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  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  11. 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...

  12. 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...

  13. 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...

  14. 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...

  15. Jobless rate edges up, hints of looser labour market

    unemployment rate stuck to the floor,” he said. “The latest figures show that Australia’s population grew by 560,000 in the last year, almost the size of Tasmania, driven by net overseas migration. Yet the employment-to-population ratio remains steady,...

  16. JobKeeper’s expiry has cost 56,000 jobs to date: Treasury

    New Single Touch payroll data reveals 56,000 workers formerly on JobKeeper have lost their jobs, up from 40,000 over the last two weeks. Treasury secretary Steven Kennedy told Senate estimates on Tuesday morning that 56,000 workers whose jobs were...

  17. JobKeeper, Centrelink data-matching program begins

    to extend the JobKeeper program beyond its legislated September end date. The new program comes after the ATO announced last month that it would acquire the data of 3 million Australians from Services Australia to verify individuals’ eligibility...

  18. JobKeeper, cash-flow boost delays dominate Inspector-General of Taxation complaints list

    around the ATO’s debt collection actions have been raised, pushing it down to the second most common issue raised in the last quarter — the first time it has happened since the IGTO took over the complaints handling function from the Commonwealth...

  19. JobKeeper turned off for childcare sector ahead of midway review

    a transition payment of 25 per cent of their fee revenue from 13 July until 27 September. According to Mr Tehan, the last two payments scheduled for September will be brought forward to help childcare services with cash flow. Childcare providers will...

  20. JobKeeper transparency bid slapped down by the House

    $12.5 billion in JobKeeper payments were made to businesses that didn’t record a shortfall in revenue between April and June last year. The PBO also found that $4.6 billion was paid to 157,650 firms whose turnover actually increased over the same...

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