Regulation

‘Don’t panic’ over new reporting rules, ATO tells NFPs

Thousands of not-for-profits will need to lodge annual self-reviews from 1 July to keep their tax-exempt status.

01 July 2024 • By Christine Chen

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Business

Essential planning tips for the new financial year

With the new financial year almost upon us, it is critical for business owners to move past EOFY and get their heads...

28 June 2024 • By Michael Jeffriess, LightYear Group

Tax

PepsiCo wins appeal against Commissioner of Taxation

PepsiCo has successfully appealed a Federal Court finding that it was liable for royalty withholding tax payments.

28 June 2024 • By Naomi Neilson

Business

Air Accounting taps into e-commerce with Bean Ninjas partnership

The deal follows the acquisition of speciality hospitality accountants Cafe Bookkeepers last year.

28 June 2024 • By Christine Chen

Appointments

‘Bullish’ Moore Australia shakes up leadership team

The changes are in anticipation of a year of growth ahead, driven by a shift from the big four to the mid-market, the...

28 June 2024 • By Christine Chen

Tax

Court rejects taxpayer’s attempt to pay $45k ATO debt with $47 cheque

Mesha Feet attempted to pay its debts with unconventional methods and then fined the Tax Office for failing to respond.

28 June 2024 • By Christine Chen

Business

Government ‘unfairly’ refuses to refund on-hold debts paid to ATO

The Greens say the government has “shafted” the taxpayers who complied with the Tax Office's controversial campaign.

27 June 2024 • By Christine Chen

Business

Small business slams ‘absurd’ 11th-hour passage of tax breaks

The $20,000 instant asset write-off and small business energy benefits passed Parliament on Tuesday more than a year...

27 June 2024 • By Christine Chen

Tax

ATO’s outdated estate rules cause delays, confusion

The Tax Office has left issues dating back to 2011 unaddressed, the Tax Institute says.

27 June 2024 • By Christine Chen

Appointments

KPMG announces over 50 partner promotions

The big four firm has announced 52 new partners across various divisions, despite recent job cut announcements.

27 June 2024 • By Jack Campbell

Tax

Streamline Your Year-End Tax Reviews With This Free Tool

Discover why accountants and bookkeepers are raving about ‘Prep for Taxes’.

26 June 2024 • By Intuit QuickBooks

Business

Consultant boom threatens accounting sector, expert says

The Benchmarking Group says consultants are filling the demand for advisory work and presenting a more attractive...

26 June 2024 • By Christine Chen

Business

Payment Times Reporting Bill enters the Senate

Measures to name and shame large businesses that are slow to pay small businesses have been introduced into the Senate...

26 June 2024 • By Christine Chen

Super

Family trust elections in ATO sights

The ATO is “cracking down” on family trust elections, warns a leading legal specialist.

26 June 2024 • By Keeli Cambourne

Tax

Victoria’s ‘hibernating’ property tax could rival GST in impact

Mixed-use properties, fractional shares, consolidations and landholder transactions will all be caught up by the...

26 June 2024 • By Christine Chen

Technology

Digitisation a boon for productivity in cost-of-living crisis: MYOB

A survey by the accounting software company has found that 40 per cent of SMEs that digitised more operations in the...

25 June 2024 • By Christine Chen

Appointments

Former UK tax commissioner named next IGTO

Ruth Owen will replace outgoing tax ombudsman Karen Payne on 15 July.

25 June 2024 • By Christine Chen

Business

ATO whistleblower prosecution to have ‘chilling effect’

The Human Rights Law Centre says the government must strengthen protections in the wake of Richard Boyle’s failed...

25 June 2024 • By Christine Chen