CPA calls for sweeping changes to IBCC to make it ‘realistic and fair’

Tax • By Miranda Brownlee

The professional body has called for a raft of amendments to be made to the draft laws for the innovative business CGT ...

Tags: News, AI

Tribunal upholds ATO decision on administrative penalties in SMSF case

Profession • By Miranda Brownlee

The Tribunal found the SMSF trustee intentionally disregarded the taxation law when they made misleading statements ...

Tags: News, SMSF, ato

‘Unacceptable uncertainty’: Law firm flags concerns with proposed fixed trust definition

Profession • By Miranda Brownlee

Sladen Legal has warned the government that the proposed new fixed trust definition is overly complicated and uncertain

Tags: News, law firm, AI, firm, law

Australia's tax profession 'confronting a structural crisis', warns The Tax Institute

Profession • By Miranda Brownlee

The supply of new entrants to the accounting profession is contracting

Tags: News, tax, Australia, war, the tax institute

Incremental adjustments 'insufficient' to safeguard public trust in audit, academics warn

Profession • By Miranda Brownlee

The mandatory structural separation of audit and consulting functions is the “only viable remedy” for the systemic ...

Tags: News, war, audit, academic

AI, geopolitical uncertainty overwhelming risk management practices

Profession • By Miranda Brownlee

Almost two-thirds of audit leaders are finding it harder to identify potential risks before they have a material impact ...

Tags: News, risk management, AI, risk, gartner, management

Government releases draft laws for R&D tax incentive changes

Tax • By Miranda Brownlee

The government has released the first tranche of draft legislation to reform the research and development tax ...

Tags: News, government, tax, tax incentive, law

Treasury unveils details of CGT concession for innovative businesses

Tax • By Miranda Brownlee

The government has published draft legislation for its innovative business CGT concession, which will allow eligible ...

Tags: News, CGT, Business, AI, treasury

Federal Court rules against Hilton in Part IVA decision

Tax • By Miranda Brownlee

In a recent decision, the court determined that Hilton International Australia entered into a scheme for the dominant ...

Tags: News, Federal Court, AI, court