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Too many businesses roll the dice on tax debt: Jordan
Profitable companies that choose to relegate their tax and super obligations will be a focus of the ATO’s crackdown on collectable debt, Commissioner says.
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Ban on casual loading 'will mean pay cuts for thousands'
Fair work amendments that will outlaw higher rates for casual work are out of touch with the preferences of Australians, recruitment body says.
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Observers praise RBA pause as key indicators realign
Fears of a wage-price spiral have receded, spending has slowed and the bank needs time to assess, commentators say.
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AI to shake-up one-quarter of economy: Deloitte
A generation of students who have grown up with the tech will soon reshape workplaces with financial and professional services in the front line.
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RBA presses pause button in ‘uncertain’ economy
The outlook remains clouded by services prices, household consumption a tight labour market and slower growth.
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CA ANZ urges government to delay GST input tax credit changes
Provisions relating to the attribution of GST input tax credits should be delayed until ATO guidance in this area has been finalised, says CA ANZ.
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BlueRock adds Arthur Advisory to accounting team
The Melbourne firm chalks up another acquisition as it mulls expansion interstate.
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Job ads jump in August driven by NSW, Qld demand
The latest ANZ data shows a rebound in vacancies while salaries accelerate their upward trend, according to Seek.
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ATO escalates warnings over dodgy rental claims
Interest on property loans will come in for special attention this year while additional data matching systems will help snare the majority who get rental claims wrong.
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Small business CGT concessions ‘one-way ticket to an ATO review’
The ATO is consistently picking up errors with small business CGT claims due to the complexity of the rules, warns BDO.
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Payment reporting regime slammed as ‘impenetrable failure’
The review makes 13 recommendations for a comprehensive overhaul of a scheme that aims to reduce the time small businesses wait to be paid.
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Fraudster who claimed $830k in GST refunds gets 7.5 years’ jail
ATO says the sentence shows offenders should come forward or face severe consequences.
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Government releases draft legislation for objective of super
The government says the goal is to provide a shared understanding of superannuation and ensure it focuses on saving for retirement.
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Police seize cigarettes, tobacco worth millions in lost tax
Money laundering investigation conducts raid in Queensland and needs five trucks to haul away alleged contraband.
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ASIC bans directors for multiple company failures, $11.5m in debts
Two unrelated directors have been disqualified for failing to meet their duties, including concerns that they traded while insolvent.
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PwC partners to cop 30% pay cut after ‘challenging year’
Revenue growth of 11 per cent to $3.4 billion has yet to reflect the imminent sale of its consulting arm and reputational damage, the firm says.
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ATO hits SMSF trustees with record disqualifications, fines
The sanctions come as the Tax Office intensifies efforts to stop trustees from overstepping the mark.
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Canberra mulls screen scraping ban over cyber crime concerns
The government seeks submissions on a “deeply disconcerting” data capture method widely used by the finance industry.
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Regional NSW accounting giant Boyce celebrates half-century
The top 40 firm expanded from Cooma five decades ago to take in towns from Moree to Bega.
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Construction insolvencies on the rise as building approvals drop
This financial year has already seen hundreds of insolvencies in the construction sector as the number of approved dwellings continues to fall.
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