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  1. Grant Thornton board approves sale to PE-backed US counterpart

    in an industry facing regulatory, economic and technological upheaval. “The things that have made us successful over the last 10 years are not the same things that are going to make us successful in the next 10 years, just because of all of that...

  2. Graduates encouraged to look to ‘competitive’ smaller firms

    in lieu of traditional graduate intake schemes. Following a hiring slump of about 60 per cent across the sector in May last year, job postings are edging towards pre-pandemic levels, with listed openings currently sitting 2.3 per cent below what they...

  3. Graduate neglect leads to lacklustre mid-level talent

    that there is a concerning talent gap in the industry. “As an industry we've probably hurt ourselves a little bit in the last couple of years, particularly the big four and the mid-tier firms, there was a big slow down in graduate recruitment, maybe not...

  4. GPS launches licensing app for accountants

    would inform accountants of what is needed to begin the licensing process. “Having spoken to hundreds of accountants in the last 12 months, we’ve learned that there’s a lot of confusion, misinformation and a general lack of information in the market...

  5. Goyder chairs B20 summit in Sydney

    across all sectors. More than 300 senior business leaders from over 30 countries have been meeting since the end of last year to develop a set of policy responses to these global challenges. “Task forces established around four priority areas –...

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

  6. Govt, ATO continues tax relief for Queensland

    funds established for the relief of people affected by tropical cyclone Debbie to receive tax deductible donations.” Last week the ATO announced the automatic deferral of three tax obligations for people whose businesses or residential addresses are in...

  7. Govt set for new surveillance on ATO

    Standing Committee on Tax and Revenue, in relation to scrutiny of the ATO, have been welcomed by one accounting body. Last week, the Australian government responded to the House of Representatives' Standing Committee on Tax and Revenue report, External...

  8. Govt looks to relieve regulatory cost for taxpayers

    has introduced an industry funding model for ASIC instead of taxpayer funding, following a significant budget boost last year. The ASIC Supervisory Cost Recovery Levy Bill 2017 looks to make the financial services industry more accountable for its...

  9. Govt flags independence in handling of tax disputes

    is consistent with the positive litigation outcomes for taxpayers highlighted in the inspector-general’s report over the last seven years,” Mr De Zilva said. “The report notes that 83.5 per cent of AAT cases and 77.1 per cent of Federal Court cases have...

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

  10. Govt appoints commissioners of taxation

    ATO have been plagued by digital downtime, including one of the worst unplanned outages the ATO has experienced in December last year, he has delivered strong results. The ATO recently confirmed that in 2017, it has raised $2.9 billion in tax...

  11. Government, industry clash over controversial ‘recycling tax’

    capacity in Australia by 1.3 million tonnes.” In 2020, federal and state governments agreed to ban the export of waste plastic, paper, glass and tyres while building domestic capacity to generate “high-value recycled commodities”. The Recycling and...

  12. Government, ATO cash blitz tipped to raise $5bn

    may be substantially greater. Other taxation revenue for the states and territories would be a further natural consequence.” Last year, the government’s Black Economy Taskforce released a consultation paper detailing potential policy ideas to stamp out...

  13. Government yet to address ‘unfinished business’ for super

    Parliament. In an online blog, SMSF services provider Heffron SMSF Solutions said that when Parliament concluded in December last year, there were still a number of superannuation-related measures and bills that were yet to be passed into law. With only...

  14. Government won’t rule out early JobKeeper withdrawal

    to defend the government’s decision to end JobKeeper for the childcare sector after Prime Minister Scott Morrison had just last week guaranteed that the scheme would be in place until the end of September. The Treasury’s figures have revealed there are...

  15. Government weighs up federal support as Victoria doubles business support package

    The Victorian government on Wednesday called on sustained, federal support in the form of a JobKeeper reboot. “As we did last week, we have also renewed our request to the Commonwealth to activate a JobKeeper-style support for Victorians who have been...

  16. Government warns taxpayers again of myGov ATO scams

    refund” or “You have a new message in your myGov inbox – click here to view”. The scam has been circulating since 2021. Last year, the ATO said nearly 20,000 scams had been reported in the lead-up to tax return season, prompting the agency to warn...

  17. Government warned on delicate balancing act ahead of federal budget sweeteners

    thresholds were the most likely routes the government would take. The potential cuts will come on top of tax cuts announced last year – a three-stage process that will run to 2024. “While individual tax cuts could be seen as being election sweeteners,...

  18. Government warned on ‘compliance logjam’ with tax changes

    “The draft legislation anticipates that on or before 1 July 2017, people will know their superannuation balance down to the last dollar,” the SMSFOA said. “However, for self-managed funds in particular, it can take months for the trustees and the fund’s...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  19. Government warned against making bankruptcy an ‘attractive option’

    at a given point in time.” CA ANZ’s response comes after the Attorney-General’s Department released a discussion paper last month to consider reducing the automatic discharge period to one year in a bid to reduce stigma from bankruptcy, encourage...

  20. Government urged to step up involvement in Alt-Fi

    involvement in the online alternative finance sector to boost trust in the emerging lending segment. A KPMG report released last week showed Australia’s alternative finance (Alt-Fi) sector is strong, but “that more work” needs to be done to further...

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