Assuming last is required, the following 4011 results were found.

  1. Steering clear of an ATO audit this tax time

    you and your firm in a potential audit. With the ATO releasing its first-ever Individuals not in business tax gap report last year, tax agents and their clients can expect greater scrutiny from the Tax Office as it looks to tackle the $8.7 billion tax...

    • Type: Article
    • Author: Reporter
    • Category: Tax
  2. Stay on top of BAS planning in 2021

    are grappling with a vastly changed operating environment as a result of the COVID-19 pandemic that unfolded this time last year. While this month marks the anniversary of mass change for the accounting industry, it’s also a moment to reflect on the...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Regulation
  3. Stats blow ATO expenses crusade ‘out of the water’

    according to a national tax and accounting network. Work-related expenses had been in the spotlight from as early June last year with the ATO, when it started releasing materials explaining how to correctly claim deductions. Travel expenses in...

  4. State subsidy scheme shows small business ‘desperate for advice’

    have a role in encouraging and supporting business to access advice.” He contrasted the Victorian scheme with one announced last week by Canberra, which pledges $18.6 million to help small businesses adopt digital technology from April 2023. Small...

  5. State of SMSF advice model needs ‘urgent wholesale review’

    the design of the new system achieves the policy intent while still upholding robust consumer protections.” In November last year, the government stated that it would support, in principle, a recommendation from the Review of the Tax Practitioners Board...

  6. Start-up grant program a ‘golden chance for accountants’

    work, says one business consultant involved with a previous grant scheme. The $392 million Industry Growth Program, launched last week, offers two levels of grants for “innovative small and medium enterprises with commercialisation and/or growth...

  7. Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

    great uncertainty. “The role the profession plays extends far beyond tax returns, and the proof of this can be seen in the last 12 months alone where many members were the first port of call,” she said. “With the current economic situation and high...

  8. Stakeholder increases share in MYOB as takeover negotiations continue

    a 19.9 per cent stake in MYOB. The increase comes in the wake of a letter from equity fund KKR to MYOB chair Justin Milne last week, informing him that the $3.40 per share bid was the “best and final offer”. Manikay Partners chief investment officer...

  9. Stage is set for a surge in M&A activity

    he said. Mr Browing said the survey also revealed companies are now more likely to use debt to finance deals than this time last year. “The number of companies looking to use debt as their primary source for deal financing has more than doubled from 12...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  10. ​​Stage 3 tax cuts divide accountants

    have been designed and their effect on the economy, a survey from CA ANZ shows. The accounting body’s survey, released last week, showed 52 per cent of members supported the revamped package while 48 per cent opposed the changes. “While the changes to...

  11. Stage 3 cuts to pass House, Senate greenlights ‘right to disconnect’

    stage 3 cuts towards low and middle-income earners to provide cost-of-living relief into Parliament. The changes, announced last month and set to take effect from 1 July, would reduce the lowest rate of income tax from 19 per cent to 16 per cent and the...

  12. Staff swapping to lucrative contractor roles ‘blind to fallout’

    also claiming additional expenses as tax deductions which they were unable to do when previously classified as employees.” Last year's high court decisions Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022]...

  13. Staff ready to help with client linking issues: ATO

    clients over the phone where they are having difficulties.” Frustration with the revised system re-emerged on social media last week and soon reached a disgruntled crescendo involving bookkeepers, tax agents and even professional bodies. Accusations...

  14. Sportsbet ‘induced my gambling’: accountant in $26m fraud case

    cross-country flights, VIP treatment, and corporate box seats at key events or headline races. A video obtained by Nine late last month shows Mr Carter on a night out with Sportsbet CEO Barni Evans, which was allegedly one of many interactions Mr Evans...

  15. Spike in usage of myTax, electronic lodgements

    Despite notable technical issues with the myTax system last financial year, there has been a significant spike in the use of the service and in electronic lodgements. To date this financial year, 2,251,181 taxpayers have used the myTax system, compared...

  16. Spike in tax practitioner complaints in ‘challenging year’ for TPB

    tax (financial) adviser program, costing $846,411. The TPB has cited, on several occasions in the annual report and in the last 12 months broadly, that this program is a significant resources drain. IT upgrades also posed issues for the regulator, as...

  17. Spike in succession planning an opportunity for virtual CFOs

    family businesses got stuck in their ways and needed some help to make the transfer. “We’re seeing a real spike in the last 12 months of this activity of passing on things to generations,” he said on the latest Accountants Daily Insider podcast. “A lot...

  18. Spike in self-lodgers as ATO portals fury continues

    been met with fury. As of yesterday, almost 1.7 million Australians lodged their own tax return through MyTax. This time last year, that figure stood at 1.4 million. So far this year, the number of returns lodged by tax agents is up by 72,000....

  19. Spike in regional accountants' advisory take-up

    The popularity and suitability of advisory services for the accounting profession has been a point of contention for the last few years. Recently, chief executive of Sequel CFO, David Boyar, told Accountants Daily said the arguments for advisory work...

  20. Spike in fees for liquidators, auditors slammed

    called for additional funding for the Tax Practitioners Board (TPB) but criticised the practitioner fees hike announced in last year’s federal budget to fund such a measure. “Given that a well-functioning and regulated profession is critical to the tax...