Capitaleyes Latest Accounting News

Businesses can no longer claim income tax deductions for ATO general interest charge (GIC) and shortfall interest charge (SIC) charged on unpaid/underpaid tax liabilities. This change applies to amounts incurred in income years starting on or after 1 July 2025.
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The Labor government have recently introduced legislation aimed to enact its election promise to reduce student debt by 20%.
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Officers have an ongoing duty to ensure their organisations remain compliant and stay informed about work health and safety matters. This update covers recent developments to help officers meet their obligations and stay current with WHS changes. 
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Inheriting assets, whether it’s a family home, shares, or an investment property, can offer significant financial benefits, but it often comes with unexpected challenges. 
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Before expanding your team, ensure your business can support the new role financially and operationally. Focus on hiring individuals who are adaptable and share your company’s values to foster a cohesive and resilient team. Establish clear onboarding processes and provide ongoing support to integrate new hires effectively.
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The Tax Office is warning Australians against accessing their superannuation early for expenses related to inconsequential matters, events or items.
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The ATO has recently issued a warning about misleading information regarding supposed changes to superannuation preservation and withdrawal rules.
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The Tax Office is strongly warning businesses against committing GST fraud as reports of refund fraud surge.
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You should never click on a link in an email purported to be from MyGov.
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You’ve got a brilliant idea. A clever name. A design that turns heads. Now let’s make sure no one else takes it.
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If you're one of the millions of Australians who use buy now pay later (BNPL) services, important changes are now in effect from 10 June 2025 that will give you stronger consumer protections.
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With the Division 296 super tax all but inevitable, accountants should be preparing their clients’ strategies now, a superannuation accountant has warned.
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