Business

ATO responds to tax agent gripes over TPAR obligations

Tax agents have expressed frustration over a lack of visibility with client lodgment obligations and the time frame...

03 April 2024 • By Miranda Brownlee

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Business

Payroll errors more likely under Closing Loopholes reforms

More than half of Australian businesses plan to reconsider the way they manage payroll as a ‘direct result’ of the...

28 March 2024 • By Miranda Brownlee

Super

SG compliance activities expose common issue with clearing houses

The pitfalls of using clearing houses for Super Guarantee payments is leaving many small businesses in the lurch.

28 March 2024 • By Miranda Brownlee

Business

Inquiry report identifies lack of ‘genuine change’ by PwC

In an interim report released yesterday, the Senate has raised concerns about PwC’s ability to recover its reputation.

28 March 2024 • By Miranda Brownlee

Business

BDO flags unique tax challenges with influencer clients

Accountants can bring enormous value to clients operating as content creators but a detailed understanding of their...

28 March 2024 • By Miranda Brownlee

Business

Post-COVID period sees mixed performance across capital cities

Sydney and Brisbane have been challenged by steep commercial rents while Adelaide, Melbourne and Perth continue to...

27 March 2024 • By Miranda Brownlee

Business

‘Renewed concerns’ about economy sees consumer sentiment dip: Westpac

Consumers remain deeply pessimistic about the near-term outlook for the economy despite signs of improvement last...

27 March 2024 • By Miranda Brownlee

Business

Unlocking Financial Excellence: Sage Intacct's "Close The Books" Report

In the ever-evolving landscape of finance, staying ahead requires not just keeping pace with change, but driving it.

27 March 2024 • By Sage

Business

Underpaid, overworked: The audit profession's ‘battle’ for talent

Concerns around work-life balance, remuneration, and predictable career progression models continue to inhibit talent...

27 March 2024 • By Nick Wilson

Tax

Tax Office ‘dredging up’ decade old director debts

The IGTO and insolvency firms have seen a spike in director penalty notices issued for companies liquidated several...

27 March 2024 • By Miranda Brownlee

Super

16.5k SMSFs face regulator scrutiny over valuations

More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the...

27 March 2024 • By Miranda Brownlee

Business

ATO responds to IGTO guidance on debt notification

The Tax Office says it supports the principles outlined in the report by the IGTO, Commonwealth Ombudsman and ACT...

26 March 2024 • By Miranda Brownlee

Tax

ATO’s debts on hold campaign prompts new IGTO guidance

New guidance has been released on best practice principles for debt notifications in response to the re-activation of...

26 March 2024 • By Miranda Brownlee

Business

Australian small businesses trail rest of APAC: CPA

A recent survey from CPA Australia placed Australian small businesses last or near last on nearly all vital indicators.

26 March 2024 • By Nick Wilson

Super

Access to super won’t solve housing affordability, warns ASFA

Allowing access to super for housing will only benefit a minority of members with high super balances, ASFA analysis...

26 March 2024 • By Miranda Brownlee

Regulation

$5.2m in illicit tobacco destroyed following ATO investigation

A community tip-off to the ATO led to the seizure of more than 2,700kg of illicit tobacco in Victoria.

26 March 2024 • By Miranda Brownlee

Business

‘Like banging heads against a brick wall’: agents blast client linking

Practitioners declare that they are “sick and tired of doing the ATO’s work” as they spend hours helping clients...

25 March 2024 • By Christine Chen

Tax

Tax agents still failing Div 7A basics, ATO warns

The Tax Office has begun a year-long lecture series on Division 7A after finding most breaches related to...

25 March 2024 • By Christine Chen