Latest Accounting News

Latest Articles

• ‘Results in paying more tax’: ATO warns Australians against early super access
  The Tax Office is warning Australians against accessing their superannuation early for expenses related to inconsequential matters, events or items.
• Employee or Contractor ?
  Before expanding your team, ensure your business can support the new role financially and operationally. Focus on hiring individuals who are adaptable and share your company’s values to foster a cohesive and resilient team. Establish clear onboarding processes and provide ongoing support to integrate new hires effectively.
• Inherited assets: what you need to know about pre-CGT v post-CGT investments
  Inheriting assets, whether it’s a family home, shares, or an investment property, can offer significant financial benefits, but it often comes with unexpected challenges. 
• WHS and OHS Regulatory Update: August 2025
  Officers have an ongoing duty to ensure their organisations remain compliant and stay informed about work health and safety matters. This update covers recent developments to help officers meet their obligations and stay current with WHS changes. 
• HECS/HELP debt reduction Bill introduced
  The Labor government have recently introduced legislation aimed to enact its election promise to reduce student debt by 20%.
• Non deductibility of ATO interest charges for businesses
  Businesses can no longer claim income tax deductions for ATO general interest charge (GIC) and shortfall interest charge (SIC) charged on unpaid/underpaid tax liabilities. This change applies to amounts incurred in income years starting on or after 1 July 2025.
• How safe is your business from scams
  Updated 27 Aug 2025
• The biggest earthquakes in history : (1905–2025)
  Check out this powerful visual journey through the most powerful earthquakes ever recorded. From massive Chilean earthquakes along the Pacific Ring of Fire to the more recent Russia earthquake in Kamchatka, this timelapse shows how Earth's fury has shaped our world.
• 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.