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Joint ATO operation smashes $137m fraud and exploitation ring
A two-and-a-half year investigation uncovers cash payments and tax avoidance involving illegal migrants working in the building industry.
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Experienced financial planner joins Slipstream coaching team
Brisbane-based boutique firm adds “impressive business leader” to help guide accountants and advisers.
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ASIC crackdown claims 8 more SMSF auditors
Five disqualifications and three conditional registrations add to the regulator’s tally of more than 400 actions in its compliance crusade.
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WA takes GP payroll tax off the table
State Treasurer says most doctors at medical centres “are considered contractors running an independent business”.
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Associations call for extension of energy incentive
Unless the timeline is extended the incentive risks ‘failing to achieve its objectives’, says COSBOA.
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Australia faces ‘deep per capita recession’: Deloitte
After factoring in population growth, economic activity in two years will be at 2021 levels, says the latest Deloitte Access Economics forecast.
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ATO reveals characteristics and behaviours it will focus on
Accountants must make their clients aware of behaviours that will attract the ire of the ATO.
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Almost $700k recovered for over 1,000 underpaid workers
FWO inspectors investigated 84 food precincts across Melbourne with 86 per cent found to have breached workplace laws.
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Submissions open for Women in Finance Awards 2023
Nominations and submissions have now opened across 29 categories for the seventh annual Women in Finance Awards.
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‘Over a third’ of accountancy tasks could be automated by AI
Generative AI could contribute $13 billion to Australia’s professional and financial services sector by 2030, enabling accountants to shift towards a more advisory role...
Findex audit arm first to adopt permanent 9-day fortnights
Crowe pioneers the move after a six-month trial and other branches of the firm will now test the idea.
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Accountants must question non-financials to improve risk management
As trusted advisers to SMEs, accountants need to discuss with their clients the impact non-financial metrics can have on their firm’s development.
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CPA Australia CEO quits to pursue career in Europe
Andrew Hunter to leave next year after five years running the body in the wake of the Alex Malley affair.
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Healthcare provider underpaid staff $4.86 million
The charitable organisation run by St John Ambulance Western Australia underpaid 446 current and former employees between 2013 to 2021.
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Over 80% of SME owners have made costly mistakes: Xero
Small business owners admitted to pivotal errors they made when starting and what they wish they did differently, including working with an accountant.
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Fintech partners with rideshare platform for gig economy tax services
The collaboration comes as the ATO pursues approximately 10,000 taxi and rideshare drivers for a debt of $40 million.
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ASIC bans 2 directors for 6 failed companies, $3m in debts
Regulator finds range of misbehaviour from lack of tax lodgment to trading while insolvent.
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Grant Thornton appoints 3 industry leaders
The selections support its ambition to seek out diverse perspectives that challenge when necessary to deliver progress in each business, said the firm.
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CA ANZ appoints board director with a focus on professional standards
The non-executive director at NAB, SBS, and the NSW Cancer Council said he will be committed to member services.
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Big 4 operate ‘beyond the law’ as ‘pseudo corporations’
Self-regulation of the industry has failed, Professor Brendan Lyon tells senate inquiry, because CA ANZ has ‘little incentive to police its largest firms’.
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