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 ...

So you’re a small business owner and preparing for retirement? Here are a few important things to consider when selling your small business to make one final boost to your nest egg. When selling a ...

Changes to the tax agents’ code of conduct require urgent clarification by the TPB and the additional compliance burden will prove a “very expensive exercise for many accounting firms”, says tax ...

var tags = ''; lass="p1">Founder of Practice Connections Advisory, FitzGerald shares his extensive experience, knowledge, and personal opinions on AI and how it can elevate the accounting industry ...

New financial benchmarks have just been released by the Tax Office for over 100 industries to help small business owners “take the pulse of their business.” Updated on an annual basis, the benchmarks ...

Tax practitioners are skeptical that any real change will occur regarding the complicated tax residency laws for individuals with neither major party viewing reform in this area as a priority, ...

A Sydney practitioner whose registration was terminated over allegedly receiving $231,766 in false BAS refunds has had his request to suppress his name and put the TPB’s decision on hold denied by a ...

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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. “The raids in Australia resulted in a ...

The Victorian Windfall Gains Tax (WGT) came into operation on 1 July and applies at the rate of 50 per cent on the uplift in the capital improved value (CIV) of land (less any prescribed deductions of ...

CPA Australia has called for the ATO to clarify its position in draft tax ruling TD 2024/D3 and provide guidance and examples for legitimate guarantee arrangements for private companies. If you check ...

The younger generations of workers, Gen Z and millennials, place a greater focus on environmental sustainability with more than half willing to forgo a position if the business does not match their ...