Business

ATO turns to accountants as 9 out of 10 small businesses experience cash flow...

With nine out of 10 small businesses experiencing cash flow issues over the past year, the Tax Office is calling on...

25 November 2019

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Regulation

AAT reduces agent’s registration disbarment period

A former Sydney tax agent, who failed to comply with his personal tax and business obligations, has succeeded in...

19 November 2019

Business

Unregistered preparer obtained $110k using myGov access

An unregistered tax preparer who fraudulently obtained close to $110,000 in refunds by using taxpayers’ personal myGov...

15 November 2019

Regulation

Franchise feedback sought as reform looms

Accountants and their small business clients have been urged to give feedback on the franchising sector as the...

13 November 2019

Super

Industry split on best way forward for SMSF advice

A large proportion of SMSF professionals would still like to see the accountants’ exemption returned, but the industry...

11 November 2019 • By Sarah Kendell

Business

Federal Court disqualifies liquidator in ATO landmark case

The Federal Court has disqualified a Sydney-registered liquidator from practising for a decade after finding that he...

08 November 2019

Regulation

Inquiry mute on dedicated compensation for ATO outages

Accountants hoping for easier access to compensation for major ATO system outages have had their hopes all but dashed,...

05 November 2019

Business

Regular accountant contact vital for millennial business owners

More than one in two millennial business owners are on the lookout for a new accountant or bookkeeper, with infrequent...

04 November 2019

Business

ATO’s $45bn debt book, deceased estates, to undergo IGTO scrutiny

The Inspector-General of Taxation and Taxation Ombudsman has launched an investigation into the ATO’s $45 billion debt...

01 November 2019

Regulation

‘The time has come’: Joint accounting bodies lobby for regulatory framework...

Australia’s three major professional accounting bodies have now re-established the joint accounting bodies alliance in...

31 October 2019

Business

Business $10k cash limit bill progresses

The government has released draft rules on a controversial bill that will criminalise business cash payments above...

28 October 2019

Regulation

‘Community expectations have changed’: TPB signals new regulatory focus

Tax agent terminations spiked by 208 per cent in the last financial year, with complaints and referrals increasing by...

25 October 2019

Business

‘For God’s sake, leave super alone!’: Bill Kelty

One of the architects of the Australian superannuation system has slammed the Morrison government’s inquiry and urged...

25 October 2019

Regulation

CA ANZ, CPA reveal advice advocacy plans

Chartered Accountants Australia and New Zealand and CPA Australia have provided further details on their plans to...

23 October 2019 • By Sarah Kendell

Business

AAT unmoved by ATO website’s ‘poor use of language’

A taxpayer who attested to being misled by the “poor use of language” on the ATO’s website has had his submissions...

22 October 2019

Business

Tax Office to focus on ABN cancellation program

Tax agents have been given a heads up that the ATO will “focus more” on its bulk Australian business number (ABN)...

22 October 2019

Business

ATO knuckles down on cash-only businesses

Cash-only businesses are again in the spotlight, with a high-ranking ATO official suggesting that avoiding digital...

22 October 2019

Business

Tax, super robo-advisers shut down following ASIC concerns

Two robo-advice tools that dished out tax and superannuation advice have now been voluntarily shut down after concerns...

18 October 2019