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Festive work parties must dance through an FBT ‘minefield’
H&R Block says many companies trip over the tax unawares as the ATO issues a seasonal reminder.
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‘Integrity issues’ prompt ATO to clarify rules for R&D incentive
Review claims by clients and voluntarily disclose errors, the Tax Office urges.
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Caddick fraud victims target class action against SMSF auditors
Annual checks failed to confirm the investment assets – which turned out to be fake – actually existed.
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ATO ‘takes tougher line with tax debt payment plans’
Billions in collectable debt mean the Tax Office is working to shorter time frames and responding more quickly to inaction, a PwC director cautions.
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Taskforce seizes illegal tobacco worth millions in dozens of raids
A specialised unit involving the ATO has swooped on stores across Victoria in an attempt to stamp out a tobacco turf war between rival crime gangs.
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CA ANZ proposes simpler solutions to $3m super tax
The government should consider simpler and more effective solutions to the current policy proposal for the $3 million super tax, says CA ANZ.
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Aldi to face $150m wage theft class action suit
The country's largest retail worker union is accusing the supermarket chain of making thousands of its employees work before their shifts without pay.
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ASIC prosecutes 100 for failing to assist liquidators
The corporate watchdog has released its latest prosecution figures amid parliamentary scrutiny over its enforcement powers.
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Business owners are seeking exits without a plan, survey finds
Accounting firm William Buck warns most owners are “flying blind” when it comes to maximising the value of their business at the point of sale.
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75% of shoppers to scale back Christmas spending, PayPal says
A survey by the payment company shows that consumers are most concerned by grocery and fuel costs this festive period and are changing their spending habits to cope.
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ATO flags small business tax debt, SG as target areas
Addressing collectable debt and improving small business tax performance continue to be critical focus areas, the ATO warns in its annual report.
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Woman jailed for 20 months over $250k GST fraud
The Tax Office says it is stepping up its enforcement actions under Operation Protego and has urged offenders to come forward or face severe consequences.
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AFP busts $229m Chinese money laundering operation
The complex scheme was conducted through money remitters operating for years in “plain sight” and allowed gang members to lead lavish lifestyles in Melbourne.
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CA ANZ members approve tighter conduct rules
All resolutions have passed overwhelmingly despite low voter turnout.
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Business training key to empowering women in finance
A women’s advocate and mentor has outlined the tools female finance entrepreneurs require to thrive as leaders.
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Most bosses offer pay rises to keep valued staff
Counteroffers have become routine as employers struggle to retain talent, says recruitment specialist Hays.
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September CPI means another rate rise on the cards, observers say
The second monthly rise in the annual rate means the RBA will have little choice – although it may pause next week.
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ASIC bans father and son directors for 4 years
The two were involved in the failures of three construction services companies on the NSW Central Coast.
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September quarter CPI falls, but notches second monthly rise
The latest ABS data record three consecutive quarterly inflation decreases despite some upward price pressures on fuel and electricity.
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Small business sales growth slows after strong first half
Third quarter deceleration takes demand back to pre-pandemic levels, the latest Xero data shows.
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