Super

IFPA calls for sweeping changes to Division 296 tax

The institute is “deeply disappointed” that the proposed $3 million super balance tax has remained largely unchanged...

26 February 2024 • By Miranda Brownlee

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Business

‘Like a war zone’: Deloitte responds to claims about ‘dark and aggressive...

Deloitte has denied allegations about experiences of “extreme overwork and pressure” from former staff at the latest...

26 February 2024 • By Miranda Brownlee

Tax

The curious case of Mrs Bowerman

A recent AAT decision has examined the threshold test in the Myer Principle and how it relates to the acquisition of a...

23 February 2024 • By Miranda Brownlee

Tax

ATO’s hands tied with scrapping on-hold debts, expert says

The Tax Office lacks power under current laws to do anything about the wildly unpopular scheme despite plans to review...

23 February 2024 • By Miranda Brownlee

Business

‘No reason’ for gas industry’s generous anti-avoidance rules

The federal government has been consulting on new legislation designed to correct the “asymmetry” of the gas...

23 February 2024 • By Nick Wilson

Super

Contribution caps set to increase from 1 July

Recent wage rises mean the contribution caps for super will increase for the 2024–25 income year.

23 February 2024 • By Miranda Brownlee

Tax

GST fraud to see ‘grittier, slower’ GST registrations, ATO Commissioner warns

System changes made off the back off the GST refund fraud scheme may result in a more difficult GST registration...

22 February 2024 • By Miranda Brownlee

Appointments

BDO appoints digital and technology partner

Nick Kervin has rejoined BDO as an expert adviser on cyber security, privacy and digital transformation.

21 February 2024 • By Miranda Brownlee

Business

ATO mulls options with on-hold tax debts

The Tax Office is considering potential alternatives to pursuing billions of dollars in ‘petty’ tax debts including a...

21 February 2024 • By Miranda Brownlee

Business

Xero spotlights carbon accounting in new partnership with Sumday

The integration will help advisers and businesses prepare carbon accounting reports to an “audit-ready standard”.

21 February 2024 • By Nick Wilson

Business

Accountants top list of most in-demand jobs

Rounding out the top three were IT project managers and office support professionals, according to recruitment agency...

21 February 2024 • By Christine Chen

Business

FY24 to be the biggest white-collar slowdown since COVID: Deloitte

Businesses are pulling back from hiring as the labour market turns, with employment growth forecast to slump to 0.9...

21 February 2024 • By Christine Chen

Technology

Data privacy the main hurdle to the national skills passport, expert says

A skills passport could alleviate accountant shortages, but only if users are willing to part with their data.

21 February 2024 • By Nick Wilson

Business

PwC scandal goes deeper than a few bad apples, academic says

Regulators and advisers need more diversity of thought, and taxation is more than a cost to be minimised, a lecturer...

21 February 2024 • By Nick Wilson

Business

‘Standout’ local result propels Mazars to double-digit growth

The Australian operation was boosted by a surge in demand for sustainability services and consulting, the firm says.

20 February 2024 • By Philip King

Technology

BGL plumbs AI into its accounting and SMSF software

Technology similar to that in ChatGPT allows users to generate financial analysis including commentary and trends, the...

20 February 2024 • By Philip King

Appointments

PKF Australia adds 3 principals to its Sydney team, promotes 8 others

PKF Australia has promoted 11 employees across its Sydney and Newcastle teams, including three new Sydney-based audit...

20 February 2024 • By Nick Wilson

Tax

Everett assignments ‘dropping like flies’ as ATO cracks down

While the big end of town has copped the brunt of the ATO’s enforcement efforts on the income-splitting arrangements,...

20 February 2024 • By Nick Wilson