The majority of the Full Federal Court has ruled that a tax scheme involving the sale of Billabong shares from a family trust to a super fund had the dominant purpose of obtaining a tax benefit.
Industry groups urge major parties to rule out taxing unrealised gains
Keeli Cambourne | 22 April 2025
A coalition of industry groups are calling for both Labor and the opposition to “immediately and unequivocally rule out ...
Labor’s standard deduction may expose taxpayers to ‘future tax consequences’
Miranda Brownlee | 16 April 2025
The $1,000 instant deduction could see taxpayers miss out on critical conversations with their accountant, exposing ...
ART affirms TPB decision on registration of tax agent
Miranda Brownlee | 16 April 2025
The Administrative Review Tribunal has upheld a decision by the TPB to reject a former tax agent’s request for ...
News
The joint accounting bodies have welcomed Labor's pledge to clamp down on perpetrators who create tax debts in their partner’s name.
Companies with manual payroll processes are set to be hit the hardest under new payday super requirements, a software provider has warned.
A Western Australian barrister fighting to hold onto her practising certificate has been accused of failing to comply with tax obligations and lying to a major bank on a home loan application.
The accounting profession is often portrayed in a negative light, which contributes to the talent shortage, the founder of Firm Ready has said.
The ATO has made sweeping changes to short form local file (SFLF) reporting obligations, effective for income years starting on or after 1 January 2024.
US President Donald Trump has signalled that the US would scale back its prohibitively high tariffs on China in hopes of securing a deal.
The federal budget fails to account for the real cost of natural disasters, leading to funding gaps, a new research paper has found.
Recent data matching activities by the ATO has identified hundreds of SMSF auditors who may still be conducting in-house audits, the Tax Office has cautioned.
Accounting firms are well-placed to help businesses navigate evolving tariff impacts, Grant Thornton has said.
The party has released further details on its plans for small and family businesses, including a tapered tax offset for new businesses and a $2,000 tax deduction for technology upgrades.
The Commissioner of Taxation has filed a notice of appeal in the Federal Court against a decision concerning deductions for meal expenses.