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Tax Institute appoints Scott Treatt as CEO The former general manager of tax policy and advocacy takes over with a mission to empower the tax community. ...
Disability NFP back pays staff $6.5m after ‘fundamental’ payroll error The FWO has secured its fifth enforceable undertaking in FY2023–24, and its third involving a not-for-profit care provider. ...
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Hackers eye financial businesses for payday, says cyber expert Security company Trustwave said hackers have been breaching businesses’ networks by crafting convincing phishing emails with generative AI. ...
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Xero adds gen AI to help desk, promises faster service The release underscores the accounting software company’s rapid adoption of AI. ...
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PwC has lost social licence to self-regulate: Senator Pocock The reforms PwC plans to adopt in response to the tax leaks scandal have no teeth and will not see a significant shift in behaviour, the Senate inquiry heard. ...
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ATO to launch upgraded website next month After almost a decade, the current design moves aside for a more streamlined, intuitive online service, the Tax Office says. ...
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$3m super tax will thump thousands of SMSF members with $80k bill More than one in eight will experience “liquidity stress” trying to meet the tax obligations, a report by Adelaide Uni says. ...
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CA ANZ fails to deliver for smaller firms: ChangeGPS The accounting bodies look weak beside the representative organisations of other professions, says Queensland software outfit. ...
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Accounting bodies oppose increase to bankruptcy threshold A rise in the default figure to $20,000 will fail to alleviate cost-of-living pressures, say CPA Australia and CA ANZ. ...
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How to service clients from Indigenous backgrounds Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients, according to a finance coach. ...
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Treasury names 3 members to bolster TPB The appointments of two lawyers and one tax professor aim to bring a “diversity of skills and experience” to the board. ...
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Glimmer of hope in consumer mood, business cautiously confident Interest rate rises have done more to dampen the confidence of consumers than businesses, according to surveys from Westpac and NAB. ...
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APRA plans to open the books on super fund spending Published information would include donations to unions and political parties, as well as executive remuneration. ...
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PwC reforms a disproportionate response: CA ANZ Draft laws proposed by the government in response to the PwC scandal will create an “uncertain and disruptive” period for tax professionals, the accounting body cauti...
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Contractor redefinition ‘undermines sole traders’ The Closing Loopholes bill would force companies to treat contractors like employees to the detriment of the smallest business owners, one lobby group says. ...
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5 most common fee disputes ‘could trigger refund action’ One of the proposed changes to CA ANZ conduct rules is open to abuse, webinar hears. ...
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Treasury opens consultation on payday super measure Two models are put forward for the reform as well as revisions to the penalties for late payment. ...
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Distressed small businesses flock to shelter of SBR A spike in applications shows the scheme is gaining traction as a way to handle debts and remain operating, says Jirsch Sutherland. ...
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ATO will dob in 9k businesses to credit agencies this month With more than $5 billion owed by companies meeting the criteria for referral, the Tax Office is drawing a line in the sand. ...
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​​​​Small business struggles, but financial system resilient: RBA The bank’s Financial Stability Review finds higher interest rates have hurt small businesses the most. ...
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