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Payroll tax ruling ‘financially devastating’, dentists warn
As many as 60 per cent of dental practices in NSW are expected to receive tax bills, the Australian Dental Association says.
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Key business data points to ‘sharp rise in company collapses’
Business activity below pre-pandemic levels and rising payment defaults paint a gloomy picture, according to CreditorWatch.
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Small business ‘dying from a thousand cuts to consumer spending’
High street data from MYOB suggests every rate increase comes with a sharp downturn in purchases and Christmas is critical.
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You’re the voice and CA ANZ understands it
Members are bound to disagree on the issue but the body remains committed to the Uluru Statement from the Heart, it says in wake of referendum loss.
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Government outlines rules regime for crypto platforms
Digital asset providers will come under existing financial services laws and need an AFSL under proposals just released.
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Logistics company fined for underpaying hundreds of migrants $3.6m
Federal Court imposes a $558,000 penalty on the business for deliberately short changing holiday visa holders over five years.
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Carbon acquires fourth Victoria office with bookkeeping takeover
Based on the Mornington Peninsula, Rad Bookkeeping & Business Solutions is the group’s seventh acquisition this year.
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KPMG UK hit with record £30m for audit failures
The firm overlooked numerous signs that multinational construction company Carillion was loss-making in the three years prior to its collapse, the FRC says.
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Accountants ‘should act early on tax debt red flags’
Seeking help sooner rather than later gives a business owner more options and leads to a better result for all the stakeholders, say two insolvency specialists.
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Tax Institute appoints Scott Treatt as CEO
The former general manager of tax policy and advocacy takes over with a mission to empower the tax community.
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Disability NFP back pays staff $6.5m after ‘fundamental’ payroll error
The FWO has secured its fifth enforceable undertaking in FY2023–24, and its third involving a not-for-profit care provider.
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Hackers eye financial businesses for payday, says cyber expert
Security company Trustwave said hackers have been breaching businesses’ networks by crafting convincing phishing emails with generative AI.
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Xero adds gen AI to help desk, promises faster service
The release underscores the accounting software company’s rapid adoption of AI.
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PwC has lost social licence to self-regulate: Senator Pocock
The reforms PwC plans to adopt in response to the tax leaks scandal have no teeth and will not see a significant shift in behaviour, the Senate inquiry heard.
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ATO to launch upgraded website next month
After almost a decade, the current design moves aside for a more streamlined, intuitive online service, the Tax Office says.
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$3m super tax will thump thousands of SMSF members with $80k bill
More than one in eight will experience “liquidity stress” trying to meet the tax obligations, a report by Adelaide Uni says.
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CA ANZ fails to deliver for smaller firms: ChangeGPS
The accounting bodies look weak beside the representative organisations of other professions, says Queensland software outfit.
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Accounting bodies oppose increase to bankruptcy threshold
A rise in the default figure to $20,000 will fail to alleviate cost-of-living pressures, say CPA Australia and CA ANZ.
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How to service clients from Indigenous backgrounds
Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients, according to a finance coach.
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Treasury names 3 members to bolster TPB
The appointments of two lawyers and one tax professor aim to bring a “diversity of skills and experience” to the board.
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