iscover
News
Family trust elections in ATO sights
The ATO is “cracking down” on family trust elections, warns a leading legal specialist.
...
Consultant boom threatens accounting sector, expert says
The Benchmarking Group says consultants are filling the demand for advisory work and presenting a more attractive career path for new entrants.
...
Digitisation a boon for productivity in cost-of-living crisis: MYOB
A survey by the accounting software company has found that 40 per cent of SMEs that digitised more operations in the past year enhanced productivity.
...
ATO whistleblower prosecution to have ‘chilling effect’
The Human Rights Law Centre says the government must strengthen protections in the wake of Richard Boyle’s failed appeal.
...
Hasty lodgers twice as likely to make mistakes, ATO warns
The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.
...
Eastern states drive fall in job postings
As job ads fall, every industry is experiencing more applications compared to last year, SEEK data has shown.
...
PKF Melbourne banned from expert reports after ASIC probe
The firm has been barred from the service pending a review of its conflict of interest management and documentation policies.
...
How to diversify from tax to management accounting
Doing break-even analysis for SME clients could enable accountants to operate in management accounting, according to a finance professional.
...
Leading professionals recognised at Australian Accounting Awards 2024
Accountants, auditors, bookkeepers, and rising stars were among those declared winners at this year’s awards.
...
Client-agent linking has stopped identity fraud: ATO
The Tax Office claims the process has been successful in stopping criminals from compromising agents’ client lists.
...
ATO ‘hell bent’ on chasing down $34bn in small business debts
Insolvency professionals warn the Tax Office is using DPNs and legal action to take a “far more aggressive” recovery stance.
...
Caseware Australia launches AI digital assistant
The new tech product utilises the power of AI to enhance workflows in the accounting and audit space.
...
Ex-ABC general counsel to join BDO board as independent director
Connie Carnabuci will help evaluate governance structures amid heightened scrutiny of professional services firms.
...
Ditch ‘error-prone’, insecure invoicing methods, says ASBFEO
Switching to e-invoicing cuts cyber risks and improves payment times, the small business ombudsman says.
...
Government urged to fast-track visas for migrant accountants
Firms are struggling to hire enough local workers to meet demand caused by insolvencies and reporting requirements, accounting bodies say.
...
Consumer pullback fuels record insolvency wave: CreditorWatch
The long-awaited cut in spending has arrived and is hitting energy, education and mining businesses the hardest.
...
NSW to rebate payroll tax, waive debts in $189m GP bulk-billing push
The Australian-first initiative is expected to end the uncertainty for contractor doctors and make appointments cheaper for patients.
...
RBA makes cash rate call for June
The Reserve Bank has handed down its latest interest rate decision following higher-than-expected inflation data.
...
Dob-in provisions could apply ‘retrospectively’, warns IFPA
The TPB’s draft guidance does not rule out whether practitioners will be required to report offending actions that occurred before 1 July 2024, the association says.
...
Small business to get bigger share of $75bn federal spending
The government has set more ambitious procurement targets that require SMEs to receive 25 per cent of all contracts under $1 billion.
...
Page 56 of 191
