Regulation

ATO ‘hell bent’ on chasing down $34bn in small business debts

Insolvency professionals warn the Tax Office is using DPNs and legal action to take a “far more aggressive” recovery...

21 June 2024 • By Miranda Brownlee

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Technology

Ditch ‘error-prone’, insecure invoicing methods, says ASBFEO

Switching to e-invoicing cuts cyber risks and improves payment times, the small business ombudsman says.

20 June 2024 • By Christine Chen

Business

Government urged to fast-track visas for migrant accountants

Firms are struggling to hire enough local workers to meet demand caused by insolvencies and reporting requirements,...

20 June 2024 • By Christine Chen

Business

Consumer pullback fuels record insolvency wave: CreditorWatch

The long-awaited cut in spending has arrived and is hitting energy, education and mining businesses the hardest.

20 June 2024 • By Christine Chen

Tax

NSW to rebate payroll tax, waive debts in $189m GP bulk-billing push

The Australian-first initiative is expected to end the uncertainty for contractor doctors and make appointments...

19 June 2024 • By Christine Chen

Business

RBA makes cash rate call for June

The Reserve Bank has handed down its latest interest rate decision following higher-than-expected inflation data.

18 June 2024 • By Miranda Brownlee

Regulation

Dob-in provisions could apply ‘retrospectively’, warns IFPA

The TPB’s draft guidance does not rule out whether practitioners will be required to report offending actions that...

18 June 2024 • By Christine Chen

Business

Small business to get bigger share of $75bn federal spending

The government has set more ambitious procurement targets that require SMEs to receive 25 per cent of all contracts...

18 June 2024 • By Christine Chen

Tax

NSW seizes ‘low-hanging fruit’ with new land tax slugs

Property owners have become an easy target for state governments to raise revenue, but experts warn the measures will...

18 June 2024 • By Christine Chen

Regulation

Annual tax agent registration fees introduced to boost oversight

Tax agents will now pay an annual fee of $273 from July instead of $704 every three years.

18 June 2024 • By Christine Chen

Business

Finalists unveiled for Australian Accounting Awards 2024

Almost 300 finalists are set to battle it out for the trophies at this year’s prestigious awards.

17 June 2024 • By Christine Chen

Business

Fear of failure, skills gap stifle aspiring business owners

The barriers come despite Australia being the “perfect breeding ground” for starting a business, according to a recent...

17 June 2024 • By Christine Chen

Tax

Freight company wins small business CGT concession dispute

The dispute in the AAT turned on competing asset valuations by PKF and KordaMentha, on behalf of the ATO.

17 June 2024 • By Christine Chen

Business

KPMG consulting overhaul to claim 200 jobs, cut $80m in costs

The savings will be redirected to high-demand advisory work focusing on technology and AI.

17 June 2024 • By Christine Chen

Appointments

Grant Thornton promotes 4 to partner

The mid-year promotions take the firm’s partner count to 175, with 10 coming in the past year.

14 June 2024 • By Christine Chen

Business

William Buck to open doors in Canberra, eyeing government clients

The mid-tier firm will acquire accounting boutique Link Capital Partners effective 1 July.

14 June 2024 • By Christine Chen

Regulation

Yearly grilling of accounting bodies needed, inquiry says

The inquiry’s final report calls for CA ANZ, CPA Australia and IPA to report annually to Parliament to ensure...

14 June 2024 • By Christine Chen

Regulation

Greens push for 5-year ban on government work for PwC

The Greens party have called for PwC to be restricted from tendering for government work for five years in the final...

13 June 2024 • By Christine Chen