A motion to split the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 could work in favour of forcing amendments to the Division 296 tax.

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 ...

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 ...

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 ...

Intuit QuickBooks has officially launched 'Education Month', a dynamic four-week program designed to uplift the accounting profession by offering various growth and learning opportunities. This ...

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 ...

“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 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 ...

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 ...

Three people have been sentenced for GST fraud under the ATO’s Operation Protego, which aims to prevent, detect, investigate and prosecute instances of serious financial crime. “Where we see ...

The report, Superannuation Across Generations, revealed only 32 per cent of Australians believed they could save for retirement without super. It was found that 33 per cent of Millennials, 32 per cent ...