Capitaleyes Latest Accounting News

In a recent update, the ATO has urged contractors to verify their pre-fill information against their own records and declare all their business income, including income not reported through a taxable payments annual report (TPAR).
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The initial legislation was rushed into law despite widespread concerns raised by advisers, professional bodies and taxpayers.
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Div 296 tax is now in legislation and levied directly on the individual with balances over $3m in super fund.
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Terms and conditions bind your customers only where they actively accept them, so a tick box at checkout holds up where a footer link often does not.
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From July 2026, the new Paid Parental Leave Superannuation Contribution (PPLSC) has started.
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If the business is no longer profitable, and is unlikely to be profitable in the future, your best option may be to close your business.
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Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment. 
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One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.
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Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.
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Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return. 
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Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover. 
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The ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes.
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