PROFESSION • Carlos Tse

Accruing $16 million in payable guaranteed service level payments to customers, a major Victorian energy supplier failed in its appeal against the Commissioner of Taxation’s GST assessment, after the Federal Court ruled that it was involved in direct supply of services.

PROFESSION • Malavika Santhebennur

Businesses that lose the ability to pay their tax obligations and bills by credit card could lose 30 to 60 days of cash flow, according to a credit rating agency.

PROFESSION • Jerome Doraisamy

A new report from Accounting Times’ sister brand, Accountants Daily, in partnership with Accountancy Insurance, reveals what practitioners nationwide are saying about the Tax Office’s current approach.

PROFESSION • Carlos Tse

The big four firm has not yet confirmed the veracity of reports of up to 400 layoffs later this month.

PROFESSION • Carlos Tse

According to a report cited in a Senate Economics Legislation Committee hearing, Australian companies only provide about 19 per cent of the relevant information regarding decommissioning obligations, with the committee focusing on eight companies in its next review.

PROFESSION • Carlos Tse

Unique reporting obligations, tax compliance, enhanced administrative penalties, and additional disclosure and lodgement requirements are what face Australian entities that are part of large company groups as soon as the group makes over $1 billion in annual global income.

PROFESSION • Malavika Santhebennur

As the ATO develops public advice on guidance on taxpayer use of AI in tax affairs, it emphasised that the onus of accuracy ultimately lies with the taxpayer and their accountant.

PROFESSION • Carlos Tse

With significant change underway across all industries, driven in large part by the growth of AI and technology, it’s important to remember what truly matters in professional services: nurturing relationships built on trust, so clients feel confident and supported no matter how the landscape evolves, writes Steve...

PROFESSION • Malavika Santhebennur

A taxpayer’s application to waive interest charged on his unpaid land tax for 2025 and 2026 across five NSW properties has been rejected after he failed to prove it was justified.

PROFESSION • Carlos Tse

Some of Australia’s biggest companies reflected on how they tackled the first wave of mandatory sustainability reporting at an accounting body’s event earlier this month.