News

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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. When most people think about audit, it’s ...
With inflation back in the Reserve Bank’s target range, Treasurer Jim Chalmers declared productivity as the defining economic challenge of Labor’s next term of government.. The Productivity Commission ...