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Unlicensed director faces 9 charges for steering SMSFs into own company
The Queensland man encouraged investors to set up an SMSF then channel funds into crypto assets in his business.
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Conflict ‘inherent’ for firms with public, private clients: Scyne
The PwC spin-off tells a parliamentary committee its mission is “purpose over profit” compared to other big four firms, which have failed to divest their government w...
ATO to sool debt collector on 150,000 taxpayers
Recoveriescorp has been engaged by the Tax Office in its first use of a collection agency since the pandemic.
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QuickBooks aims Online Advanced at mid-market
The AI-enhanced upgrade targets businesses with more than five employees that require additional functionality such as task automation.
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Staff ready to help with client linking issues: ATO
The Tax Office defends the revised system after a chorus of complaints from agents and bookkeepers.
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One-stop audit and advisory a risk to integrity, says tax lobby
Accounting firms should be prohibited from providing both advisory and audit services to the same entity, the government has been advised.
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ATO closes $105m Plutus payroll case with final fraudster jailed
Sutherland man who pleaded guilty to dealing with the proceeds of crime gets four-and-a-half years.
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ICB urges Canberra to intervene in client linking, ditch red tape
The bookkeeping body’s budget submission calls for regulatory relief in an “incredibly tough” operating environment.
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AI vital in cyber security arms race, say IT leaders
The technology improves response time to threats and helps with cyber security awareness training, Commvault survey finds.
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Businesses threaten: No more tax until client linking fix
The ATO must make client-agent linking simpler or face mounting tax debt and unfiled returns, the ICB says.
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1 in 3 workers expect 4-day weeks by 2030, survey finds
Employees also want full flexibility and hybrid working models to become standard practice, according to HR firm ADP.
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TASA dob-in provisions ‘devastating’ for agents, Tax Institute warns
The new breach reporting rules will create a challenging environment for tax agents and could see practitioners falsely accused of misconduct, the association cautions.
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Lower-than-expected CPI ‘cements case for RBA rate hold’
Economists agree monetary tightening is over for now, but rate cuts will be delayed until it is certain stage 3 cuts have a negligible impact on consumer prices.
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Tax agents ‘waste hours in confusing client linking process’
The complex multi-step system that came into effect in November has confounded taxpayers, practitioners and even the ATO’s employees, agents say.
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ATO urges small business owners: ‘Teach yourself tax’
The Tax Office launches a website offering more than 20 online courses covering the essentials of tax, super and management.
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Survey reveals early career accountants receive biggest pay rises
Junior and intermediate chartered accountants are receiving the largest pay increases, a recent CA ANZ survey reveals.
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The Access Group buys Brisbane software outfit ChangeGPS
The UK business software operation snaps up another local as part of its ambitious expansion plans in the region.
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Quarterly inflation drops to 2-year low
ABS data shows slowdowns in quarterly and annual inflation, helped by Commonwealth rent assistance and falling meat and seafood prices.
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Economic growth to stay sluggish despite stage 3 cuts: Deloitte
The firm’s latest quarterly outlook challenges the government’s more optimistic forecast for the next five years.
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2 in 3 SMEs benefit from instant asset write-off, survey reveals
The uncapped version of the instant asset write-off scheme was extremely popular among SMEs with the average spend over $90,000, according to ScotPac.
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