Business

Some certainty on the small business instant asset write-off

Small businesses can now claim the $20,000 instant asset write-off for 2023–24 with certainty.

04 July 2024 • By Robyn Jacobson, The Tax Institute

more from tag

Regulation

Big 4 crusade could hurt high street accountants: CPA Australia

The accounting body says sweeping reforms in response to big four firms’ misconduct will burden smaller practitioners...

04 July 2024 • By Christine Chen

Business

Senate agrees to amendments to payment times bill

The amendments will see the regulator publish a list of fast small business payers as part of changes to the payment...

04 July 2024 • By Miranda Brownlee

Appointments

HLB Mann Judd, Pitcher Partners bolster partner ranks

The mid-tier firms have both made six appointments across their east coast advisory, audit, tax and finance practices.

03 July 2024 • By Christine Chen

Tax

CPA Australia seeks permanent $100k asset write-off to end uncertainty

The accounting body wants a permanent, five-fold increase to the scheme to boost small business investment.

03 July 2024 • By Christine Chen

Business

ATO portal’s 24-hour malfunction vexes tax agents

The disruption to online services used by practitioners on Monday coincided with reports of taxpayers waiting hours to...

03 July 2024 • By Christine Chen

Tax

ATO issues reminder on trust administration revamp

Changes that came into effect on 1 July aim to improve reporting and data accuracy and ease compliance.

03 July 2024 • By Christine Chen

Regulation

Police seize $12m in tobacco after joint operation with ATO

Authorities have estimated the haul is worth almost $9 million in lost tax receipts.

02 July 2024 • By Christine Chen

Business

125% foreign student visa fee hike to worsen accountant shortage

The move to ramp fees up has been labelled as “outrageous” and akin to Australia “shooting itself in the foot”.

02 July 2024 • By Christine Chen

Appointments

PwC names 22 partners in first intake since tax scandal

The firm has made its first appointments since 2023 to help deliver on its governance and accountability commitments.

02 July 2024 • By Christine Chen

Regulation

CA ANZ slams government’s ‘confused’ big 4 regulation paper

A recent Treasury paper has “confused rather than clarified” the state of big four audit regulation, the accounting...

02 July 2024 • By Christine Chen

Uncategorised

Navigating business debts as the ATO ramps up collection activity

The ATO’s tougher approach to debt collection means businesses must review their management of debts and look for...

01 July 2024 • By Julius Ponce

Business

$20k instant asset write-off passes lower house

It comes after the eleventh-hour passage of a bill that raised the threshold from $1,000 to $20,000 for FY24 last week.

01 July 2024 • By Christine Chen

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

Business

Airwallex posts 93% revenue surge in Australia

The payments platform attributes growth to strong product offerings and has flagged plans for further expansion.

01 July 2024 • By Christine Chen

Appointments

National Audits Group promotes 4 diverse auditors

The audit firm has promoted four multicultural auditors, including three women, in a diversity push.

01 July 2024 • By Christine Chen

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