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Fraudster who claimed $830k in GST refunds gets 7.5 years’ jail
ATO says the sentence shows offenders should come forward or face severe consequences.
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Government releases draft legislation for objective of super
The government says the goal is to provide a shared understanding of superannuation and ensure it focuses on saving for retirement.
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Police seize cigarettes, tobacco worth millions in lost tax
Money laundering investigation conducts raid in Queensland and needs five trucks to haul away alleged contraband.
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ASIC bans directors for multiple company failures, $11.5m in debts
Two unrelated directors have been disqualified for failing to meet their duties, including concerns that they traded while insolvent.
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PwC partners to cop 30% pay cut after ‘challenging year’
Revenue growth of 11 per cent to $3.4 billion has yet to reflect the imminent sale of its consulting arm and reputational damage, the firm says.
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ATO hits SMSF trustees with record disqualifications, fines
The sanctions come as the Tax Office intensifies efforts to stop trustees from overstepping the mark.
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Canberra mulls screen scraping ban over cyber crime concerns
The government seeks submissions on a “deeply disconcerting” data capture method widely used by the finance industry.
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Regional NSW accounting giant Boyce celebrates half-century
The top 40 firm expanded from Cooma five decades ago to take in towns from Moree to Bega.
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Construction insolvencies on the rise as building approvals drop
This financial year has already seen hundreds of insolvencies in the construction sector as the number of approved dwellings continues to fall.
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1 in 3 suffer financial stress, cut spending across the board
More people are cutting spending and renegotiating bills than during the height of the pandemic, ANU survey finds.
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Late payments drive business adoption of e-invoicing
Digital systems are seen as the answer despite concerns over scams and fraud, according to research from Stripe.
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Bank lending to small business leaps 28% in FY2022–23
Total outstanding credit reaches almost $600bn with loans to small business up by one-third, the ABA says.
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Perth man jailed, ordered to repay $110k in fraudulent GST refunds
Many of the thousands being pursued for bogus GST claims will be in debt to the ATO for years, police warn.
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Inflation slips to lowest annual figure since last February
UPDATED: ABS data shows CPI on steady downward trend helped by falls in petrol and vegetable prices.
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PKF elevates 2 to partner level for ‘dedication, proficiency’
The Sydney and Newcastle operation promotes a total of 26 staff as part of its commitment to nurturing talent.
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Local pullback on AI stalls take-up in Asia-Pacific
Fewer Australian and New Zealand businesses using AI offset increasing rates of adoption in Asia, a CPA Australia survey finds.
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Planday targets rapid expansion of award coverage
Hospitality cover, just announced, will soon be followed by other sectors from automotive to hair and beauty, the software supplier says.
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How a wobbly drinks brand dodged last orders
Non-alcoholic beverages company Sans Drinks has become an object lesson in the benefits of voluntary administration, says Jirsch Sutherland.
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Carbon Group expands in Sydney with Numeric Eight takeover
The bookkeeping and accounts management operation becomes the latest in a string of acquisitions for the Perth-based outfit.
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Text messages become the scammer’s weapon of choice
Bogus investments aimed at older people reap the most rewards in a “golden era” for fraudsters, BDO finds.
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