Super

Most pre-retirees in the dark on Div 296, report finds

Over 80 per cent of Australians aged 51 to 65 are unprepared for the looming tax on big super balances, according to...
20 November 2024 • By Christine Chen

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Super

Tax Office issues 8,710 DPNs over unpaid super in 2023–24

The Tax Office finalised 23,600 super guarantee cases during the 2023–24 financial year, resulting in $659 million in...
20 November 2024 • By Miranda Brownlee
Tax

Welcome to Under the Hood

UTH has been launched to provide more technical insight and discussion into the accounting industry’s ins and outs.
19 November 2024 • By Robyn Tongol
Regulation

Government cautioned on penalty proposal for accountants’ certificates

The professional bodies have raised concerns about ASIC’s proposal to impose new penalties for the misclassification...
19 November 2024 • By Miranda Brownlee
Regulation

Government issues consultation to crack down on ‘dodgy business practices’

The Albanese government announced it will be banning “dodgy” business practices that continuously rip off Australians...
19 November 2024 • By Imogen Wilson
Business

ASBFEO launches SME guide to help tackle debt

The Ombudsman has issued a guide to help Australian small businesses navigate the challenges of paying or collecting a...
19 November 2024 • By Imogen Wilson
Business

Anti-money laundering bill receives green light

A Senate committee has concluded that the bill to implement changes to the anti-money laundering and counter-terrorism...
19 November 2024 • By Miranda Brownlee
Regulation

Too soon for more promoter penalty changes: CPA Australia

Advisers still need time to adapt to reforms to the regime’s scope and penalties that kicked in just six months ago,...
18 November 2024 • By Christine Chen
Regulation

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

Recommendations from the consulting inquiry focused on whistleblowing, partnerships, large firms and consultants will...
18 November 2024 • By Miranda Brownlee
Tax

Reliance on bracket creep risks record-high income taxes

The budget is becoming increasingly reliant on bracket creep as Commonwealth revenue from fuel and excise levies...
18 November 2024 • By Christine Chen
Tax

How can we support accountants in 2025?

ChangeGPS general manager and popular accountant advocate, David Boyar, jumps onto AD Insider to share his views and...
15 November 2024 • By Robyn Tongol
Business

Stark reminder: original trust deeds matter

As specialist advisers generally understand, one of the key – if not the key – trustee duties of any form of trust is...
15 November 2024 • By Matthew Burgess, View Legal
Technology

Embracing the AI revolution

While the term ‘artificial intelligence’ may conjure up dramatic images, it offers practical applications such as...
15 November 2024 • By Olivia Long, SMSFAI
Business

Xero flexes pricing power as profits soar 76%

The accounting tech giant’s shares hit a record high after latest earnings showed strong demand for its software...
15 November 2024 • By Christine Chen
Tax

Looming election to offer reprieve from regulatory uncertainty

Accountants may be spared from further reforms in 2025 with the Federal Election expected to occur by May, according...
15 November 2024 • By Imogen Wilson
Appointments

CA ANZ member appointed to IFAC as deputy president

CA ANZ has welcomed the election of Taryn Rulton as the International Federation of Accountants’ new deputy president.
15 November 2024 • By Imogen Wilson
Tax

ITECA pushes for tax changes to student loans

The government’s student debt reduction initiative is set to fail students who will still be required to pay student...
14 November 2024 • By Imogen Wilson
Regulation

14k NFPs lodge first self-review return

The ATO has addressed emerging concerns about the new reporting for NFPs and provided tips for lodgment as the...
14 November 2024 • By Miranda Brownlee