Australians shouldered the biggest increase in income tax rates in the developed world last financial year due to bracket creep and the end of the LMITO, according to a report from the OECD. In the ...

KPMG plans to cut 30 jobs as part of a restructure of its legal business that will see the big four firm’s commercial law practice close and its remaining legal services folded into other divisions.

Overdue invoices are costing small business $1.1 billion a year and waiting times for payment have reached an average of 6.4 days, according to the latest report from Xero. It found that almost half ...

The possibility of an ACCC investigation of the big four has emerged during an inquiry into the sector due to concerns their behaviour in the audit market resembles an “oligopoly”. The idea was first ...

She said the bill also threatened the autonomy of sole traders by making it more difficult for them to hire others like themselves. A typical sole trader with a big business contract might hire other ...

When asked on ABC TV whether he was considering taking negative gearing reform and capital gains tax reform to the next election, Albanese said: “No, we’re not. What we’re doing is planning for our ...

"The ATO has been applying maximum pressure to collect its debts. Many businesses have simply ceased paying the ATO as they struggle with increased costs due to inflation. In the hospitality sector, ...

RSM has urged construction businesses to build adequate cash flow buffers into their operations to account for unexpected costs and late payments, noting that construction firms often get caught out ...

Succession planning has recently been nominated by the ATO as a key area of focus on its website. This is driven by the significant wealth transfer occurring as businesses established in the 1960s, ...

“It doesn’t pass the politicians’ pub test”: Australian law firm Arnold Bloch Leibler is involved in a significant legal challenge, intending to overturn a longstanding tax precedent that prevents ...

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 ...

The revised client-agent linking (CAL) system became mandatory for all ABN holders except sole traders in November in a bid to tighten fraud controls by making businesses responsible for linking their ...