Regulation

Director disqualified for failure of 21 companies: ASIC

A NSW director owing over $21 million to the Tax Office has been disqualified by the corporate regulator for five years.

01 November 2024 • By Imogen Wilson

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Tax

Client dob-in provisions to spur disengagement considerations

There is some debate about how frequently tax practitioners (tax agents and BAS agents) may need to consider the...

01 November 2024 • By John Jeffreys, John Jeffreys Tax

Tax

Large corporations cough up $100bn in corporate tax

The Tax Office has revealed that it received $97.9 billion in income tax from large corporations in its tenth annual...

01 November 2024 • By Imogen Wilson

Tax

Is renting out a room in your home taxing?

Renting out a room in your home may seem innocuous but can result in some unexpected tax outcomes for those who are...

31 October 2024 • By Robyn Jacobson, The Tax Institute

Regulation

IGTO lists agent phone line as top review area

The registered agent phone line has been listed as a priority review area in the Inspector-General of Taxation's...

31 October 2024 • By Miranda Brownlee

Tax

UK tax changes a 'nightmare' for Aussies with UK investments: Pitcher Partners

Australians with UK investment portfolios could be at risk of inheritance tax, Pitcher Partners warns.

31 October 2024 • By Imogen Wilson

Business

Xero unveils winners of 2024 Beautiful Business Fund

Four Australian small businesses have been awarded a share of $180,000 for winning a position in the recent Xero...

31 October 2024 • By Imogen Wilson

Tax

Government’s super tax reforms ‘modestly’ reduce tax concessions: Assistant...

Assistant Treasurer Stephen Jones has said it is a fairer outcome if the government “modestly” reduces tax concessions...

31 October 2024 • By Keeli Cambourne

Regulation

Review makes recommendations to rectify ATO’s ‘clogged’ objection system

The Inspector-General of Taxation has called for simpler processes for amending past tax returns and for online...

31 October 2024 • By Miranda Brownlee

Business

From 4 Hours to 4 Minutes: Spire Accounting Streamlines Year-End Compliance

​​Spire Accounting slashed year-end compliance time from 4 hours to 4 minutes with QuickBooks Tax. See how automated...

30 October 2024 • By Intuit QuickBooks

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‘Changing the accounting game’ with AI: Intuit QuickBooks

Leveraging and adopting modern day technology such as AI in accounting firms could be the critical difference in...

30 October 2024 • By Julius Ponce

Regulation

TPB to set higher bar for top end of town with code changes

The TPB says it will adopt a pragmatic approach for smaller firms in response to the code changes while expecting a...

30 October 2024 • By Miranda Brownlee

Super

Anti-money laundering reforms need whole-of-government approach: SMSFA

The SMSF Association has urged the government to take a whole-of-government approach to consider all current and...

30 October 2024 • By Keeli Cambourne

Appointments

CA ANZ appoints new chief economist

The professional body has announced the appointment of its new chief economist, Professor Richard Holden.

30 October 2024 • By Imogen Wilson

Business

SME challenges to be left in ‘rear-view mirror’: NAB

The first cash rate cut will signify the start of a series of significant improvements in SME conditions, according to...

30 October 2024 • By Imogen Wilson

Business

Growing credit reliance reaches ‘concerning’ levels, data reveals

Persistent economic challenges have led to increased reliance on credit in the hospitality and retail sectors,...

30 October 2024 • By Imogen Wilson

Regulation

Application of Section 15 will be ‘rare for most practices’, says TPB

The TPB has sought to assure practitioners that the requirement to report false or misleading statements is unlikely...

29 October 2024 • By Miranda Brownlee

Business

Tougher illicit tobacco penalties to ensure ‘responsible’ SMEs

The NSW Small Business Commissioner has welcomed stronger enforcement against illegal tobacco sales.

29 October 2024 • By Imogen Wilson