BDO breaks out budget crystal ball

BDO tax partner Mark Molesworth attempted to sift through what the firm deemed “budget whispers” to identify potential areas of reform. “The forthcoming election casts a very big shadow over this budget, so I’m expecting we will see a lot of rhetoric but...

Pitcher Partners calls for tax reform focus in election

“Pitcher Partners is calling on all political parties to make this election a tax reform election,” said John Brazzale, the managing partner at Pitcher Partners.According to Mr Brazzale, the stalling of the tax eeform white paper process has left Australia...

Company director sentenced to jail time

Steven William Hill was yesterday sentenced in the Sydney District Court to two years and nine months’ imprisonment, with a minimum of one year and nine months to be served before he is eligible for parole. ASIC alleged that between January 2006 to February...

ATO embarks on small business consultation

Assistant commissioner Matthew Bambrick said the program is aimed at protecting honest businesses from unfair competition. “Honest businesses can face unfair tax competition when competitors don’t lodge, don’t report all of their income, pay cash wages without...

‘Go backwards to go forwards’ to improve super, says IPA

The Financial System Inquiry (FSI) has recommended important changes to improve some of the anomalies within Australia’s retirement savings system, which encompasses superannuation.“One of the recommendations is to develop and introduce legislation to enshrine...