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, ...

“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 ...

The revised client-agent linking (CAL) system became mandatory for all ABN holders except sole traders in November in a bid to tighten fraud controls by making businesses responsible for linking their ...

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 ...

"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 ...

Speaking last Friday at the ACE25 Accounting Conference & Expo, hosted by Accountants Daily, Tax Institute chief executive Scott Treatt reminded practitioners that entering confidential client ...

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 ...

How Hank’s personal experience has shaped the work he does at de Jonge Read. Why ATO payment plans aren’t always the best long-term solution. The role accountants play in de Jonge Read’s process. Why ...

The first half of 2025 has seen a continued rise in insolvency appointments. According to ASIC data, over 7,400 companies entered external administration by 31 December 2024, marking a 47 per cent ...

A Brisbane woman who claimed deductions for a fake family trust because she believed paying income tax was voluntary has lost her bid to overturn a $15,220 fine from the ATO. Lisa Bootlis claimed she ...

On this week’s episode, host Imogen dives into the trends and insights of the insolvency landscape with expert and partner at Wexted Advisors, Chris Sequeira. Australian businesses are being ...

What tax depreciation is and why it is important. Why accountants are not responsible for depreciation, what a quantity surveyor is and how a depreciation schedule is utilised. Difference in ...