Business

Grant Thornton makes job cuts to management consulting group

Chief executive Greg Keith cited “ongoing challenges within the retail market” as contributing to the redundancies.

15 March 2024 • By Miranda Brownlee

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Business

PwC axes over 300 jobs in major restructure

The firm will make 329 roles redundant and accelerate the retirement of up to 37 partners as it moves in a new...

13 March 2024 • By Miranda Brownlee

Tax

Full Federal Court rejects ATO’s anti-avoidance ruling

In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger...

14 March 2024 • By Miranda Brownlee

Tax

Former ATO employee jailed for accepting bribes

A former Tax Office employee has been sentenced after accepting bribes for reducing millions of dollars in tax debts.

13 March 2024 • By Miranda Brownlee

Business

AFSA’s positive discrimination makes inroads for female trustees

The intervention to attract more women into the conservative profession dominated by men is working, according to CEO...

13 March 2024 • By Christine Chen

Business

Invoice defaults climb to record highs: CreditorWatch

Payment defaults from business-to-business transactions are at record highs despite a slight improvement in...

13 March 2024 • By Miranda Brownlee

Business

Blame game erupts over ATO’s client-agent linking

Widespread confusion caused by the process shows something has gone wrong, but tax agents, professional bodies and the...

13 March 2024 • By Christine Chen

Super

Allowing super for housing would ‘inflame’ market, warns SMC

Enabling super members to use retirement savings to buy a house could unleash a price rise of nearly $75,000 in...

13 March 2024 • By Miranda Brownlee

Business

ATO’s adviser strategy zeroes in on late-paying partners

Private, wealthy professional advisers are less compliant than the ATO had expected and are therefore being targeted...

11 March 2024 • By Miranda Brownlee

Business

Guide to business resilience launched amid rising insolvencies

Vantage Performance and CreditorWatch have released a guide for assisting businesses to put resiliency plans in place.

11 March 2024 • By Miranda Brownlee

Business

Tax Office targeting DPNs at directors with high-value assets

The ATO is increasingly using data-matching tools to identify which directors have the assets to meet director penalty...

11 March 2024 • By Miranda Brownlee

Business

Former accountant pleads guilty to stealing from clients

Damien Luscombe pled guilty to making fraudulent transactions from client accounts at the Victorian County Court last...

11 March 2024 • By Miranda Brownlee

Regulation

Don’t get distracted by PwC’s reforms, senator warns

PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator...

11 March 2024 • By Christine Chen

Tax

ATO welcomes SGSP Australia Assets settlement as win for taskforce

The settlement resolves a dispute relating to SGSPA Australia’s $800 million convertible instruments.

11 March 2024 • By Miranda Brownlee

Business

ATO pays businesses $150 to vent on client-agent linking

The Tax Office plans to hold a series of paid consults with taxpayers who have recently been through the revised...

11 March 2024 • By Christine Chen

Business

First-ever Women in Finance Network Lunch launches

As the world celebrates International Women’s Day today, Accountants Daily is proud to host the first-ever Women in...

07 March 2024 • By Miranda Brownlee

Business

Unregulated, aggressively profit-driven: Senator speaks on the big 4

In an exclusive interview, Senator Barbara Pocock shares insights from the inquiries into the big four consulting firms.

07 March 2024 • By Miranda Brownlee

Business

Labor pledges to pay super on parental leave

After years of lobbying and broken promises, Labor has announced plans to pay super on paid parental leave...

08 March 2024 • By Miranda Brownlee