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Potential downturn ‘could be fatal for one-third of SMEs’
A recession could be a knockout blow for businesses rebounding from the pandemic, says a research firm.
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Limited licence advisers ‘an endangered species’
Numbers will drop into double digits this year, according to Adviser Ratings.
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ASIC sues Auto & General alleging unfair contracts
The regulator says a requirement by the insurer imposes an “unclear obligation” that could “mislead or confuse”.
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For some, greenhushing means it’s all quiet on the climate front
As ASIC and the ACCC enforce stricter guidelines around greenwashing, many businesses are backtracking on sustainability claims.
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BGL supplies simple SMSF reporting with accountantsGPS integration
The collaboration will provide clients with a comprehensive analysis of a fund’s compliance and financial situation, says the firm.
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RBA decision ‘welcome relief’, say experts
The first rate pause after a year of increases will give the bank time to assess the full effect of previous rises.
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ATO calls on accountants to ensure smooth FBT returns
As the lodgment date looms, the Tax Office delivers an A to Z on FBT.
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Insolvent financial firms put $692m of claims in limbo, AFCA reveals
The compensation scheme of last resort will be crucial for almost 5,000 complaints on hold due to company wind-ups.
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RBA reveals landmark April interest rate decision
The RBA has announced its cash rate decision following consecutive rate rises to start the year.
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William Buck fast-tracks audit specialist to director
The firm’s Victorian branch boosts its team in a complex area during “challenging times”.
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‘Accountants key’ to meeting tighter ESG rules
Companies will look to tax professionals to help them achieve greater sustainability levels required by increasing regulation and stakeholders’ desires.
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$19m digital advice program aims to move small businesses online
Three suppliers have been named for round two of government’s subsidised technology assistance scheme.
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Seafood labelling regime ‘huge burden’ on hospitality
The small business ombudsman says proposed country-of-origin rules would be a nightmare in practice.
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BGL provides automated crypto data with Syla
The integration will make it easier for accountants facing increased crypto compliance measures as digital currency increases in popularity, says the firm.
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Fraudulent SME business insurer sentenced to nearly three years in jail
The dishonest actor obtained almost $100,000 by providing invalid insurance to small businesses.
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Two jailed for separate multi-million dollar tax fraud schemes
Joint ATO-AFP taskforce results in prison for fake BAS lodgements and the first jail term for alleged members of an international crime syndicate.
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Accountants must highlight dangers of raiding super: ATO
The Tax Office tells the industry to alert clients that there are consequences from illegal early access schemes.
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EY Australia selects pharmacy magnate as entrepreneur of the year
The Chemist Warehouse founder goes to Monaco in June to represent Australia at the global final.
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Paycepaid acquires Australian Debt Recoveries
The deal will provide accountants and bookkeepers with a fully integrated end-to-end accounts receivables system, the company says.
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ATO warns SMSF on sole purpose test for property investment
Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such as personal use of a fund asset, warned the ATO direc...
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