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First-ever Women in Finance Summit launches
Momentum Media is proud to launch its inaugural Women in Finance Summit, aimed at supporting and connecting leading women in the financial services space.
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Directors cop 3-year bans for collapsed companies owing $17m
ASIC imposes less-than-maximum disqualifications for two unrelated directors responsible for nine failed companies between them.
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Plutus Payroll scammers plead case ahead of sentencing
With three of their co-conspirators in the $105m fraud already jailed, two “principal players” make final submissions.
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70% of turnaround experts expect recession within a year
The mood has turned sharply pessimistic among those on the frontline, a KordaMentha survey finds.
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Medical centres confront $600k payroll tax bills or closure
The RACGP says retrospective assessments already threaten practices in regional Victoria and NSW.
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Government to review $170bn franchising sector
Enforcement of the Franchising Code of Conduct, transparency and franchiser dispute resolution to come under scrutiny.
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Why demand for advisory work has changed for good
One accountant says that his clients are contacting him more than ever for support beyond basic compliance.
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Recycling companies fined $375k for underpaying refugees
FWO pursued Victorian waste processing operations which have repaid $2.4 million due in wages dating back to 2012.
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Bankrupt lawyer with $4.7m tax debt ordered to pay $55k security
Migration specialist who moved to Romania in long-running case seeks appeal against payment ruling.
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NSW, Victoria prescribe GP payroll tax without amnesty sweetener
UPDATED: State revenue rulings clarify that medical centres will be liable for the levy under service fee arrangements.
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‘Healthy scepticism essential’ to avoid AI pitfalls
The technology has limitations and needs guardrails, says Damien Greathead of Intuit QuickBooks, but it’s better to get started sooner rather than later.
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IPA celebrates centenary with gala dinner, appetite for future
“We pride ourselves on our personal connection with our members and our focus on supporting small businesses,” chairperson says.
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Insolvencies to surge because of economy, rise in court wind-ups
More aggressive action by the ATO and big four banks combined with the mortgage cliff make the rest of the year “challenging”, says Insolvency Australia.
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Reforms to wholesale investor rules desperately needed: CPA
The accounting body is calling for a review of the wholesale investor tests, with the government currently examining the rules as part of its managed investment scheme re...
PwC partner wins reprieve from forced retirement
Court finds the firm failed to show its reasons for acting against Richard Gregg in the wake of tax scandal.
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AI ‘perfect for the heavy lifting on routine tasks’
Many functions such email queries or picking up anomalies in returns lend themselves to the technology, says Damien Greathead of Intuit QuickBooks.
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MYOB adds novated car leasing to Flare Benefits app
Software developed with the fintech company Flare allows SMEs to offer employee benefits in line with those of large employers.
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Penalty amnesty tempts 7,000 small businesses back into tax system
UPDATED: The budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
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AFSA sharpens teeth as personal insolvency numbers rise
A modernisation program will simplify the system for most so the regulator can focus on “bad actors”, chief executive says.
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Cross-border partnership creates Canadian CPA pathway
An agreement between CIMA and CPA Canada fast-tracks reciprocal membership between the two bodies.
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