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By Carlos Tse

'It's a quarantining regime': expert breaks down new negative gearing rules

NTAA senior advocate Robyn Jacobson has explained how a quarantined loss is calculated under the new negative gearing rules, and what income and gains it can be applied against.

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Trusts a ‘symptom’ of a broader issue: Grant Thornton calls for comprehensive tax reform

TAX • Matthew Taylor

The accounting firm has urged the government to re-evaluate its entire strategy for the reforms to trust tax, with the proposed measures set to introduce excessive complications and create harsh,...

BDO appoints 2 partners to its project and infrastructure advisory practice

PROFESSION • Carlos Tse

The mid-size firm has welcomed two new partners to its national project and infrastructure advisory practice in its respective Brisbane and Perth offices.

BDO submission to Treasury: why a ‘clearer definition’ is needed

PROFESSION • Matthew Taylor

BDO has made a submission to Treasury in response to the consultation paper on minimum tax on discretionary trusts, focusing on several key issues that may create uncertainty, unintended outcomes and...

Accounting firm urges rethink of ‘punitive’ trust tax proposal

TAX • Matthew Taylor

In an effort to protect "fixed" commercial structures from inadvertent inclusion and to eliminate a punitive 60 per cent double tax on corporate beneficiaries, SW Accountants & Advisors has...

Grant Thornton appoints retail, energy, mining leaders

PROFESSION • Carlos Tse

The accounting firm has made three new appointments, including two newly created roles.

RSM urges government to consider more equitable alternative to trust tax

TAX • Miranda Brownlee

The accounting firm has said that implementing a minimum tax on individual beneficiaries who receive discretionary trust distributions would be a fairer and simpler option than the measure currently...

Tags: News, government, tax

‘When you tax the same dollar twice, people stop investing the dollar’

TAX • Matthew Taylor

Wilson Asset Management has outlined several recommendations in its submission to Treasury’s consultation paper on minimum tax on discretionary trusts.

Xero welcomes new senior VP as CTO steps down

PROFESSION • Carlos Tse

Xero’s chief technology officer has resigned, and the platform has appointed a new senior vice president to its engineering, payments, and AI transformation team, who will start in August.

Builder loses appeal against winding-up notice for debts over $100k

PROFESSION • Carlos Tse

A construction company has failed to convince the court that it was solvent after it was issued a winding-up application for unpaid subcontracting work allegedly worth over $100,000.

ASIC initiates legal action against auditors in First Guardian collapse

PROFESSION • Matthew Taylor

ASIC has launched Federal Court proceedings against Auditeo Australia and two auditors over alleged serious audit failures linked to the First Guardian Master Fund.

Government must rectify gap in whistleblower protections for breach reporting

PROFESSION • Miranda Brownlee

The Tax Institute has urged the government to address the gap between the breach reporting obligations for registered tax and BAS agents and access to whistleblower protections under the tax...