Super

Revised NALE rules ‘miss chance to clarify SMSF bugbear’

The ATO will need to help trustees work out when an arrangement is internal to the fund for the purposes of non-arm’s...

20 September 2023 • By Philip King

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Technology

Directors on the hook for cyber security, ASIC warns

Repelling attacks is just the start – businesses must demonstrate an ability to respond or the board will be held...

19 September 2023 • By Philip King

Regulation

Give TPB power to sanction wayward firms: IGTO

Improve the board’s access to tax data and expand its ability to punish, says the Inspector General of Taxation and...

19 September 2023 • By Miranda Brownlee

Business

Family businesses ‘fret over cash flow, but optimistic for growth’

The economy determines the number one challenge facing family businesses, a Grant Thornton survey finds, closely...

19 September 2023 • By Philip King

Regulation

CIMA, CPA Australia renew reciprocal membership accord

Subject to passing an exam, any member of one body qualifies to join the other.

19 September 2023 • By Philip King

Business

Fear prevents businesses on the brink from calling in SWAT squad

Scared of losing control or the cost, directors delay reaching out to turnaround experts says specialist Michael...

18 September 2023 • By Philip King

Tax

Professional profits guidance a ‘blunt tool’ for assessing risk

Arrangements that fail to satisfy a gateway or fall into the higher risk zone under PCG 2021/4 may increase audit risk...

18 September 2023 • By Philip King

Technology

Vincents targets advice specialty at Qld start-ups

The brainchild of an undergrad accountant, the initiative will offer an “all-encompassing” advisory service to...

18 September 2023 • By Christine Chen

Tax

‘Depleted savings, credit card debt leave economy on last legs’

Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming...

15 September 2023 • By Philip King

Appointments

Stop underselling. Start running a more profitable firm. [CPD Webinar with...

Our #CallForChange movement is here!

15 September 2023 • By Ignition

Tax

$20k instant asset write-off to get 1-year extension

The amendment will hold off the threshold reverting to $1,000 until June 30 next year.

15 September 2023 • By Christine Chen

Super

Unusual investments driving SMSF audit delays, compliance risks

An increase in complex and related-party investments by SMSFs is slowing down the audit process and increasing the...

15 September 2023 • By Philip King

Technology

ATO, myGovID, banks, telecoms to rely more on facial recognition

Identity verification laws introduced this week will allow data matching systems to be developed by the...

15 September 2023 • By Philip King

Technology

How tax time highlights the need to jettison tradition

Accountants face their own productivity slump during the busiest time of year without the help of digitised systems.

15 September 2023 • By David Fitzgerald

Tax

Qld retreats from payroll tax on medical centre GPs

Treasurer promises ruling next week to confirm patient-to-GP payments will avoid the levy.

15 September 2023 • By Philip King

Regulation

Why accountants must be alert to shady green claims

Businesses increasingly market themselves as environmentally sound, but accountants must be aware of the risks and...

15 September 2023 • By Trevor Withane

Business

Business activity hits 7-year low, key indicators tumble

The latest data from CreditorWatch predicts rising insolvency rates over the next year, with food and beverage...

14 September 2023 • By Philip King

Appointments

CA ANZ pushes Canberra to address ‘critical accountant shortage’

The government must prioritise funding for accounting and finance courses with recent data indicating that accountant...

14 September 2023 • By Philip King