Tax

Where the Guardian appeal was won and lost

The court’s decision highlighted the differences between s100A and Part IVA.

08 February 2023 • By Jeremy Makowski

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Regulation

Wesfarmers’ subsidiaries to back pay over $4.8m

Nine ancillary firms have entered into an enforceable undertaking after underpaying more than 3,400 employees.

07 February 2023 • By Josh Needs

Technology

Does ChatGPT have any of the answers for accounting?

Bot and AI systems should be exploited by practices to improve efficiency, say experts.

07 February 2023 • By Josh Needs

Business

Small business relying more heavily on accountants: Xero

Survey finds more practices support their clients with wide-ranging advice as a result of deeper ties forged during...

07 February 2023 • By Philip King

Tax

S100A rules to ‘double the price’ of trust distribution work

A sequence of documents will be required to avoid raising red flags with the ATO, says Change GPS.

07 February 2023 • By Philip King

Business

Better the devil you know for employees with recession fears

Economic uncertainty is causing staff to strive for promotion with their current employer rather than look elsewhere.

07 February 2023 • By Josh Needs

Appointments

Accountants ‘slowest’ to dip toes in offshore staff market

Unwarranted concerns about data security mean tax agents are missing a trick compared with other finance...

06 February 2023 • By Philip King

Tax

ATO plans publicity campaign for final WFH guidance

More demanding record-keeping requirements in the November draft have been in place since 1 January.

06 February 2023 • By Philip King

Appointments

Class brings back former business development manager

He returns to the same role after spending three years as head of sales at a superannuation firm.

06 February 2023 • By Josh Needs

Business

Cathro to help navigate through economic ‘perfect storm’

Advisory division will aim to assist government agencies and accountants in lessening the impact of business collapses.

06 February 2023 • By Philip King

Tax

Why concerns linger over s100A final ruling

The ATO improves its guiding documents on trust distributions, but too much remains uncertain.

03 February 2023 • By Robyn Jacobson

Regulation

ATO pursues sham not-for-profits set up to dodge tax

The office has been tipped off that “private foundations” are being created to take advantage of charitable concessions.

03 February 2023 • By Philip King

Regulation

AFP swoops on $150m money laundering operation

Nine charged in Sydney raids for allegedly filtering the proceeds from international crime on an “industrial scale”.

03 February 2023 • By Philip King

Appointments

HLB Mann Judd appoints tax consulting partner

Promotion for Sydneysider comes after joining as a graduate and gaining experience with an HLB member overseas.

03 February 2023 • By Josh Needs

Business

‘Values-based capitalism’ needs quid pro quo for business

For banks and super to support a social impact fund, the Treasurer must ensure the private sector can still meet its...

03 February 2023 • By Josh Needs

Super

Why you need an A-Z of super contributions for the new year

As clients make fresh resolutions to save more for retirement, make sure you understand the rules regarding...

02 February 2023 • By Graeme Colley

Tax

‘Erratic’ valuation increases trigger huge leaps in NSW land tax

Small rises in the tax thresholds combined with much higher land assessments will hit family investors hardest,...

02 February 2023 • By Josh Needs

Business

Expansion strategy fuels 42% rise in Kelly Group revenue

The specialist accounting company believes global expansion is vital and has a revenue goal of $100 million “in the...

02 February 2023 • By Philip King