For practitioners, compliance with these codes is crucial. Two new codes, namely Code 15 and Code 16, were implemented on 1 January 2024. Code 15 prohibits registered practitioners from employing or ...

A motion to split the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 could work in favour of forcing amendments to the Division 296 tax.

"If the ATO could work more closely with Services Australia to improve the frequency and quality of the information referred, and improve its data matching, it might lead to better enforcement, which ...

A looming tax on high superannuation balances is set to reshape retirement planning, but the vast majority of pre-retirees are unprepared for it, according to research from Generation Life. Insurance ...

Speaking last Friday at the ACE25 Accounting Conference & Expo, hosted by Accountants Daily, Tax Institute chief executive Scott Treatt reminded practitioners that entering confidential client ...

The 'Education Month' is dedicated to skill development, providing participants the opportunity to advance crucial skills and stay competitive within the accounting industry. From mastering complex ...

The new provisions, which were introduced as an amendment to Treasury Laws Amendment (2023 Measures No. 1) Bill 2023, will require tax agents to notify the Tax Practitioners Board (TPB) if they have ...

Auditor Proud Day lands on the last Thursday of every September and is aimed at attracting more people to the profession and celebrating those already working within it. The day is a CA ANZ-led annual ...

The taxation ombudsman has started an investigation into identity theft and compromised tax accounts after repeated reports of fraudulent activity and concerns about how the ATO is handling them. The ...

The Tax Practitioners Board (TPB)has provided further information for tax practitioners on Section 15 of the Tax Agent Services (Code of Professional Conduct) Determination 2024 and its proposed ...

Substantial investment in research and development has seen the productivity of mid-sized businesses rise at a faster rate than larger and smaller businesses, according to a new report by MYOB.

The report, Superannuation Across Generations, revealed only 32 per cent of Australians believed they could save for retirement without super. It was found that 33 per cent of Millennials, 32 per cent ...