Assuming last is required, the following 4010 results were found.

  1. ‘Cash grab’ accusations at ATO investigated, findings released

    accusations of “cash grabs” and improper staff incentives, has been released today. A current and former ATO officer alleged last year that the ATO gave directions to staff to issue garnishee notices in every case as a “cash grab” towards the end of the...

  2. ‘Canary in the coalmine’: Accountants fear economic downturn

    accountants surveyed reported an increase in the number of enquiries they’d received related to financial distress in the last month. Financial distress wasn’t limited to areas in lockdown, either, with 38 per cent of respondents unimpeded by lockdown...

  3. ‘Bullish’ Moore Australia shakes up leadership team

    a “bullish” outlook that bucked trends seen by its larger competitors. “In the wake of the big four media coverage over the last few years, we are seeing clients and staff alike make more considered choices,” national chairman David Tomasi said. “Our...

  4. ‘Breach of transparency’: ATO called to disclose lodgement statistics

    receiving over 1.7 million individual tax returns in the first two weeks of July, a 12 per cent increase on the same period last year. H&R Block director of tax communications Mark Chapman, who sits on the TPSG, said the ATO’s refusal to share lodgement...

  5. ‘Brace yourselves’: Imminent holiday home tax changes on the horizon

    Following the ATO’s “out of the blue” holiday home deduction announcement late last year, the IPA has called for additional clarity for taxpayers and accountants. In November last year, the ATO withdrew its existing ruling on rental property deductions...

  6. ‘Bottom of political barrel’: Profession slams Labor’s attack on accountants ‘rort’

    to a particular figure,” said Professor Deutsch. “It is distortionary.” The ATO’s scepticism Commissioner Chris Jordan had last month questioned the basis of the proposal, noting that the millions that Labor were pointing to were probably down to...

  7. ‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

    and Financial Services Committee tabled its final report for its inquiry into the audit, assurance and consultancy industry last week, outlining 16 priority recommendations for immediate action and 40 in total. IPA chief executive Andrew Conway said...

  8. ‘Bleisure’ travel claims in ATO sights, experts warn

    deductions and a failure to include all income sources in lodgments. It said over 8 million people made a work-related claim last year and urged taxpayers to follow “three golden rules”, including only claiming expenses if they spent money themselves...

  9. ‘Biggest structural reform’ to SME finance gets thumbs up

    has welcomed the government’s introduction of a new small business financing scheme off the back of its lobbying efforts. Last week, Treasurer Josh Frydenberg announced that the government would introduce a $2 billion Australian Business Securitisation...

  10. ‘Big deal’ for SME clients in banks’ move

    were now safe from banks unilaterally changing loan contracts. “Unfair contracts legislation came into effect in November last year and banks were very slow to comply but thanks to the work of Ombudsman Kate Carnell and her team, there are now important...

  11. ‘Big awareness push’ phase underway as STP deadline approaches

    provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline. Through email and national advertising campaigns, the ATO is drilling in the 1 July deadline for STP, which...

  12. ‘Better nation, better conversation’: Spender, Richardson’s take on tax reform

    In the aftermath of the highly anticipated Economic Reform Roundtable last month, the conversation on tax reform is set to be “kept alive” by independent MP Allegra Spender. Federal member for Wentworth Allegra Spender is driving hard for the tax...

  13. ‘Bean counter’ image tipped to fade as accountants look to strategic partnerships

    real relationships and new communities promoting knowledge sharing and support. We all win when this happens.” Looking ahead Last year, Sequel CFO announced the launch of its first two franchisees and recently recruited Lance Rubin from KPMG as head of...

  14. ‘Be prepared to walk away’: Dealing with errant payroll clients

    million in underpayments after it found "incorrect processes and failures within its payroll and human resources functions". Last week, jewellery chain Michael Hill uncovered historic underpayments to employees worth between $10 million and $25 million...

  15. ‘Baseless and reckless’: ATO flags concern on legal professional privilege claims

    most taxpayers provide voluntarily.” Mr Jordan also used the opportunity to point to the ATO’s draft LLP protocol, released last month, that sets out its recommended approach to identifying communications covered by LPP, and the level of detail required...

  16. ‘Back to the drawing board’: CPA Australia pours cold water on new tax deduction

    jobs, with the proposal criticised for failing to target those who need it the most. The government’s proposal, announced in last year’s federal budget, aims to tackle a rapidly evolving labour force in the wake of the COVID-19 pandemic by encouraging...

  17. ‘Back the right horse’ as niche products boom, accountants told

    finding. In the 40-odd years that Smithink's founding director David Smith has been in the accounting industry, he says the last 10 have seen some of the most significant movements in terms of technology development, and in the attitude of accountants...

  18. ‘Astonishing collapse’ on the horizon as zombie companies spike

    and insurance companies are the least likely to be paid on time, with a 657 per cent spike in late payments from this time last year. Transport, postal and warehouse late payments were up by 500 per cent to 90 days, while administrative and support...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business
  19. ‘Assault on family savings’: shadow treasurer slams death tax Easter egg

    minimum tax rate on discretionary trusts, scheduled to take effect on 1 July 2028, unveiled by Treasurer Jim Chalmers in last week’s budget. Whereas before trusts could feasibly pay no tax if distributions were made by the end of each financial year,...

  20. ‘Appetite’ for accountants’ licensing reform with government

    has made great strides but we have to acknowledge that the accounting profession has been doing its trade and craft for the last series of centuries so we are coming at different angles. “We are working on some viable options to recognise the...