Regulation

Accountants must prepare for anti-money laundering reforms now, warn experts

Accountants need to get on the front foot and prepare for the sweeping reforms in the Anti-Money Laundering and...

24 February 2025 • By Keeli Cambourne

more from tag

Tax

Doing the right thing: Division 7A and UPEs

A taxpayer has succeeded in the long-awaited Commissioner of Taxation v Bendel decision by the Full Federal Court.

21 February 2025 • By Paul Sokolowski & Timothy Graham, Arnold Bloch Leibler

Super

Commissioner flags 'heightened risk behaviours' with SMSFs as sector grows

The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of...

21 February 2025 • By Imogen Wilson

Super

Gen X, Millennials driving SMSF growth

Generation X and Millennials are driving the establishment of new SMSFs, according to the latest data from Class.

21 February 2025 • By Keeli Cambourne

Tax

ATO likely to face difficulties in appealing Bendel decision, says law firm

The Commissioner may seek special leave to appeal the Bendel decision but would face an "uphill battle" following a...

21 February 2025 • By Miranda Brownlee

Regulation

CA ANZ issues warning about oversight body merger

Excluding practising accountants from the proposed financial standards body is akin to having a medical standards...

21 February 2025 • By Miranda Brownlee

Tax

Political interest in overhauling tax residency laws has ‘disappeared’, says...

Neither major party appears to have much motivation for simplifying and fixing the tax residency laws despite previous...

20 February 2025 • By Miranda Brownlee

Tax

Inspector-General of Taxation welcomes grant of additional powers

The Inspector-General of Taxation and Tax Ombudsman has been granted new powers as part of the government’s response...

20 February 2025 • By Imogen Wilson

Super

SMSF Association celebrates $1tn milestone

The SMSF sector hit a key milestone in 2024, with total assets invested in SMSFs reaching $1 trillion.

20 February 2025 • By Imogen Wilson

Tax

Full Federal Court rules against ATO in Bendel decision

The court has handed down its decision on the Bendel case, dismissing the ATO’s appeal.

19 February 2025 • By Miranda Brownlee

Business

RBA rate cut hands NSW businesses $1.6bn lifeline

The RBA’s rate cut could result in a $1.6 billion boost and increase in consumer confidence for NSW businesses,...

19 February 2025 • By Imogen Wilson

Tax

Tribunal rules against tax agent in recent PAYG withholding case

A tax agent has lost an appeal to overturn administrative penalties in a case involving wages that were paid from the...

19 February 2025 • By Miranda Brownlee

Appointments

BDO bolsters risk advisory services with team expansion

BDO Australia has set its sights on expanding its risk advisory services with the appointment of two new partners.

19 February 2025 • By Imogen Wilson

Business

Boundaries the key to long term business success, says SME owner

Small practice owners should set clear business boundaries to succeed professionally and personally, the founder of...

19 February 2025 • By Imogen Wilson

Tax

Under the Hood: Let’s talk tax residency – part 1

Co-hosts Imogen and Lee-Ann bring on Michael Messner to UTH for a two-episode special focused on tax residency. An...

18 February 2025 • By Robyn Tongol

Business

RBA announces first interest rate decision for the year

The Reserve Bank has handed down its highly anticipated interest rate decision for February.

18 February 2025 • By Miranda Brownlee

Tax

SMSF sector cautiously optimistic Div 296 battle has been won

The SMSF sector is cautiously optimistic that the Better Targeted Superannuation Concessions Bill will lapse when the...

18 February 2025 • By Keeli Cambourne

Business

3 in 4 sole operators feel lonely and isolated, research reveals

Being your own boss can present significant personal challenges such as isolation, burnout and relationship struggles,...

18 February 2025 • By Imogen Wilson