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Joint bodies reject ‘two-tier’ approach to NALE reforms
The government has been told to scrap its amendments to the non-arm’s length expense rules with industry associations raising concerns about the creation of a dual tax ...
Tread warily ‘or risk fallout’ with clients in distress
Accountants can become collateral damage when a business runs into trouble if they fail to avoid the pitfalls, insolvency specialist warns.
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QAR ‘will fail to make financial advice affordable for most’
The licensing regime looks certain to remain out of sync with people’s guidance needs, says fintech chief.
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Accountants ‘should cull one-third of their clients every year’
Problematic clients take accounting firms for granted and are a waste of resources, says one consultant.
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‘Scale your impact’, says female executive
Women in leadership roles must scale their impact by mobilising their team to create value for their organisation, according to an executive.
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Acquisition-hungry Count buys Canberra accounting boutique
The firm’s latest deal adds over 700 clients to its existing 39,000-strong base.
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Property developer cops ban for 5 failed companies owing $12m
Canberra director disqualified for two years by ASIC for hands-off approach to management, lack of care and diligence.
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Payday super will punish small business, says NTAA
Phase in the start date or give companies with less than $5 million turnover a waiver, urges the lobby group.
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COSBOA board adds diverse experience with 2 appointments
The nine-member leadership group is ideal to tackle challenges facing the small business sector, the body says.
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ASIC scam-buster tech blitzes thousands of dodgy websites
Fake investment and crypto platforms along with impersonator sites have been detected and disabled, the regulator says.
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Expanded Victoria land tax ‘to hit SMSFs with property’
Residential property that remains vacant for six months out of the year will be subject to the levy, a lawyer warns.
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Insolvency Australia sets up helpline for distressed businesses
The first-of-its-kind free service aims to connect individuals or businesses with registered specialists.
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Sole traders ‘miss out on $3.5bn in tax deductions’
More than four out of 10 fail to claim all of their business expenses, says one digital accounting services provider.
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Former EY partner in tax exploitation case a ‘rogue operator’
The firm says the former partner admitted receiving $700,000 and was sacked last year.
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ATO pursues former EY partner for alleged tax exploitation scheme
The Tax Office has filed a civil case in Federal Court under the promoter penalty legislation.
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’Sooner rather than later’ vital for succession planning
After countless health battles, broker Louisa Sanghera became all-too-aware how important it is to think of the future.
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Prosperity Advisers acquires Brisbane firm to expand SME business
Boutique firm P+Y is set to join forces with Prosperity Advisers after a year of talks.
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$22bn in unpaid invoices means Christmas stress for business owners
Many will be chasing unsettled accounts instead of relaxing, Intuit QuickBooks survey finds.
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Bondi bar fined $164k for underpaying workers, faking documents
The Fair Work Ombudsman says it is taking “appropriate action” to protect vulnerable employees, cracking down on businesses that do not comply with its compliance no...
Tax agents hit with ‘petty’ ATO list of old debts as little as 4c
UPDATED: Practitioners predict additional workloads as they seek to reconcile debts recently resurrected by the Tax Office, with one saying the administrative costs outw...
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