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Accountant charged over $26 million tax-related fraud
Police say they will allege in court that the man defrauded at least eight accounting clients of $26 million.
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ATO warns of early release schemes targeting SMSFs
Plans to channel money or assets into an SMSF to pay less tax could result in the loss of entire savings, says the Tax Office.
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Business payment defaults reach record high
Persistent interest rate rises and lingering high inflation mean companies and consumers are feeling the squeeze.
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Insolvency specialists expand to cope with rising demand
Worrells and Olvera Advisors have both promoted staff as they grow to meet the challenge of more businesses in trouble.
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Deloitte acquires data specialist firm D-Twin
The accession of the firm will enable Deloitte to provide its clients with greater expertise across product life cycle management software.
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CIMA elects 90th president with agenda to drive change
Sarah Ghosh, a UK Civil Servant, takes the reins with the goal of promoting sustainability, innovation, and inclusion.
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WA Insolvency Solutions promotes long-serving member to partner
The appointment to partner comes 21 years after he joined the firm as an insolvency graduate in 2002.
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DHL Supply Chain names successor to longstanding CFO
A former accounting function strategist takes over as regional finance chief.
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RSM Australia appoints Melbourne managing partner
The experienced partner takes on the role after over 20 years with the firm.
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Government appoints the next Fair Work Ombudsman
The handover will occur once Sandra Parker completes her term on 14 July.
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Only meaningful disclosure will stop greenwashing, says ASIC
After undertaking 35 interventions against greenwashing in the past year, the commission has declared sustainability reporting based on ISSB standards as the antidote.
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Wolters Kluwer product helps tackle OECD Pillar 2 reporting
The system will help multinational companies manage the evolving reporting requirements, according to the firm.
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Accounting bodies take aim at ‘two-tier’ NALE rules
The proposed exemption of large APRA-regulated funds from expenses within the scheme is “unfair” and “unjust”.
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William Buck promotes record number of directors, changes board
Nine more elevated to the highest leadership level in bumper year for appointments as long-serving founders move aside from MD roles.
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Robodebt report casts doubt on legality of ATO data exchanges
Royal commission recommends the government check that information sharing with Services Australia is lawful.
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Small business energy incentive ‘hobbled by short shelf life’: IPA
Time restrictions and financial constraints limit the usefulness of the measure, it says, and proving eligibility will be a burden.
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ProAdvice joins Moore to bolster Geelong footprint
The addition creates one the largest practices in the region and adds a Launceston office.
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Xero reveals $690,000 sustainability fund for small businesses
It said the Xero Beautiful Business Fund has been created to “support the future aspirations of small businesses globally.”
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Stampede to AI reined in by questions of trust
As more firms look to use the tools, there are calls for increased awareness of the challenges and risks they can also pose.
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Director banned for failed construction companies owing $20m
ASIC imposes maximum penalty for phoenix activity and deceitful SMSF scheme.
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