Super

Government makes move to bolster retirement phase of super

The government announced it has committed to improving the retirement phase of the super system for all Australians...

22 November 2024 • By Imogen Wilson

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Business

AuditCover and NTAA announce strategic distribution agreement

AuditCover has revealed a new partnership with the National Tax and Accountants’ Association to give members...

21 November 2024 • By Imogen Wilson

Tax

Julie Collins rejects liquidity concerns relating to super changes, family farms

The Minister says super funds should already have sufficient liquidity to meet existing or prospective liabilities in...

21 November 2024 • By Keeli Cambourne

Super

Most pre-retirees in the dark on Div 296, report finds

Over 80 per cent of Australians aged 51 to 65 are unprepared for the looming tax on big super balances, according to...

20 November 2024 • By Christine Chen

Business

ATO issues reminder to tax agents as government phases out cheques

The Tax Office has told practitioners to ensure client bank details are included in every lodgment to help with the...

20 November 2024 • By Christine Chen

Tax

SMEs must be aware of CGT obligations, cautions tax expert

Capital gains tax continues to be the most common tax trap for Australian small businesses due to its broad scope, a...

20 November 2024 • By Imogen Wilson

Super

Tax Office issues 8,710 DPNs over unpaid super in 2023–24

The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in...

20 November 2024 • By Miranda Brownlee

Tax

Welcome to Under the Hood

UTH has been launched to provide more technical insight and discussion into the accounting industry’s ins and outs.

19 November 2024 • By Robyn Tongol

Regulation

Government issues consultation to crack down on ‘dodgy business practices’

The Albanese government announced it will be banning “dodgy” business practices that continuously rip off Australians...

19 November 2024 • By Imogen Wilson

Business

ASBFEO launches SME guide to help tackle debt

The Ombudsman has issued a guide to help Australian small businesses navigate the challenges of paying or collecting a...

19 November 2024 • By Imogen Wilson

Regulation

Government cautioned on penalty proposal for accountants’ certificates

The professional bodies have raised concerns about ASIC’s proposal to impose new penalties for the misclassification...

19 November 2024 • By Miranda Brownlee

Business

Anti-money laundering bill receives green light

A Senate committee has concluded that the bill to implement changes to the anti-money laundering and counter-terrorism...

19 November 2024 • By Miranda Brownlee

Regulation

Too soon for more promoter penalty changes: CPA Australia

Advisers still need time to adapt to reforms to the regime’s scope and penalties that kicked in just six months ago,...

18 November 2024 • By Christine Chen

Regulation

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

Recommendations from the consulting inquiry focused on whistleblowing, partnerships, large firms and consultants will...

18 November 2024 • By Miranda Brownlee

Tax

Reliance on bracket creep risks record-high income taxes

The budget is becoming increasingly reliant on bracket creep as Commonwealth revenue from fuel and excise levies...

18 November 2024 • By Christine Chen

Tax

How can we support accountants in 2025?

ChangeGPS general manager and popular accountant advocate, David Boyar, jumps onto AD Insider to share his views and...

15 November 2024 • By Robyn Tongol

Business

Stark reminder: original trust deeds matter

As specialist advisers generally understand, one of the key – if not the key – trustee duties of any form of trust is...

15 November 2024 • By Matthew Burgess, View Legal

Technology

Embracing the AI revolution

While the term ‘artificial intelligence’ may conjure up dramatic images, it offers practical applications such as...

15 November 2024 • By Olivia Long, SMSFAI