By API User
The Australian Taxation Office (ATO) has announced it is providing additional support for new small business owners to ensure they understand and comply with their tax, super and registry obligations from the start. The ATO’s campaign, coined ‘ready for business’, highlights that opening and running a small business is ‘serious business’. Approximately 50% of businesses fail … Continued
By API User
A former EY partner, Mr Peter Mark White, from Sydney, has had their tax agent registration terminated for misconduct and has been banned for 5 years from seeking registration with the Tax Practitioners Board (TPB). Mr White is the sole director of an associated company, Albus Advisory Pty Ltd, that also had its tax agent registration … Continued
By API User
The Australian Taxation Office (ATO) has today revealed some of the ‘wild’ work related expense tax claims people have tried to put past the ATO, and spoiler alert: an air fryer generally won’t make the cut. Some of the most outrageous deduction attempts the ATO saw last year included: A mechanic tried to claim an … Continued
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
By API User
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
By API User
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
By API User
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
By API User
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
By API User
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
