Regulation

Proposed ATO penalty regime faces backlash

The government is unlikely to confer new powers to the ATO to allow it to impose administrative penalties on tax...

27 January 2021

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Tax

ATO pushed to ensure pro-bono tax clinics don’t crowd out practitioners

Tax clinics providing free support to vulnerable taxpayers should continue to be a feature of the tax system, but...

22 January 2021

Business

Small businesses lay bare funding frustrations as cash flow storm looms

Loan conditions and collateral guarantees continue to be major stumbling blocks for small businesses looking to access...

21 January 2021

Business

NSW opens Dine & Discover voucher registrations for businesses

Hospitality, arts and tourism businesses in New South Wales can now register for the state government’s voucher...

20 January 2021

Business

Super Retail Group hands back $1.7m in JobKeeper subsidies

Super Retail Group will follow Toyota Australia in voluntarily repaying $1.7 million in JobKeeper payments after...

19 January 2021

Business

Ombudsman pushes for HECS-style loans for small businesses

The small business ombudsman has called for the government to introduce a revenue-contingent loan program to help...

15 January 2021

Regulation

‘No demand shortage’: Predictions for the profession in 2021

Accounting professionals are likely to remain in hot demand over the coming year as they continue to play a pivotal...

14 January 2021

Regulation

Liquidator sees registration suspended after AAT review

A registered liquidator has succeeded in reducing his banning order following a review by the Administrative Appeals...

14 January 2021

Business

Businesses from ‘accountants to zoos’ demanding end to JobKeeper: Acting PM

The government is standing firm on its decision to wind down the JobKeeper program by March as it claims that...

12 January 2021

Business

Tribunal reduces agent’s banning order

A deregistered tax agent has successfully reduced his banning order by half after pleading his case with the...

11 January 2021

Tax

ASIC defends handling of Shipton’s tax expense probe

ASIC has revealed why it chose to delay sending correspondence around embattled chair James Shipton’s expenses to the...

08 January 2021

Business

SMEs cautioned on cash-flow pressure as insolvency reforms kick in

Troubled businesses looking to access the new simplified debt restructuring process should be wary of a potential...

07 January 2021 • By Jotham Lian

Tax

Phoney tax agent jailed after 14 years on the run

A Victorian man who pretended to be a tax agent has now been sentenced to five months in jail after pocketing over...

06 January 2021

Business

Small business insolvency reforms now in place

Insolvency reforms that will allow small businesses to restructure their debts or wind up their operations faster have...

05 January 2021

Regulation

Jail, $640k fine for myGov-lodging unregistered agent

A Brisbane man has now been sentenced to seven and a half months in jail and fined $640,000 for repeatedly providing...

04 January 2021

Business

Key dates ahead of the ATO’s annual closure

The ATO has announced its annual closure period over the year-end festive season for 2020.

23 December 2020

Super

Mid-tier launches new SMSF service for accountants

A mid-tier firm has launched a new initiative directed squarely at other accounting firms in the wake of the revised...

21 December 2020

Business

ATO thanks tax profession

As the tax profession prepares to wind down for the festive season, the ATO has thanked them for their hard work in a...

18 December 2020