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Personal insolvency regulator sends independence warning to practitioners Insolvency practitioners have been urged to steer clear of dual appointments, contentious referral relationships and other conflicts of interest as the regulator issues a...
CountPlus acquires Victorian financial advice practice A Melbourne-based CountPlus member financial advice firm has acquired a small financial planning practice in a bid to expand its financial planning service offering. ...
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Scrap tax returns and save on accounting fees, says think tank Australia should introduce an opt-in standardised $3,000 deduction covering work-related expenses and other personal deductions to simplify the tax system and save Austra...
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WA woman faces jail term over early access to super fraud A Western Australian woman now faces 31 counts of fraud after allegedly submitting multiple false claims on behalf of others to gain early access to $330,000 in superannu...
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‘Increase the rate, broaden the base’: Looking at GST 20 years on Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over the GST rages on. ...
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ATO finalises guidance on new discretion to retain refunds ATO officers will now be expected to explain to taxpayers why their tax refunds are being retained, after laws were passed to extend the commissioner’s discretion to re...
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CA ANZ pushes back against ATO’s ‘outdated’ personal services income approach Chartered accountants have taken aim at the ATO’s “out of touch” approach to the allocation of professional firm profits, arguing that partners no longer rely on pr...
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WA man charged over $2.57m tax evasion, ATO impersonation A Perth man could face up to 22 years in jail for impersonating an ATO officer and failing to declare $7 million in income to avoid tax liabilities. ...
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Victorian director charged with breaching duties A former director who skimmed money from her insolvent employer, which had debts to the ATO and the State Revenue Office of Victoria of more than $930,000, could now face...
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Vaccine rollout key to Australia’s economic recovery While the Australian economy has shown positive signs of recovery, challenges still remain, says the Grattan Institute. ...
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