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Staff swapping to lucrative contractor roles ‘blind to fallout’
CPA Australia says legal changes leave members with tricky problems and the ATO needs to reinstate key online resources.
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Xero appoints former Google VP as chief product officer
Diya Jolly takes over from Anna Curzon, who has taken leave from the company due to personal and family health reasons.
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Details of tax calculation for $3m threshold a ‘mixed blessing’
The proposed tax on earnings calculation for balances exceeding $3 million will see some members paying tax on unrealised earnings, says the SMSF Association.
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ACCC sweep uncovers dubious green claims by one in two businesses
An online review by the regulator finds many fail to make “legitimate changes to practices and procedures”.
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Today, half of Grant Thornton’s tax department has other plans
The firm has just begun a pioneering trial of nine-day fortnights that threatens to overturn the conventional work week.
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House building approvals slump to decade low
UPDATED: ABS figures for January show huge falls in residential and non-residential construction.
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Perth RSM partner appointed to chair of Asia-Pacific
An experienced member of the firm’s international board moves into regional role.
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CreditorWatch launches receivables management system
The Collect tool will enable businesses to stay on top of cash flow and get paid faster, it says.
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Mackay Goodwin pioneer AI ‘saves 30% of staff time’
Bespoke robotic process software can do a BAS in minutes and liberates staff for more valuable work, the firm says.
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Super tax increase ‘raises retrospective CGT issues’
Labor’s move to double tax on balance earnings above $3 million throws up a problem with unrealised capital gains.
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Grant Thornton overhauls tax team leadership
A change at the national managing partner for tax position has seen reappointments throughout the business.
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GDP grows but slows, while inflation edges lower
UPDATED: The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
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Ignition invites entries for global women in accounting awards
Now in its sixth year, the awards recognise 50 at the forefront of the tax profession.
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ATO tightens GST assurance on top 1,000 companies
An analytical tool cross-checks BAS against audit outcomes to ensure the correct amount is paid.
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Super tax singles out small group who played by the rules: CA ANZ
Labor’s decision to double the tax on super balances above $3 million moves the goalposts yet again, the body says.
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Businesses to be protected by greater cyber security investment
Enhancing national regulatory frameworks and improving cooperation across both the private and public sectors will be key to increasing digital protection.
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Empower women with financial literacy, Tesla chair urges
Robyn Denholm makes a call to arms during a panel discussion ahead of International Women’s Day.
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Government doubles tax on super balances above $3m
Just 80,000 will be hit by the impost which “does not change the fundamentals of the system”.
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Retailers must hang tight through a tough 2023, says Deloitte
Tight economic conditions will hit discretionary spending but there is light at the end of the tunnel, it says.
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ASIC launches greenwashing court action against Mercer
The first legal case comes after the regulator issued over $140,000 infringement notices for greenwashing last year.
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