Business

No trust variation power? No worries

A recent decision provides further lessons regarding trust instruments with no power or inadequate power to vary.

16 December 2024 • By Matthew Burgess, View Legal

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Business

Retail and hospitality to recover from sales slump, data reveals

The retail and hospitality sectors are set to bounce back as the festive season kicks off, according to recent data...

16 December 2024 • By Imogen Wilson

Technology

Tax Office issues cyber warning for tax professionals

Tax professionals must ensure the security of their business premises, client information and digital resources over...

16 December 2024 • By Imogen Wilson

Regulation

TPB to step up fight against ‘high risk’ unregistered agents

The regulator will use all of its powers and engage the AFP to track down rogue practitioners, chairman Peter de Cure...

13 December 2024 • By Christine Chen

Business

Consumers warned to avoid post-Christmas ‘spending hangover’

Australian consumers are set to spend an average of $800 each to fund Christmas gifts, holidays and celebrations,...

13 December 2024 • By Imogen Wilson

Business

Survey reveals critical lack of tax knowledge among professionals

Tax professionals lack thorough tax education with 72 per cent revealing their university degree left them...

13 December 2024 • By Imogen Wilson

Tax

ATO issues alert on guarantee arrangements and Division 7A

A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for...

13 December 2024 • By Miranda Brownlee

Tax

Lessons from the landmark Cheung case

The recent decision, Cheung v Commissioner of Taxation, reaffirms the principle that familial gifts, when...

12 December 2024 • By John Jeffreys, John Jeffreys Tax

Business

2024: The year in review

Reflecting on the major tax developments of 2024 and looking ahead to 2025.

12 December 2024 • By Robyn Jacobson, The Tax Institute

Regulation

ATO cracks down on advisers abusing tax breaks for start-ups

Advisers are exploiting the early-stage investor tax offset through dodgy circular financing arrangements, the ATO has...

12 December 2024 • By Christine Chen

Business

Victorian business confidence and investment at all-time low

CPA Australia has advised the Victorian government to take more substantial action in the fight for business...

12 December 2024 • By Imogen Wilson

Business

Cash flow concerns a nightmare for Aussie SMEs: NAB

Cash flow remained the top concern for small business owners throughout Q3, according to NAB’s SME Business Insights.

12 December 2024 • By Imogen Wilson

Tax

ATO to home in on incorrect tax residency claims

The Tax Office has revealed a proportion of private group taxpayers were found to be incorrectly lodging as...

12 December 2024 • By Imogen Wilson

Business

Revolutionising Tax and BAS Returns: Intuit QuickBooks Tax Simplifies...

Discover how Lucas & Co transformed their financial reporting with QuickBooks Tax, adding $100,000 to their bottom...

11 December 2024 • By Intuit QuickBooks

Regulation

ATO to launch dob-in tool for tax agents to report clients

The digital platform will support compliance with new TASA code obligations requiring practitioners to report clients...

11 December 2024 • By Christine Chen

Business

Aussie SMEs in critical need of debt support, data reveals

Australian small businesses need help with managing and understanding their business debt, according to research from...

11 December 2024 • By Imogen Wilson

Regulation

Tax Office flags concerns with related-party financing in construction

The ATO has raised concerns about some businesses claiming excessive debt deductions and shifting profits overseas in...

11 December 2024 • By Miranda Brownlee

Business

SME cash flow confidence for 2025 is on the rise, Zoho reveals

Australian small businesses are predicting an increase in their cash flow over the next three to 12 months despite...

11 December 2024 • By Imogen Wilson