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Government appoints new ASIC chair Treasurer Josh Frydenberg has appointed financial services lawyer Joe Longo as the new chair of ASIC, replacing the outgoing James Shipton. ...
Asset betterment: operation, obligation and onus The recent decision in Le v Commissioner of Taxation has renewed attention on the ATO’s use of assessment betterment statements. This article explains the operation of ...
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Cloud based and still spending hours managing ATO documents? Industry innovators team up to help you make light work of tax correspondence Promoted by Business Automation Works ATOmate announces latest integration partnership with cloud-based document management platform FYI ahead of key lodgment deadline...
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Tribunal overturns tax agent’s 5-year ban, laments ‘regrettable’ TPB investigation The Administrative Appeals Tribunal has overturned a five-year registration ban imposed on an Adelaide tax agent after it found that the Tax Practitioners Board’s inves...
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Pandemic toil sees accountants earn small business $45.3bn In the face of the pandemic, Australia’s small business sector turned to accountants and bookkeepers for reassurance — and the industry responded with an effort value...
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Company directors to face ‘headaches’ over payment times regime Businesses are expected to face challenges with reporting payment times as they try to consolidate data from various data sources in the wake of the government’s new Pa...
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SMEs considering non-bank financing options at new high: Scotpac Despite government stimulus introduced to encourage bank borrowing among SMEs, business owners are turning away from traditional borrowing solutions at record highs, acco...
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Pre-insolvency adviser charged over illegal phoenix activity A pre-insolvency adviser now faces close to $850,000 in charges and possible jail time after allegedly facilitating illegal phoenix activity. ...
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Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia The nation’s accounting bodies have raised questions over the scope and modelling that underpins rehashed calls for a $3,000 standardised deduction covering work-relate...
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Victorian ombudsman finds 12,000 businesses ‘unfairly denied’ COVID-19 grants About 12,000 Victorian businesses could now be eligible for retrospective COVID-19 grants of up to $10,000 after the Victorian ombudsman found flaws in the grant applicat...
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