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‘Most qualified accounting migrants wind up working elsewhere’
White paper identifies accountancy as a profession with a huge mismatch between migrant qualifications and where they actually work.
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Sweeping reforms to streamline access to finance
The Attorney-General has announced a raft of proposed reforms aimed at reducing compliance costs and improving access to finance for small businesses and consumers.
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Shoppers OK with theft as cost of living bites
Over one-quarter of consumers surveyed said it was “a little” to “completely” justifiable to steal from retailers.
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CA ANZ opens voting on revised conduct code
As the body’s AGM looms, its annual report shows losses widened to almost $9 million last year.
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Sportsbet ‘induced my gambling’: accountant in $26m fraud case
Benjamin Carter has begun civil action against the betting giant for allegedly unconscionable conduct in relation to his betting behaviour.
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Salary growth ‘line-ball with CPI’, accountants in lead pack
Annual growth of 4.8 per cent comes down to big increases in a handful of sectors, data from Seek shows.
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1 in 2 retailers expect decline in margins over Christmas
As consumers cut discretionary spending almost three-quarters think discounting will be higher too, Deloitte report reveals.
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ASIC chief accountant becomes AUASB chair
The appointment comes as the latest figures show a marked decline in the number of auditors.
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Finalists unveiled for Women in Finance Awards 2023
More than 240 women in the finance industry have qualified as finalists at this year’s Women in Finance Awards.
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TPB slaps 5-year ban on accountant involved in $26m fraud
Benjamin Carter poses an “unacceptable” risk to the public and must be prevented from practising, the board said.
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ATO linking system takes giant stride into business
The revised procedure will encompass an additional 1.7 million entities from 13 November.
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Victorian ‘Airbnb tax’ misjudges landlords, experts say
Experts believe the proposed levy will be a negative for both property owners and renters.
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GP clinics left with uncertainty on payroll tax, says KPMG
Medical centres are unlikely to get clarity on the issue until there is further litigation, the firm believes.
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ASIC sues crypto exchange after customers lose $13m
The regulator alleges Bit Trade failed to comply with rules for a margin product and says the action should serve as a warning to the industry.
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‘Lighten up and delegate’: How women can juggle work and home
A financial adviser has urged women in finance to outsource domestic tasks so they can focus on their business.
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Price of services will push up August CPI figure, NAB predicts
Inflation may accelerate this quarter with wage pressure and services prices offsetting disinflation in the cost of goods prices, says major bank.
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Canberra unveils sweeping reforms in wake of PwC scandal
Draft legislation includes changes to promoter penalty and secrecy laws as well as stronger sanctions and a more powerful TPB.
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Free app ‘aims to put a tax accountant in your pocket’
The Tax App seeks to improve access to accounting by offering services that cost users “half of your weekly grocery bill” for free.
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Cash access vital ‘to resist agenda of banks, supermarkets’
Demand for the legal tender remains undiminished and many vulnerable people rely on it, lobby group says.
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NSW fuels budget turnaround through compliance, tax hikes
The government’s budget closes loopholes and funds Revenue NSW to improve tax “fairness and integrity”.
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