Latest Accounting News

Latest Articles

• ATO no longer treating debt the same as during COVID
  One expert has stressed the importance of tax agents reminding their clients that the ATO is no longer as lenient on tax debt collection as it was during the COVID-19 pandemic.
• Warning for early lodger this tax time!
  The ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes.
• Global companies turn to cost-cutting amid ongoing inflation
  Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover. 
• Don’t get caught out at tax time with your multiples jobs
  Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return. 
• Does Your Small Business Need to Follow AML Privacy Rules?
  Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.
• SMEs warned as ATO ramps up tax debt collection
  One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.
• Taxpayer given 35% penalty for BAS recklessness
  Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment. 
• How Our Diets have Changed.
  Check out the this visualization, which tracks the evolution of dietary calorie intake from 1930 to 2026.
• Tips to help you this tax time
  With tax time around the corner, it's time to start getting your records in order for your 2025-26 tax return.
• Tax Time Checklists Individuals; Company; Trust; Partnership; and Super Funds
  These checklists will help us ensure you don't miss any deductions. Simply print, complete and return.
• ATO warns millions of Australian chasing tax deductions to stop making 'unusual' claims
  The tax office is warning Australians to stop claiming private expenses on their tax returns, with some attempting to claim baby expenses, personal gifts and meal deliveries as work-related.
• Impersonation scams are on the rise
  Best defense is to pause – protect your ID and your finances.
• Components of a cyber security plan
  What is a cyber security risk plan?
• Social Security Payments and Their Effect on Discretionary Trusts
  For businesses and families managing discretionary trusts, understanding how social security laws intersect with trust arrangements is critical. For businesses and families managing discretionary trusts, it is critical to understand how social security laws interact with trust arrangements.
• LRBA ban no better for housing supply or retirement, accountants clap back
  Despite its aims to ease the housing crisis, Labor’s LRBA ban continues to receive a mixed response, with many concerned about the impacts on retirement security.