Regulation

Dob-in window ‘nearly impossible’ for practitioners, joint bodies warn

A submission to the TPB says the 30-day time frame needs to be extended to at least three months amid heavy workloads...

05 June 2024 • By Christine Chen

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Super

Div 296 tax carve outs include special super interests

It has already been revealed that there will be some superannuation members who will be excluded from Division 296,...

04 June 2024 • By Keeli Cambourne

Technology

Accounting tech wrap for April and May

Heather Smith and Tyler Caskey delve into the latest features, integrations and developments across QuickBooks, MYOB...

04 June 2024 • By Robyn Tongol

Regulation

TPB bans agent for misappropriating $2.5m in client funds

The TPB has terminated a tax agent’s registration after allegedly misappropriating more than $2.5 million in client...

04 June 2024 • By Miranda Brownlee

Business

Forvis Mazars merger to transform global accounting network

The merging of two powerhouse professional services organisations is set to shake up the global industry and transform...

04 June 2024 • By Miranda Brownlee

Regulation

IPA calls for 6-month delay to dob-in obligations

The 1 July 2024 start date does not provide sufficient time for the TPB’s guidance to be finalised and communicated to...

04 June 2024 • By Miranda Brownlee

Regulation

Practitioners ‘taken by surprise’ by breach reporting requirements, says CPA

The TPB has assured tax practitioners that it will take a transitional approach with the breach reporting requirements...

03 June 2024 • By Miranda Brownlee

Tax

ATO flags critical considerations with family trust elections

Family trust elections and interposed entity elections “should not be set and forget” by trustees or their tax...

03 June 2024 • By Miranda Brownlee

Tax

Taxpayers warned on risks with rushed tax returns

CPA Australia says cost of living pressures may drive some taxpayers to rush their return this year to receive an...

02 June 2024 • By Miranda Brownlee

Tax

Lawyer issues reminder on tax risks with UPEs

Unless carefully managed, unpaid present entitlements (UPEs) and beneficiary accounts in family/discretionary trusts...

31 May 2024 • By Keeli Cambourne

Business

Xero Users Discover The QBO Grass is Actually Greener

Intuit QuickBooks are Turning Heads with Constant Innovation and Surprising Affordability.

31 May 2024 • By Intuit QuickBooks

Super

3 strikes don’t automatically mean you’re out as an SMSF trustee

A recent court decision has highlighted that there are nuances that can determine whether breaches of an SMSF...

31 May 2024 • By Matthew Burgess, View Legal

Regulation

ASIC pushes for new penalties for misuse of accountants’ certificates

The corporate regulator wants to see penalties and sanctions applied where the certificates are misused for...

31 May 2024 • By Miranda Brownlee

Business

SME employee growth rate on ‘downwards slope’, recent data reveals

The year-on-year employee growth rate for small business has halved since April last year, according to the latest...

31 May 2024 • By Miranda Brownlee

Super

Downsizer contributions can be time critical

With the expansion of the downsizer contribution, the timing of when it is used can affect how to use non-concessional...

30 May 2024 • By Miranda Brownlee

Tax

ATO releases decision impact statement on Minerva decision

The decision does not change the Tax Commissioner’s view that schemes that include a trustee’s exercise of discretion...

30 May 2024 • By Miranda Brownlee

Regulation

Qld women sentenced over illegal COVID-19 scheme claims

Three Queensland women who illegally attempted to access superannuation payments under a federal government COVID-19...

30 May 2024 • By Miranda Brownlee

Business

Payment Times bill introduced into Parliament

The Minister for Small Business says the reforms will provide a “shot in the arm” for small business with faster...

30 May 2024 • By Miranda Brownlee