author: Adrian Flores
    • Category: Business

  10. NSW, Victoria prescribe GP payroll tax without amnesty sweetener

    rulings from the NSW and Victorian state revenue authorities, both released on Friday, recognise a landmark court decision last year that changed the game for GPs working at medical centres. With Western Australia going its own way, the other four...

  11. 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...

  12. NSW workers’ compensation gets 18-month premium freeze

    Last week, a new bipartisan agreement was made, which will introduce various changes to NSW workers’ compensation, including an 18-month freeze on premiums. The agreement adds a $344 million investment in workplace mental health and introduces a...

  13. NSW pushes ahead with JobSaver retest amid compliance talks

    compliance burden for businesses and advisers alike. The development comes after the NSW government abruptly announced plans last Friday to require businesses to reaffirm their decline in turnover every fortnight to remain eligible for JobSaver payments...

  14. NSW property tax reform to cost $729m 

    duty was introduced to NSW in 1865 and it’s showing its age as an outdated tax which has stifled the property market in the last few decades.” In late 2021 Mr Perrottet outlined his views on stamp duty at a budget estimates hearing. “Stamp duty...

  15. NSW payroll tax changes safeguard essential GP veteran care

    of Veterans (DVA) card. The bill to abolish payroll tax on the care veterans receive from independent GPs in NSW was passed last week by the NSW parliament. RACGP NSW & ACT chair, Rebekah Hoffman, said she applauded the Minns Labor government for acting...

  16. NSW leads plunge in business confidence to record lows

    confidence than other states in recent years as the mining industry has outperformed other industries.” The RBA’s decision last week to hold interest rates for a second month in a row also failed to lift consumer sentiment, which dipped 0.4 per cent...

  17. NSW government rolls out $100m recovery package

    joint Federal and State JobTrainer program with more than 136,000 people in NSW taking up a course since it was introduced last October.” According to a statement from the NSW government, the package includes additional Elsa Dixon Aboriginal Employment...

  18. NSW government commits to the ‘art of tax reform’

    live music and a review of prize money tax settings. The plea for tax reform to alleviate pressure on the arts came after last year’s Artists as Workers report, which found that a professional artist’s gross income was around $54,500, which included...

  19. NSW financial support incoming as state enters 2-week lockdown

    details of which are set to be revealed in the coming days. The state’s budget, handed down by Treasurer Dominic Perrottet last week, allotted $5.1 billion for combating COVID-19, $800 million of which is set to be spent by the end of the 2021 calendar...

  20. NSW extends commercial tenancy relief

    relief to tenants with an annual turnover less than $50 million under an extended state support scheme. The NSW government last week announced the reintroduction of national cabinet’s Mandatory Code of Conduct for Commercial Leasing, which will mandate...

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