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  1. Key budget incentives stall on starting line

    left in the dark about key budget investment incentives after they were omitted from legislation enabling other measures last week. The Skills and Training Boost and Technology Investment Boost apply to eligible expenditure incurred from budget night...

  2. Key Bill for CAANZ amalgamation passes

    The Accounting Infrastructure Reform Bill passed its third reading last week, paving the way for Chartered Accountants Australia and New Zealand to officially amalgamate. Part of the bill is an amendment to the NZICA Act 1996 which allows the two...

    • Type: Article
    • Author: Staff reporter
    • Category: Business

  3. Key audit appointments, M&A deals chalk up growth for EY

    EY’s revenue rose by almost 10 per cent over the last financial year as the big four firm secured several key audit appointments, and noted a strong demand for M&A services. The big four firm saw its revenue rise by 9.8 per cent to $1.78 billion for...

  4. Kelly and Partners opens new overseas office

    in the NSW firm’s expansion. “We are keen to continue our growth, which has averaged at a compound 42 per cent rate over the last decade, through the acquisition of firms which want to tap into our integrated operating and client management systems,” Mr...

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

  5. Keating knocks ‘freebie’ imputation credits

    “Borrowing outside of super — usually with double incomes are used in calcs despite potential future family plans (and also last year's bonus considered as ‘normal income’) — is a greater systemic risk to the economy than borrowing within SMSFs....

  6. Katarina enters a new relationship – with a new accountant

    Host Katarina Taurian is just starting out in a new relationship. Following a parting of ways with her last accountant, which she describes as “harder than her most difficult break-up”, she is now in the process of regaining that trust and relationship...

  7. Karbon’s new exec eyes MYOB, Reckon fallout

    from Wolters Kluwer Australia after about two years in sales management roles. The move, reported by Accountants Daily last week, was publicly confirmed today. “With the MYOB and Reckon APS deal falling through recently, all practices will be...

  8. 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...

  9. Jordan to exit ATO in February after 10 years at helm

    an address to staff yesterday during a presentation of the 2023-24 corporate plan. He confirmed his second term would be his last and gave himself a distinguished pass mark for his achievements in the role. “As you know, my current term as Commissioner...

  10. Jones lauds anti-scam response after losses drop 60%

    were down 60 per cent between 1-7 January 2024 and were also down “across the board” since the NASC commenced work in July last year within the ACCC. He referred to findings from the NASC’s first quarterly report in November which showed losses fell by...

  11. Joint bodies voice support for AFCA rule amendments

    based on the failure of financial firms to pay AFCA determinations and the resultant impact on the Compensation Scheme of Last Resort (CSLR) being an important issue for the various bodies and their members. “The cost of the CSLR is a major threat to...

  12. Joint bodies say employers are ‘set up to fail’ in Payday Super regime

    relies heavily on administrative tolerance rather than legal certainty and have called for sweeping changes. In a submission last month, joint accounting bodies called for transitional relief for the Payday Super (PDS) legislation that commenced on 1...

  13. Joint bodies look to capitalise on ASIC’s licensing ease

    accounting bodies to turn up the heat on the licensing regime, following ASIC’s temporary AFSL exemption for tax agents. Last month, the corporate regulator relaxed licensing requirements for accountants to provide advice to existing clients about the...

  14. Joint bodies flag potential issues with instant tax deduction bill

    have called for changes to the current drafting of the legislation. Treasury released the draft legislation for the measure last month, which will provide an instant $1,000 tax deduction for the 2026–27 income year onwards. Eligible taxpayers can...

  15. Joint bodies continue support for disallowance motion on TASA changes

    Determination 2024, but are still in support of the disallowance motion to block the changes. During a roundtable meeting last week, the Assistant Treasurer’s office and Treasury acknowledged the concerns about the determination raised by the joint...

  16. JobSaver expanded to rescue large hospitality, tourism businesses

    $75,000 and $250 million with weekly payments of up to $100,000. The changes come after NSW Premier Gladys Berejiklian last week announced an extension of the Greater Sydney lockdown to the end of September. “Given the extended Public Health Order, and...

  17. JobSaver eligibility clarified to include regional lockdowns

    processing at Service NSW, whom critics say were ill-equipped to administer the scheme. Data revealed by Service NSW last week showed 208,775 applications worth $1.6 billion in financial support have now been approved for payment, out of a total of...

  18. JobMaker registrations now open: ATO

    now opened registrations for the JobMaker Hiring Credit scheme following the release of rules by Treasurer Josh Frydenberg last week. Administered by the Tax Office, the scheme will run for 12 months from 7 October, with registrations through ATO online...

  19. JobMaker in need of a rethink: BDO

    the scheme, said Mark Molesworth, tax partner at BDO. Introduced as part of the government’s federal budget in October last year, JobMaker rewards eligible employers with $200 a week for every person they hire under 35 who was previously on either...

  20. Jobless rate up to 3.9%, ‘hints of softer labour market’

    Unemployment has risen from its low last November and the growth in monthly hours worked is slowing, ABS data shows. Unemployment moved up to 3.9 per cent in November from a revised 3.8 per cent in October, according to seasonally adjusted data...

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