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

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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TPB releases draft guidance on tax file number usage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

Business

1 in 3 businesses will struggle to pay bills: ABS

More than a third of businesses are expecting to struggle to meet financial obligations over the next three months,...

28 August 2020

Business

Super fund selection now enshrined as law

Australians will no longer be forced into super funds because of enterprise bargaining agreements, after a new law was...

25 August 2020 • By Grace Ormsby

Business

Adviser banned over failed SMSF advice

A former ANZ adviser who failed to take into account his clients’ SMSF investment strategy has now been banned from...

25 August 2020

Business

Account for September deferred payments now, businesses warned

Small-business owners will need to take stock of deferred rents and bills ahead of the September cliff, warns one...

25 August 2020

Regulation

TPB-ATO independence in the firing line as terminations spike

The Tax Practitioners Board’s independence from the Tax Office has been called into question again as fears grow that...

21 August 2020

Business

Victorian government extends eviction moratorium

The Andrews government will extend its ban on evictions and rental price increases until the end of the year, as...

21 August 2020 • By Jotham Lian

Regulation

ATO eyes early 2021 introduction of director ID regime

Director identification numbers are set to come into play early next year, as the ATO commits to rolling out the new...

20 August 2020

Business

1,000 ‘high-risk’ tax agents in TPB’s sights

The Tax Practitioners Board will target 1,000 high-risk agents and unregistered advisers this financial year as it...

20 August 2020

Business

1 in 4 businesses rejected for new loans

Small businesses are shying away from borrowing, while those who are looking for finance are being knocked back by...

18 August 2020

Tax

Tax evasion promoter jailed after 19-year investigation

A key conspirator of an elaborate multimillion-dollar tax evasion scheme has now been sentenced to six years in jail.

18 August 2020

Business

‘There will be failures’: RBA’s Philip Lowe sounds insolvency warning

Reserve Bank governor Philip Lowe has warned of an inevitable wave of business failures after September when...

17 August 2020 • By Jotham Lian