The bill as it currently stands imposes an additional 15 per cent tax on a proportion of earnings relating to super balances over $3 million from 1 July 2025 as well as disclosure requirements in the ...

But what exactly does it mean and what constitutes a disqualified entity? First and foremost, disqualified entities can include individuals, companies, partnerships, trusts, and super funds. The ...

"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 ...

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 ...

How does outsourcing address the accounting shortage? I speak to a lot of accounting firms every single day and one of the common themes that I see is that they’ve got a very senior team right now.

Accounting is facing a “global trust crisis” in the wake of high-profile failures, the global ethics standard-setter says, vowing to review firm culture and tightening “limited” rules in a new ...

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 ...

Intuit QuickBooks has officially launched 'Education Month', a dynamic four-week program designed to uplift the accounting profession by offering various growth and learning opportunities. This ...

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 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 ...

When most people think about audit, it’s all about accounting and finance. But internal audit covers a very different range of subjects. As a general rule, external auditors look at the financial ...