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 ...

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later. ASIC has announced its investment scam ...

The bill as it currently stands imposes an additional 15 per cent tax on a proportion of earnings relating to super balances over $3 million from 1 July 2025 as well as disclosure requirements in the ...

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 ...

Division 296 tax would be levied directly on individuals and imposed separately from personal income tax and superannuation fund tax. Individuals would have the option of paying their tax liability by ...

"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 ...

A looming tax on high superannuation balances is set to reshape retirement planning, but the vast majority of pre-retirees are unprepared for it, according to research from Generation Life. Insurance ...

Auditor Proud Day lands on the last Thursday of every September and is aimed at attracting more people to the profession and celebrating those already working within it. The day is a CA ANZ-led annual ...

The Tax Practitioners Board (TPB)has provided further information for tax practitioners on Section 15 of the Tax Agent Services (Code of Professional Conduct) Determination 2024 and its proposed ...

Accounting is facing a “global trust crisis” in the wake of high-profile failures, the global ethics standard-setter says, vowing to review firm culture and tightening “limited” rules in a new ...