Tax

Tax fraud crimes to be repaid with diamonds: AFSA

An auction of luxury goods forfeited in Operation Elbrus is set to filter millions of dollars back into Australia,...

29 October 2024 • By Imogen Wilson

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Regulation

Canberra unveils major $14.7m scam compensation pathway

The funding package will expand AFCA’s remit to act as a “single door” of redress for victims.

28 October 2024 • By Christine Chen

Business

Xero appoints new managing director

The software firm has announced Angad Soin as its new managing director for Australia and New Zealand, effective...

28 October 2024 • By Imogen Wilson

Tax

1 in 3 crypto owners confused about tax, study reveals

Australian cryptocurrency owners need to be aware of their profits and whether they incur tax, experts have warned.

28 October 2024 • By Imogen Wilson

Business

TPB puts 7k tax agents on notice over outstanding debts, lodgments

Tax practitioners with outstanding obligations have been warned to get their tax affairs in order with the ATO and TPB...

28 October 2024 • By Miranda Brownlee

Regulation

Opportunity to rectify problematic PSI rules slipping past

The submissions in response to PCG 2024/D2 only lightly address the major concerns surrounding the PSI legislation and...

25 October 2024 • By John Jeffreys, John Jeffreys Tax

Regulation

FWO forces big business to hand back $473m in unpaid wages

The watchdog also secured a record $21.2 million in court-ordered penalties in the past financial year.

25 October 2024 • By Christine Chen

Business

Businesses ghosting the ATO targeted in debt collection blitz

Clients failing to engage must “act now” or face rapid escalation of enforcement action, the Tax Office has warned...

25 October 2024 • By Christine Chen

Business

Accounting firms advised on starting points for tackling TASA changes

Updating engagement letters, improving due diligence with new clients and capacity planning are some of the areas...

25 October 2024 • By Miranda Brownlee

Regulation

TPB issues draft guidance on Code Determination

The Tax Practitioners Board has released draft policy guidance on the Code Determination for tax agents and is seeking...

24 October 2024 • By Miranda Brownlee

Uncategorised

Changing the Game report

In today’s rapidly changing landscape, technology plays a crucial role in the accounting profession. Intuit QuickBooks...

24 October 2024 • By Julius Ponce

Regulation

ATO taskforces continue illicit tobacco hunt with 27 warrants

Eight people from Victoria have been charged with Commonwealth offences for involvement in an illicit tobacco...

24 October 2024 • By Imogen Wilson

Tax

Proposed GIC deduction changes cop further backlash

Reforms to remove deductions for the general interest charge will disproportionately impact small businesses already...

24 October 2024 • By Miranda Brownlee

Business

Government to further extend SME cyber support

The Albanese government has announced the launch of the Small Business Cyber Resilience Service.

24 October 2024 • By Imogen Wilson

Business

Ban on interest charge deductions may deter tax compliance: expert

Treasury’s crackdown on GIC and SIC deductions could hurt small firms and discourage engagement with the ATO,...

23 October 2024 • By Christine Chen

Business

Taxpayers put on notice over last-minute returns

Individuals are more likely to cut corners and fall victim to fraudsters as the October deadline nears, CPA Australia...

23 October 2024 • By Christine Chen

Business

Companies Auditors Disciplinary Board adds 3 new members

The government has announced the appointment of three part-time accounting members to the Companies Auditors...

23 October 2024 • By Imogen Wilson

Business

PCG 2024/D2 fails to reflect ‘commercial reality’, joint bodies warn

Many of the examples included in the ATO’s draft guidance on personal services businesses and Part IVA do not reflect...

23 October 2024 • By Miranda Brownlee