Tax

NFPs urged to update associates, contacts ahead of new reporting

Non-charitable not-for-profit organisations must update any new associates and authorised contacts ahead of lodging...

14 May 2024 • By Miranda Brownlee

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Regulation

SMEs still unaware of payment times regime, government told

CA ANZ and CPA Australia have said there has been little improvement in actual payment times and the government should...

13 May 2024 • By Christine Chen

Regulation

Committee approves PwC reforms, downplays concerns of ‘chaotic’ agenda

The recommendation to pass the bill comes despite concerns over hefty new promoter penalties and a push to separate...

13 May 2024 • By Christine Chen

Business

Work/life balance trumps salary for accountants, Seek data shows

Job-hunting accountants value flexibility and the ability to work from home the most, while financial considerations...

13 May 2024 • By Christine Chen

Business

Senate committee gives $3m super tax bill the green light

The draft of the $3 million super tax legislation remains unchanged and will include the taxing of unrealised gains...

10 May 2024 • By Miranda Brownlee

Tax

Maximising tax benefits through giving structures

Charitable giving has always been a rewarding way to generate tax savings, but the impending tax changes present an...

10 May 2024 • By Rachael Rofe, APS Foundation

Super

Parliament intent on introducing badly designed law

The proposed additional tax on super balances above $3 million will add complexity and result in unintended outcomes...

10 May 2024 • By Miranda Brownlee

Technology

PKF launches software to ease burden of CPD management

The accounting firm has developed a Microsoft Outlook (Office 365) add-in enabling accountants to save hours of manual...

09 May 2024 • By Miranda Brownlee

Business

ATO urges professional firms to clean up distribution statements

Grant Thornton partner Paul Banister says the Tax Office’s most recent update suggests it is not getting the...

09 May 2024 • By Miranda Brownlee

Regulation

WA directors convicted for failing director ID requirements

Two Western Australian directors have been convicted in the Perth Magistrates Court and fined $5,000 for failing to...

09 May 2024 • By Miranda Brownlee

Tax

Service entities must face looming payroll tax issue ‘head on’, warns tax lawyer

Businesses such as medical practices should start reviewing their payment arrangements now with certain amnesties for...

09 May 2024 • By Miranda Brownlee

Tax

Victorian budget fails to save GP clinics from ‘payroll tax fiasco’

The Victorian government is facing renewed calls to address the “devastating patient tax” impacting clinics after the...

09 May 2024 • By Miranda Brownlee

Business

Coalition will oppose increase to sophisticated investor thresholds: Senator...

Shadow finance minister Jane Hume has expressed concern over Labor's proposed policies, which she believes will...

08 May 2024 • By Sinead Reilly

Business

ATO issues reminder on upcoming changes for trust tax returns

The ATO has outlined what types of information beneficiaries should be given to help them comply with their obligations.

08 May 2024 • By Miranda Brownlee

Tax

The latest on payroll tax and the issues impacting medical practices

Cooper Grace Ward Lawyers partner Sarah Lancaster provides an update on the payroll tax issues continuing to plague...

08 May 2024 • By Jessa Sargento

Business

RBA unlikely to change course until next year, economists predict

The Reserve Bank is expected to keep rates on hold until next year in order to retain strength in the labour market...

08 May 2024 • By Miranda Brownlee

Business

ASBFEO to be given additional powers in franchising reforms

The Australian Small Business and Family Enterprise Ombudsman will have the power to name and shame franchisors who...

08 May 2024 • By Miranda Brownlee

Tax

Business NSW calls for federal review to end payroll tax, stamp duty

Business NSW has called for a major review and overhaul of Australia's tax system by the government.

07 May 2024 • By Miranda Brownlee