Business

ATO updates discretion approach to entities without an ABN

Small businesses without an ABN looking to access JobKeeper or the cash flow boost are set to benefit from the ATO’s...

29 September 2020

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Business

Government flags insolvency reform ahead of expected wave of closures

Businesses with less than $1 million in liabilities will be given an opportunity to restructure their affairs and...

24 September 2020 • By Jotham Lian

Business

ASIC extends temporary AFSL exemption for tax agents

Registered tax agents will continue to be able to provide advice to clients on the early release of superannuation...

24 September 2020

Business

RBA open to new record-low rate

The Reserve Bank has flagged the possibility of a rate adjustment, albeit a small possibility, as the country recovers...

23 September 2020 • By Jotham Lian

Business

AAT affirms Sydney tax agent registration cancellation

A Western Sydney tax agent has now had his registration termination affirmed by the Administrative Appeals Tribunal...

23 September 2020

Business

ATO to trade data on 12 million Australians on Centrelink

Up to 12 million Australians on Centrelink will now have their real-time salary and wage data shared between the ATO...

18 September 2020 • By Jotham Lian

Business

Tax cuts, red tape reduction on SME budget wish list: MYOB

Small businesses are hoping for lower company tax rates and the slashing of red tape, as the government prepares to...

17 September 2020

Business

JobSeeker cuts will cost economy $31bn, says Deloitte

The Morrison government’s plans to reduce the coronavirus supplement for Australians on JobSeeker, Youth Allowance and...

15 September 2020

Business

Victoria unveils $3bn ‘biggest package of business support’

Victorian businesses are set to receive up to $20,000 in grants and further payroll tax deferrals under a new $3...

14 September 2020

Tax

ATO complaints going nowhere: Tax watchdog probes discrepancy

Close to nine out of 10 online complaints made to the tax watchdog had not been recognised by the ATO as a complaint...

11 September 2020

Business

Federal Court knocks back tax agent’s appeal

A tax agent who had been banned for the maximum period has had his request for a stay order appeal rejected by the...

10 September 2020

Business

CPA Australia presses Daniel Andrews for business support

The Victorian government has been told to increase its support grants and extend further concessionary measures in...

08 September 2020 • By Jotham Lian

Business

SMSF firm taken to court over alleged advice failures

ASIC has commenced proceedings in the Federal Court against an advice firm in relation to alleged failures to act in...

07 September 2020

Business

Big businesses forced to publicly disclose payment terms

Large businesses will now be required to publish the time it takes to pay their small-business suppliers, after...

04 September 2020

Business

Lower corporate tax rate to 25%, says Tax Institute

A single corporate tax rate, no higher than 25 per cent, should be adopted as part of major tax reform in the wake of...

03 September 2020

Business

TPB releases draft guidance on tax file number usage

Tax practitioners who include a client’s tax file number in email correspondence without taking reasonable security...

02 September 2020

Tax

ATO, tax agent COVID-19 scams on the rise, warns mid-tier

ATO scams are continuing to rear their ugly head, with a mid-tier warning that tax agent numbers are now being used by...

01 September 2020

Business

Payment times transparency will not solve small-business woes, says Labor

Federal Labor has criticised the government’s plan to publish the payment practices of large businesses, warning that...

31 August 2020