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  1. Building a sustainable firm that thrives without you

    on the active involvement of the owner. This reliance frequently hinders owners from spending time away from their business, leading to potential burnout and limiting opportunities for strategic growth. Drawing from over 40 years of experience within...

    • Type: Article
    • Author: Grace Robbie
    • Category: Business

  2. Labor’s code changes an ‘assault’ on accountants: Opposition

    assistant treasurer Luke Howarth said Jones’ recent code changes were burdensome for practitioners to implement and would lead to additional costs being passed on to consumers during a cost-of-living crisis. “Assistant Treasurer Stephen Jones has...

  3. ATO’s growing data access ‘alarming’, says TaxTank CEO

    Taxpayers should be questioning the ATO’s right to their private information as many taxpayers are unaware this could lead to unexpected fines and consequences in the future, Kelly said. “Many Australians are unaware of the ATO’s extensive reach into...

  4. Australian SMEs struggling, performance data reveals

    economy and the industries most impacted give us insight into why this might be down compared to GDP,” he said. The lead indicator of the SME economic performance was based on over 17 million observations of 200,000 small businesses in Australia. The...

  5. Financial management critical amid rising insolvencies, says insolvency expert

    may be causing problems and issues and why financial pressures may be arising. Keeping business and financial records will lead to a better position to monitor the progress or operations of the business, which can aid in avoiding liquidation. ASIC...

  6. Boutique law firms seeking accounting practice partnerships

    will lend to a successful and beneficial collaboration. “A collaboration approach means the work can stay local and can lead to better growth opportunities for both law and accounting practices,” he said. Michaels states the merge will not only be an...

  7. ATO and Lunar seize over $6m of illicit tobacco in West Victoria

    crime groups from becoming involved. “We have said previously that Victoria police is focused on targeting syndicate leaders, directors, facilitators and organisers responsible for this criminal offending,” Hatt said. “That remains a key priority for...

  8. The current state of play with tax debts and the ATO

    She sheds light on the factors the ATO is looking at when considering when to grant payment plans and what is likely to lead to a more favourable outcome. Koskie also explains what initial steps businesses with these debts should be taking and how they...

  9. Nearly half of crypto investors unclear on tax rules, survey finds

    for Ethereum requires reporting any gains or losses on the Bitcoin eTrade.” Failing to recognise a taxable event could lead to an incomplete picture of investors’ cryptocurrency income. “Ensure that all income related to cryptocurrencies is reported,”...

  10. OECD executive among 3 new ‘high calibre’ KPMG hires

    appointment complemented the firm’s consulting restructure. “David is a highly respected national and global policy leader who joins us after a decade at the OECD,” he said. “As a key member of our business transformation team, David will provide...

  11. CA ANZ slams government’s ‘confused’ big 4 regulation paper

    with “perceived” risks and weaknesses in the current framework, without considering strengths could unintentionally lead to policy outcomes that made audit regulation worse. The paper’s analysis was also missing texts and sources CA ANZ said were...

  12. 125% foreign student visa fee hike to worsen accountant shortage

    recommendations and the government’s migration strategy, he said. CPA Australia’s business investment and international lead, Gavan Ord, called the move “outrageous” and warned it could make Australia less attractive to international students. “Poorly...

  13. ‘Bullish’ Moore Australia shakes up leadership team

    growth ahead, driven by a shift from the big four to the mid-market, the firm says. Moore Australia has revamped its senior leadership team and made several promotions across the country with a “bullish” outlook for the year ahead as a beneficiary of...

  14. ATO’s outdated estate rules cause delays, confusion

    the death certificate, will and probate. However, practitioners reported the ATO often failed to receive the notifications, leading to additional effort and time spent and also raising concerns about the security of personal information. “Feedback from...

  15. Victoria’s ‘hibernating’ property tax could rival GST in impact

    warned the consequences would only be apparent when the duty applied in 10 years. “From the perspective of what it could lead to, it is possibly Australia’s most significant tax change since the GST,” it said. “The reality is that the practical impact...

  16. Former UK tax commissioner named next IGTO

    tax, public sector reform, complaints management and dispute resolution, having spent more than 30 years in various senior leadership positions across the public sector in Australia and the United Kingdom,” he said. Owen began her career in 1990 with...

  17. Alexander King – Tax adviser to the funds management and property sectors

    tax consulting and compliance, specialising in the funds management, property, agribusiness and logistics sectors. He is the lead tax partner for the Sydney funds management team and is well-versed on the unique challenges in this sector. How did you...

    • Type: Article
    • Author: Mann Judd: Advisory and Accounting
    • Category: Profiles

  18. The top 4 tax scams targeting Australians this tax season

    ask you to update MFA via email, especially with a QR code, or a link to log in to online services. These codes typically lead to fake myGov login pages designed to steal your credentials. If you receive an email like this, do not scan the QR code,...

    • Type: Article
    • Author: Martin Kraemer, KnowBe4
    • Category: Technology

  19. Mid-market M&A whiz joins Forvis Mazars as partner

    effective and comprehensive transactions and advisory solutions to clients." Johnson most recently spent four years as the lead adviser of boutique firm Mayfair Advisory, described as delivering "discreet mid-market transactions". Before that, he worked...

  20. Service-based small businesses lead productivity decline: Xero

    A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst. Service-based small businesses in hospitality, arts and education led a nationwide decline in productivity last year, according to a...

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