"The ATO has been applying maximum pressure to collect its debts. Many businesses have simply ceased paying the ATO as they struggle with increased costs due to inflation. In the hospitality sector, ...

When asked on ABC TV whether he was considering taking negative gearing reform and capital gains tax reform to the next election, Albanese said: “No, we’re not. What we’re doing is planning for our ...

RSM has urged construction businesses to build adequate cash flow buffers into their operations to account for unexpected costs and late payments, noting that construction firms often get caught out ...

The 'Education Month' is dedicated to skill development, providing participants the opportunity to advance crucial skills and stay competitive within the accounting industry. From mastering complex ...

“It doesn’t pass the politicians’ pub test”: Australian law firm Arnold Bloch Leibler is involved in a significant legal challenge, intending to overturn a longstanding tax precedent that prevents ...

Succession planning has recently been nominated by the ATO as a key area of focus on its website. This is driven by the significant wealth transfer occurring as businesses established in the 1960s, ...

The new provisions, which were introduced as an amendment to Treasury Laws Amendment (2023 Measures No. 1) Bill 2023, will require tax agents to notify the Tax Practitioners Board (TPB) if they have ...

"If the ATO could work more closely with Services Australia to improve the frequency and quality of the information referred, and improve its data matching, it might lead to better enforcement, which ...

The taxation ombudsman has started an investigation into identity theft and compromised tax accounts after repeated reports of fraudulent activity and concerns about how the ATO is handling them. The ...

For practitioners, compliance with these codes is crucial. Two new codes, namely Code 15 and Code 16, were implemented on 1 January 2024. Code 15 prohibits registered practitioners from employing or ...

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative ...

“The current measures do not address the critical issue of the imposition of payroll tax where funds are received directly by the practitioners as advanced in the payroll tax ruling issued by the ...