Tax

Accountants warned on rising bankruptcies linked to Division 7A

A spike in bankruptcies as a direct result of director loans has led to concerns that clients may not fully understand...

08 November 2019 • By Jotham Lian

more from tag

Appointments

Findex appoints leading HR executive

A former major bank executive has been appointed as the new chief people officer at Findex.

07 November 2019

Regulation

Inquiry mute on dedicated compensation for ATO outages

Accountants hoping for easier access to compensation for major ATO system outages have had their hopes all but dashed,...

05 November 2019

Business

Regular accountant contact vital for millennial business owners

More than one in two millennial business owners are on the lookout for a new accountant or bookkeeper, with infrequent...

04 November 2019

Business

ATO’s $45bn debt book, deceased estates, to undergo IGTO scrutiny

The Inspector-General of Taxation and Taxation Ombudsman has launched an investigation into the ATO’s $45 billion debt...

01 November 2019

Regulation

‘The time has come’: Joint accounting bodies lobby for regulatory framework...

Australia’s three major professional accounting bodies have now re-established the joint accounting bodies alliance in...

31 October 2019

Business

Price caps revealed for first home buyers scheme

Properties up to the value of $700,000 will be covered by the First Home Loan Deposit Scheme for new buyers in...

29 October 2019 • By Grace Ormsby

Tax

Steer clear of managing tax affairs cap, government told

Caps on specific deductions, such as the deduction for the cost of managing tax affairs, are “selective and...

28 October 2019 • By Jerome Delos Santos

Business

Business $10k cash limit bill progresses

The government has released draft rules on a controversial bill that will criminalise business cash payments above...

28 October 2019

Tax

‘Not sustainable’: FWO criticises businesses for under-resourcing payroll

A recent spike in businesses confessing to underpayments and compliance issues has highlighted how employers have...

28 October 2019

Technology

How technology is shaping the firm of the future

Promoted by CPA Australia. A new report from CPA Australia shines a light on the impact of technology on public...

25 October 2019 • By CPA Australia

Regulation

‘Community expectations have changed’: TPB signals new regulatory focus

Tax agent terminations spiked by 208 per cent in the last financial year, with complaints and referrals increasing by...

25 October 2019

Tax

1 in 4 complaints about ATO debt collection: IGTO

The ATO’s debt collection tactics continue to form the bulk of complaints received by the Taxation Ombudsman, giving...

25 October 2019 • By Jemelle Blanco

Business

‘For God’s sake, leave super alone!’: Bill Kelty

One of the architects of the Australian superannuation system has slammed the Morrison government’s inquiry and urged...

25 October 2019

Business

Capitalising the balance sheet: AASB 16 sets a new standard for leases

Promoted by Thomson Reuters. With the introduction of the new AASB 16 Leases, lessees are now required to account for...

24 October 2019 • By Thomson Reuters

Business

How STP will and probably already is affecting your accounting firm and your...

Promoted by Accountancy Insurance. The first Single Touch Payroll (STP) deadline effectively passed on 28 October...

23 October 2019 • By Accountancy Insurance

Technology

‘Obligation to be 24/7’: ATO pressed to reduce maintenance downtime

The ATO has recorded a 99.5 per cent digital system availability result for the last financial year, but frustrations...

23 October 2019 • By Jemelle Blanco

Regulation

CA ANZ, CPA reveal advice advocacy plans

Chartered Accountants Australia and New Zealand and CPA Australia have provided further details on their plans to...

23 October 2019 • By Sarah Kendell