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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
08 January 2021
Business
SMEs cautioned on cash-flow pressure as insolvency reforms kick in
07 January 2021 • By Jotham Lian
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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
Business
Brazen ATO scam costs Sydney woman $22k
Police have issued a warning after a Sydney woman fell prey to an elaborate ATO scam that cost her $22,000.
16 December 2020
Business
Auditor-General endorses ATO’s COVID-19 response
The ATO’s rapid implementation of COVID-19 economic response measures has been given a tick of approval from the...
15 December 2020
Business
Ombudsman data foreshadows challenging future for small businesses
Preliminary data released by the small business ombudsman has painted both promising and worrying signs for businesses...
15 December 2020
Regulation
‘Credibility undermined’: ASIC cops parliamentary blasting
A parliamentary committee has launched a scathing attack on the corporate regulator, arguing that its credibility has...
10 December 2020
Business
New bill introduced to increase transparency of advice fees in super
The government has introduced a new bill into Parliament this week to provide greater protection for superannuation...
10 December 2020
Business
Deloitte and Freedom Foods Group hit with class action
A class action has been launched against Freedom Foods Group Limited, and their auditors Deloitte, after the...
09 December 2020
Business
JobMaker registrations now open: ATO
The ATO has now opened registrations for the JobMaker Hiring Credit scheme following the release of rules by Treasurer...
08 December 2020
Regulation
Government tackles ATO scams with new telco rules
New rules that require telcos to detect, trace and block scam calls have now been registered, as such scams, including...
03 December 2020 • By Jotham Lian
Business
Australia’s recession ‘technically over’, says Frydenberg
Treasurer Josh Frydenberg says the latest national account figures should give Australians “optimism and hope”, as...
02 December 2020 • By Jotham Lian
Regulation
‘Judge, jury and executioner’: IPA shoots down proposed ATO penalty regime
A recommendation to equip the ATO with the power to penalise egregious tax agents directly has been slammed by the...
02 December 2020
Business
Outdated court system doesn’t work for small businesses, says ASBFEO
The current court system is outdated and is failing small businesses through costly and inefficient barriers in the...
02 December 2020