Tax

Tax practitioners warned on emerging issues with family trust elections

A tax specialist has flagged some of the practical problems arising with family trust elections and family trust...

24 May 2025 • By Miranda Brownlee

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Business

Experts outline business preparation for looming code obligations

Businesses and tax practitioners have been urged to ensure they have effective quality management systems in place as...

23 May 2025 • By Imogen Wilson

Tax

Poor succession planning exposing private groups to major tax bills: ATO

Privately owned and wealthy groups are increasingly being hit with unexpected tax consequences as the Tax Office homes...

23 May 2025 • By Miranda Brownlee

Tax

ATO issues EOFY checklist to trustees

The Tax Office has created a checklist to help trustees avoid basic trust errors with the 30 June deadline for trust...

23 May 2025 • By Miranda Brownlee

Business

Cash flow issues, inflation still plaguing businesses, NAB survey finds

Cash flow is the number one concern keeping small and medium business owners awake at night, a survey has found.

22 May 2025 • By Emma Partis

Tax

Issues with family trust distribution tax on the rise, ATO warns

Inadequate record keeping and succession planning can increase the risk of family trust distributions tax, the ATO has...

22 May 2025 • By Miranda Brownlee

Super

Div 296 to drive surge in administration, audit costs: IPA

The complexities with calculating the new super tax for funds with defined benefits or those with illiquid assets will...

22 May 2025 • By Miranda Brownlee

Business

Victorian budget proves ‘controversial’ for SME community

The release of the Victorian budget is set to leave struggling businesses without the tax relief they desperately want...

22 May 2025 • By Imogen Wilson

Business

Less commute, more coffee: inside an accounting firm’s caffeinated recruitment...

As the accounting shortage continues to worsen, one firm in Sydney’s Northern Beaches has taken an unconventional...

21 May 2025 • By Emma Partis

Business

Accounting fees climb amid rising business costs, report finds

Most accounting firms plan to increase their prices this year as rising business costs and growing regulatory...

21 May 2025 • By Emma Partis

Technology

ATO claims online systems are ‘secure and resilient’

The Tax Office has reassured taxpayers its systems have not been hacked, despite media reports claiming otherwise.

21 May 2025 • By Imogen Wilson

Regulation

TPB urges small firms to prepare for new code obligations

Small accounting firms should begin reviewing their procedures and practices to ensure they comply with the eight new...

21 May 2025 • By Miranda Brownlee

Business

Rate cut offers relief but won't resolve productivity crisis: CPA

The 25 basis point cut to interest rates provides relief for households and businesses but does not address...

21 May 2025 • By Imogen Wilson

Tax

Under the Hood: Are you an ‘accidental leader’?

On this episode of UTH, Imogen is joined by Kylie Denton, director of Performance Advisory Group, to chat about...

20 May 2025 • By Robyn Tongol

Business

RBA announces cut to interest rates

The Reserve Bank has decided to reduce the cash rate target following its latest board meeting.

20 May 2025 • By Miranda Brownlee

Business

Gap between employer and employee flexibility expectations is widening, survey...

There is a widening chasm between employer and employee expectations on workplace flexibility, with implications for...

20 May 2025 • By Emma Partis

Business

Tax expert slams NSW government over ‘sloppy’ communications on IAWO

Recent email communications to small business owners contain misleading and inaccurate statements about the instant...

20 May 2025 • By Imogen Wilson

Tax

Super tax will haunt government: Spender

The proposed $3 million super tax is a “dangerous” policy for the government to pursue, teal MP Allegra Spender has...

20 May 2025 • By Keeli Cambourne