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

  1. ‘Apology doesn’t go far enough’: Calls for ATO outage compensation increase

    The pressure is growing for the government to explicitly include compensation related to digital systems after last week’s ATO outages. While the government is currently reviewing the Compensation for Defective and Detrimental Administration (CDDA)...

  2. ‘Antiquated FBT rules’ set for legislative tweak

    the current Fringe Benefits Tax Assessment Act that prevents ride-sourcing vehicles from qualifying for FBT exemptions. Last week, Treasury released the exposure draft Treasury Laws Amendment (Measures for a later sitting) Bill 2019: Miscellaneous...

  3. ‘All you can eat Xero data buffet’ comes to abrupt end

    Late last week, Xero made the shock announcement that it was changing the structure of its API fees for app partners, leaving accountants reeling and disappointed with the decision. Editor's note: This story has been updated to include a statement from...

  4. ‘Aggressive’ ATO puts directors in front line for tax debts

    notices are now its first resort, according to Tax Assure. The number of companies in tax debt distress has tripled since last year and the ATO has changed tack to go straight after directors, according to Melbourne-based consultant Tax Assure. Tax...

  5. ‘Accountants, this is our time to shine’

    put all tax withholdings, super payments into that and that’s an emergency fund that your client dips into if it’s just last chance and you run out of everything. “There’s no point making payments to the ATO if they would have given you payment...

  6. ‘Accountants need to be ambidextrous and versatile in the services they provide’

    distress, says one academic. Speaking on the sidelines of the IPA Deakin Small Business: Big Vision conference in Melbourne last week, Deakin professor Andrew Noblet said that clients need accountants to be much more ambidextrous and versatile in the...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business
  7. ‘A warning to employers’: Victorian wage theft laws commence 1 July

    says one peak body. The new laws, which made Victoria the first state to criminalise wage theft when they were announced last year, will see employers who withhold a range of entitlements face fines of up to $198,264 for individuals, $991,320 for...

  8. ‘A war for talent’: Accountants prioritised under skilled migration list

    during the crucial recovery phase.” The PMSOL, which now consists of 41 occupations, was first developed in September last year based on advice from the National Skills Commission. The government says existing skilled migration occupation lists will...

  9. ‘A very complicated sell’: corporate tax cuts to be dumped

    have become too “politically sensitive” to be included in the 8 May budget, particularly given that this is likely to be the last budget before the next election. “The small business tax cuts have been pretty much locked in now; the rate for small...

  10. ‘A terrible gap’: big 4 firm moves to shake up board

    said at a function in Sydney today. “When you reflect on the acquisitions [chief executive Gary Wingrove] has made over the last few years, he has been deliberately going out and targeting different skill sets we haven’t got and bringing them into the...

  11. ‘A temporary stimulus measure’: $1,080 tax offset extended

    of the LMITO for a further 12 months comes after the government announced a similar extension in its October federal budget last year despite backdating its stage 2 tax cuts to 1 July 2020. Mr Frydenberg stressed that the extension of the offset was a...

  12. ‘A strong acknowledgment’: Australians give accountants vote of confidence

    trust level in their tax practitioner, on par with figures from the year before. The survey, which was conducted in November last year, also found that two out of three rated their experience with their tax practitioner as excellent. CPA Australia...

  13. ‘A real fight’: Advice gap looms as more exit the industry

    and New Zealand, CPA Australia and the Institute of Public Accountants re-establishing the joint accounting bodies late last year to lobby against the current complex regulatory regime. The tripartite lobbying effort comes as the bodies believe there is...

  14. ‘A nightmare’: Provisional CA ANZ members frustrated by online exam transition

    online software has just been a total disaster for the majority of us students,” said one member. “It is even worse than the last one — at least the previous software had some options, such as drawing tables within the box, and printing the exam.” “I...

  15. ‘A historic opportunity’: Frydenberg doubles down on employment

    said the government has a historic opportunity to force a labour market rebound in record time, despite concerns over the lasting impacts of JobKeeper’s expiry in March. Mr Frydenberg said more than 100,000 Australians have come off income support...

  16. ‘A hell of a ride’: The COVID-19 toll on the accounting profession

    said. “Take a few deep breaths and come back to it because the next few months are going to be a testing time, as have the last few months, but I don’t think it’s going to get better quickly and we need practitioners out there who are healthy and able...

  17. ‘A delicate balancing act’: ATO pushes for sub-$60k earners to self-lodge

    78 per cent of tax returns prepared by a tax agent required adjustments, compared to 57 per cent for self-preparers. Just last month, the ATO noted that 60 per cent of the 112,000 tax returns that required correction in the first two months of tax time...

  18. ‘A crushing of opinions’: Industry mulls changes to financial reporting

    for public financial reports.” ‘Vigorous debate’ With the AASB concluding its series of briefing sessions across the country last week, both Ms Ross and Mr Drum have urged practitioners to digest the proposals and submit their views to the board. Phase...

  19. ‘A bad thing times 10’: ATO set for new blitz

    50 per cent of the fund goes to the government, good bye,” Mr Dickinson told delegates at the SMSF Summit in Adelaide last week. “We don’t want to make these people non-complying and we don’t want to disqualify them. But we cannot allow a significant...

  20. 'You can't put a firm in jail': ASIC backs its compliance approach

    to respond to misconduct in the sector, with a taskforce having completed a review of ASIC’s enforcement regime late last year. “There are significant parts of our legislation where the penalties are frankly inadequate and that's why there has been a...