Regulation

Anti-money laundering bill to place further burden on accountants, warns CPA

The professional body is disappointed by the limited consultation undertaken on the significant and complex changes...

12 September 2024 • By Imogen Wilson

more from tag

Business

ATO calls out tax advisers still making ‘basic’ errors

A new private wealth adviser program is targeting practitioners and firms at risk of passing bad habits onto clients.

11 September 2024 • By Christine Chen

Tax

Code changes set to proceed after failed disallowance motion

A motion to disallow the code changes for tax agents has failed in the Senate after the Greens and senator David...

11 September 2024 • By Imogen Wilson

Technology

ACCI report reveals AI adoption will push SMEs to ‘thrive’

Research by the business advocate has revealed SME owners could harness a wider scope of opportunities through AI...

11 September 2024 • By Imogen Wilson

Business

3 ways accounting firms can improve their data security

Data breaches threaten your clients’ financial wellbeing, posing a daunting challenge for many firms. Here are 3 ways...

10 September 2024 • By SuperRecords

Regulation

Disallowance motion on code changes voted down in Senate

A motion to disallow the code changes for Tax Agents has failed to succeed in the vote held in the Senate today.

10 September 2024 • By Miranda Brownlee

Tax

Taxpayer ordered to pay $24.4m to ATO over unpaid tax debts

The Supreme Court of NSW has ordered a taxpayer to pay the ATO over $24 million in relation to unpaid income tax and...

10 September 2024 • By Miranda Brownlee

Tax

ATO offers guidance to NFPs on assessing charitable purposes

The ATO has provided tips for not-for-profit organisations that are uncertain if they meet the requirements to be...

10 September 2024 • By Imogen Wilson

Tax

Joint bodies continue support for disallowance motion on TASA changes

Professional bodies have warned that fixing the code changes will require considerable work ahead of today’s vote on...

10 September 2024 • By Imogen Wilson

Super

ATO SMSF auditor referrals see slight uptick for FY23–24

The Tax Office has announced 45 auditors of self-managed super funds were referred to ASIC during the 2023–24...

10 September 2024 • By Imogen Wilson

Regulation

‘You will be caught’ over NDIS fraud, Shorten warns tax agents

A multi-agency crackdown is underway to stop dodgy actors from stealing money through false claims and inflated...

09 September 2024 • By Christine Chen

Regulation

ATO rules out simplifying NFP rules despite ‘pockets of confusion’

The Tax Office insists the process for lodging annual self-reviews is “basic” and “not that hard”.

09 September 2024 • By Christine Chen

Business

Mental health of SME owners in rapid decline, research reveals

Australian SME owners are feeling the pressure and are overwhelmed trying to navigate the current challenges of the...

09 September 2024 • By Imogen Wilson

Business

Cost-of-living crisis spurs ‘side hustle’ culture: Great Southern Bank

Around two-thirds of home owners with a mortgage have started or are considering a second job or hobby business to...

09 September 2024 • By Imogen Wilson

Tax

What PCG 2024/D2 means for small businesses

Thousands of small businesses could be hit with higher tax following the recent ATO guideline.

06 September 2024 • By John Jeffreys, John Jeffreys Tax Pty Ltd

Technology

Strategies and guidance for the next generation of accounting professionals

Partner and director of Accru Felsers, Steven Zabeti, shares key lessons and insights from his long and successful...

06 September 2024 • By Accru Felsers

Super

Little progress on superannuation and other measures

Crucial time is passing as the industry waits to see whether laws will be passed to enact the proposed Division 296...

06 September 2024 • By Robyn Jacobson, The Tax Institute

Technology

Grant Thornton urges businesses to adapt to changing financial landscape

The transition to real-time instant payments in Australia is another element businesses need to effectively tackle in...

06 September 2024 • By Imogen Wilson