Latest Accounting News

Latest Articles

• What Terms Should I Include in a Capital Raising Term Sheet?
  The primary purpose of the term sheet is to outline the key terms and conditions that will serve as the foundation for more detailed legal agreements.
• Prepare for Div 296 now, accountants warn
  With the Division 296 super tax all but inevitable, accountants should be preparing their clients’ strategies now, a superannuation accountant has warned.
• ATO, lawmakers demand urgent action as GST fraud skyrockets
  The Tax Office is strongly warning businesses against committing GST fraud as reports of refund fraud surge.
• 5 things smart businesses do to stop copycats
  You’ve got a brilliant idea. A clever name. A design that turns heads. Now let’s make sure no one else takes it.
• Do not trust myGov messages
  You should never click on a link in an email purported to be from MyGov.
• Regulations have changed for buy now pay later services
  If you're one of the millions of Australians who use buy now pay later (BNPL) services, important changes are now in effect from 10 June 2025 that will give you stronger consumer protections.
• Australian Taxation Office (ATO) warns about misinformation on super changes circulating online
  The ATO has recently issued a warning about misleading information regarding supposed changes to superannuation preservation and withdrawal rules.
• The rise and fall of the world’s largest economies | GDP Epic Battle (1560–2025)
  From the age of empires to modern global superpowers, check out the rise and fall of the worlds superpowers.
• ATO hit list 2025 – Key Areas Under Review
  The ATO has released its compliance focus for 2025, and it's sharpening its tools in the following areas:
• Why Succession Planning Matters for Privately Owned and Wealth Groups in Australia
  Succession planning is often overlooked in the day-to-day management of privately owned businesses and family wealth groups, yet it is one of the most critical components of long-term success and legacy preservation.
• Benefits of a business plan
  When you are starting out, your business plan can help you secure financing and investment.
• Roles and Responsibilities in a Business Partnership
  Set clear expectations from the start of your partnership
• Mixing business and pleasure? Be vigilant this tax season
  With the ATO sharpening its focus on work-related expenses, Corporate Traveller is warning ‘bleisure’ travellers to be careful.
• 30 June 2025 - Tax Checklist - Small (and Micro) Business
  With the end of financial year fast approaching, now is a great time to revisit your year-end obligations and look at tax planning.
• 3 more GST fraudsters sentenced under ATO’s Operation Protego
  Three more GST fraudsters have been sentenced under the ATO’s Operation Protego, with one offender raking in $1.1 million through fraudulent claims.