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Chalmers names ‘tax expert’ Rob Heferen as next commissioner
Incoming ATO chief replaces decade-long incumbent Chris Jordan in March.
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Jones creates fee-free adviser category for banks, super funds
Government reforms aim for simple guidance at scale without “unnecessary red tape”.
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90% of SMEs to dial back borrowing in 2024, survey finds
Higher borrowing costs and living pressures have prompted small and medium businesses to adopt a raft of conservative strategies.
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ATO waives $48m under lodgement amnesty
Small businesses only have until the end of December to take advantage of the scheme, the Tax Office warns.
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Business confidence plummets, two-thirds gloomy about 2024
The November rate rise confirmed a record run of pessimism, the latest Roy Morgan index shows.
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CPA Australia ‘descends into chaos’ as exec quits after 3 months
Head of the key Learning and Innovation group walks on the eve of next wave of job cuts.
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Scammed Tassie firm recovers $150k in AFP ‘money mule crackdown’
Police have arrested 18 alleged “money mules” across the country for their role in laundering $2.6 million of cyber crime funds.
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Name-and-shame regime to clamp down on late payers
The government will implement all the recommendations of the Payment Times Reporting Scheme review, minister says.
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University wage theft balloons to $159m
The widespread use of casual workers has enabled “rampant” underpayments across all major universities, the NTEU said.
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Holiday sales, January CPI ‘critical’ to RBA’s next move
Commentators are divided over whether the bank has done enough to rein in inflation after holding rates at 4.35 per cent.
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RBA holds the cash rate steady at 4.35%
Below-trend growth and the impact of last month’s raise means steady as it goes.
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ATO pursues Coca-Cola for $174m diverted profits tax
The Tax Office’s arguments echo those raised in its landmark win against Pepsi last week.
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CPA Australia faces member revolt over job cuts, losses
The country’s largest professional accounting body grapples with a crisis of member confidence.
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Longevity demands ‘fresh approach to retirement’
Greater funding flexibility plus policy and attitude changes are essential as we increasingly live decades after finishing full-time work, Actuaries Institute says.
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AccountantsIQ tackles tax challenges of ageing
AgedCareIQ addresses the growing demand from accounting firms and the general community.
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Wage slowdown ‘should prompt RBA pause’
Payroll data has revealed a marked slowdown in rises, Employment Hero says, as it urges restraint on the central bank.
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ATO wins landmark diverted profits case against Pepsi
The Tax Office says its victory in the Federal Court should prompt multinationals with similar arrangements to review and reassess.
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Start-up grant program a ‘golden chance for accountants’
A $392 million program aiming to help small business commercialise ideas allows public practices to extend their advisory work, says one business consultant.
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Raise scam defences or face penalties, business told
A Treasury consultation paper proposes a sweeping, “whole-of-ecosystem” approach to prevention.
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Big 4’s toxic culture ‘alive and well’, says Labor senator
Despite nearly 10 months passing since the PwC tax scandal broke, Deborah O’Neill says the audit and consulting industry should not be so quick to move on.
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