The 30-year old tax law surrounding family trusts and family trust distribution tax (FTDT) is outdated, difficult to navigate, and terribly unforgiving. The complex nature of these provisions and ...

A new report by ASIC has revealed that small business restructuring (SBR) appointments have surged in recent years, rising from 448 appointments in 2022–23 to an estimated 3,000 in 2024–25. “After a ...

The Tax Practitioners Board has shared recent demographic data about the registered tax practitioner population, indicating that the majority of the tax practitioner population is over the age of 50.

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Accountancy is evolving. The skill sets required of the nation’s accounting and finance professionals are expanding and expectations are constantly shifting. This means that having a designation with ...

Everett assignments continue to be a favourite tax-saving mechanism among partners but recent moves by the ATO suggest the legal basis might be flimsier than once thought, according to Legal ...

ASIC has moved to disqualify Philip Shugg of Victoria from being an SMSF auditor for not being a fit and proper person as he was bankrupt. Greg Marlow of the Northern Territory has been suspended for ...

Jennifer Madigan, director of FBT risk and governance for the ATO, has outlined some of the common mistakes that employers are making and what the Tax Office's compliance approach is towards FBT this ...

MYOB on Friday announced the acquisition of Axsys and Exobiz, two of its enterprise resource planning (ERP) partners, in a bid to bolster its sales and support capability in the face of significant ...

A recap of what tax residency is and who it applies to. What the term ‘domicile’ means and how it applies. The four rules or ‘tests’ of tax residency What the double tax agreement is and when it ...

A review of the Privacy Act will mean small businesses with an annual turnover of $3 million or less which were previously excused from the bill’s obligations will ...