By API User
A Melbourne man has been sentenced to 2 years and 11 months imprisonment after obtaining over $390,000 in fraudulent GST refunds and attempting to obtain a further $330,000, as well as failing to comply with a court order. Acting Deputy Commissioner Kath Anderson commended the latest outcome under the ATO-led investigation Operation Protego. ‘There are … Continued
By API User
AI presents the biggest opportunity for Chartered Accountants to deliver value, shape careers, and create interesting roles—but demands upskilling and leadership from the top to maximise its potential. A landmark report from Chartered Accountants Worldwide (CAW) and Ipsos UK reveals that 79% of Chartered Accountants surveyed agree that as AI is integrated more into business, … Continued
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Australian small-to-medium enterprises (SMEs) are bracing for a cash flow crunch as significant new payroll and tax legislation rolls out over the next two years. The changes will force SMEs to adjust their financial and administrative practices in order to remain compliant and put further pressure on their ability to effectively manage their cash … Continued
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The Tax Practitioners Board (TPB) welcomed the recent judgment of the Federal court addressing misconduct by Perth based Ms Jessa Dabalos (also known as Jessa Van Stroe and Jessa Layola). Ms Dabalos was sentenced to 12 months’ imprisonment for criminality and contempt of court, for acting as an unregistered preparer in breach of a permanent … Continued
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A Victorian man has been jailed for fraudulently obtaining over $2.4 million dollars in GST refunds, contrary to section 134.2 of the Criminal Code (Cth). ATO Deputy Commissioner and Serious Financial Crime Taskforce Chief John Ford welcomed the result. ‘It is astounding that people think they can get away with this type of behaviour,’ Mr … Continued
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Please find below and attached a media release from ScotPac alerting business owners to significant tax rule changes for ATO payment plans from 1 July 2025, and alternative financing solutions that remain tax deductible. Also attached is an image of ScotPac CEO, Jon Sutton. 7 April 2025 Business Owners Must Act Ahead of New ATO … Continued
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Today’s announcement of an extension to the $20,000 instant asset write-off for tradespeople and small businesses is a welcome step towards greater certainty, but Chartered Accountants ANZ (CA ANZ) said it does not go far enough. CA ANZ has been advocating for small business cash-flow certainty by making the instant asset write-off, and the associated … Continued
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The Australian Taxation Office (ATO) welcomes the release of the Inspector-General of Taxation and Taxation Ombudsman’s report into the ATO’s identification and management of financial abuse within the tax system. Financial abuse is a serious issue which can have significant impacts for victims. The ATO has an important role in supporting taxpayers impacted by financial … Continued
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Illicit tobacco operations are not run by genuine farmers but by organised crime syndicates. These activities divert vital funds from the community and place them into the hands of criminals, who use the profits to fund other serious crimes. By staying informed and vigilant, everyone can play their part in keeping the community safe and … Continued
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The Federal budget has expanded the Help to Buy scheme, with the government contributing up to 40% of a residential property’s purchase price. Income caps have increased to $100,000 for singles and $160,000 for joint applicants, widening access for first-home buyers. In a major policy shift, a two-year ban on foreign investors purchasing established homes … Continued
