In a recent update, the ATO has advised privately owned and wealthy groups about the type of documentation it will request as part of a risk-based review and what the process involves. It has also ...

The Tax Practitioners Board will ramp up its fight against unregistered agents who illegally operate outside the system in the new year, chairman Peter de Cure has said. In the TPB’s final webinar for ...

The ATO has been conducting audits of employer superannuation contributions at unprecedented levels in the wake of criticism by the Australian National Audit Office (ANAO) last year, accountants say.

The Administrative Review Tribunal has varied a decision to terminate a tax agent for two years by replacing it with a suspension period instead. The Tax Practitioners Board decided to terminate the ...

New research has revealed that personal insolvency agreements (PIAs), or Part X agreements, are surging in popularity over bankruptcies to effectively negotiate legacy debts. Based on statistics from ...

Tax professionals and taxpayers have been warned that failing to correctly manage the requirements of Division 7A loans can result in unexpected tax consequences in a recent ATO update. “Division 7A ...

Xero has tapped AI search engine start-up Coveo to integrate generative AI into its customer support portal and says its users will be able to receive accurate answers to their support queries faster ...

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If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later. By becoming a member, I agree to receive ...

The ATO has revealed some of the top errors being made with capital gains tax (CGT) through its engagements with Next 5,000 privately owned and wealthy groups. In a recent update, the ATO said common ...

Business accountants have an important role to play in helping guide their clients to manage credit risk. Having a best-practice credit risk management process in place can help your clients reduce ...

The National Tax & Accountants’ Association has joined other industry bodies in calling for the Inspector-General of Taxation and Taxation Ombudsman (IGTO) to undertake a review of client-agent ...