“These amendments are being held up due to the controversy around Division 296,” he said. “The Senate agreed to split the bill so the non-controversial amendments could proceed as a separate bill, ...

The government has confirmed a range of important exemptions for child recipients, structured settlements and deceased members in relation to the $3 million super tax in draft legislation released ...

Ruth Owen, Inspector-General of Taxation and Taxation Ombudsman (IGTO), has today released her report into the identification and management of financial abuse within the tax system. The report ...

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 ...

“Auditors come from all sectors – corporate, public and not-for-profit. They ensure good governance, accountability and trust.” Moore Australia provided Accountants Daily with comments from its ...

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 ...

The reforms, announced in the 2023–24 mid-year economic and fiscal outlook, would amend the Income Tax Assessment Act 1997 to scrap deductions for general interest charges (GIC) and shortfall interest ...

The IESBA’s code forms the basis of accounting ethics rules in over 130 jurisdictions, including Australia. As a result, IESBA chair Gabriela Figueiredo Dias said the body would be “proactively ...

The dob-in provisions or breach reporting rules are one of the most significant changes passed in the new provisions to the Tax Agent Services Act in November, according to Robyn Jacobson, senior ...

The ATO is urging tax agents to hold off on submitting tax returns until prefill data becomes available on 1 July. ATO assistant commissioner Tim Loh said failing to wait for prefill to open before ...

New research from HLB International has cast a light on the positive impact global businesses are experiencing from an increased uptake in artificial intelligence (AI). According to HLB Mann Judd, the ...