The $1,000 instant deduction could see taxpayers miss out on critical conversations with their accountant, exposing them to potential tax issues in the future, accounting bodies have warned.
The Administrative Review Tribunal has upheld a decision by the TPB to reject a former tax agent’s request for registration as a tax agent.
Greg Keith will take on the role of chief executive for Grant Thornton International after stepping down as chief executive of Grant Thornton Australia.
Shadow treasurer Angus Taylor has strongly reiterated the Coalition’s opposition to the $3 million super tax, but ASFA’s chief executive pushed back on concerns over taxing unrealised gains. ...
Registered agents have raised serious concerns about the quality of service and consistency in advice when using the ATO phone line, the Tax Ombudsman has said.
The professional body is advising businesses to lean on their accountants for support amid US President Donald Trump’s changing tariff announcements.
The biggest trend driving rising house costs isn’t generous investor tax discounts or immigration, the Grattan Institute has said.
Improving the availability of data and real-time processing in online services for agents would dramatically reduce demand for the tax agent phone line, the professional body has said.
It is crucial to understand all elements of the small business CGT concessions to avoid any negative outcomes for clients, a tax adviser has cautioned.
A recent case examining inter-entity service fees suggests that the degree of documentation requested by the ATO in its guidance is beyond what is required by the court, says specialist John Jeffreys. ...
Xero has unveiled an extended partnership with Sumday to make it easier for small businesses to track their carbon footprint.
A truck driver has won an appeal against an objection decision involving deductions for meal expenses.
