Jim Chalmers has hit out at the opposition’s proposed $20,000 tax deduction for meal and entertainment expenses, labelling it a waste of taxpayer money.

Pitcher Partners has been accused of breaching its contractual obligations during the six years it provided tax services to a national law firm.

A law that redefines contractors so they are treated more like employees undermines the ability of sole traders to run independent businesses, one lobby group says.

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, ...

Intuit QuickBooks has officially launched 'Education Month', a dynamic four-week program designed to uplift the accounting profession by offering various growth and learning opportunities. This ...

This week on UTH, host Imogen is joined by Skye Francis, founder and director of 2PR, to chat about small business depreciation rules, how they apply and common misconceptions surrounding them. Skye ...

A Brisbane woman who claimed deductions for a fake family trust because she believed paying income tax was voluntary has lost her bid to overturn a $15,220 fine from the ATO. Lisa Bootlis claimed she ...

On this week’s episode, host Imogen dives into the trends and insights of the insolvency landscape with expert and partner at Wexted Advisors, Chris Sequeira. Australian businesses are being ...

Taxpayers are relying on ChatGPT as a “reliable source” of information and advice, threatening integrity and trust in the tax system, an expert has warned.

The corporate regulator has taken enforcement action against four company directors and 58 individuals for contraventions relating to company collapses.

The $1,000 instant deduction could see taxpayers miss out on critical conversations with their accountant, exposing them to potential tax issues in the future, accounting bodies have warned.

Small business restructuring provides an efficient way to help small businesses restructure their debts and has been growing in popularity since its introduction in 2021.