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SA medical centres win payroll tax reprieve One-year amnesty gives health centres time to adjust until and “helps to secure the future of general practice” in the state, says RACGP. ...
One in four households raids savings to make ends meet The rising cost of groceries, energy and fuel are forcing consumers to dip into nest eggs, a survey finds. ...
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Inflation slows to lowest level in more than a year However, excluding price moves in volatile items shows only a modest fall in underlying inflation, the ABS says. ...
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What tax agents must tell SMEs before 30 June With only a few days until the end of the financial year, there are three things small businesses need to know, according to the ATO. ...
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KPMG Australia elects next national chairman The national managing partner takes over the position from Alison Kitchen in September. ...
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ISSB standards to provide clarity for businesses  While they may not be the primary target of the sustainability framework, SMEs must be aware of the impact they could have as part of a supply chain. ...
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Accountant faces 10 years’ jail, charged with forging signatures ASIC alleges the accountant falsified signatures in audits of 12 clients between 2015 and 2020. ...
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Avoid lodging returns too early, warns ATO Waiting for all pre-filled data to be gathered before lodging is the best way to avoid processing delays and follow-up questions, says the Tax Office. ...
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ATO reveals refreshed charter The Tax Office says the charter has reinforced its commitment to the Australian community. ...
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TPB bans agent for 5 years over $16m in undeclared income  The organisation found the tax agent also failed to lodge 54 BAS and 23 income tax returns. ...
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RSM Australia appoints 3 additional partners The firm said the appointments are in response to the increasingly complex environment and demands from clients. ...
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PwC’s $1 deal an attempt to ‘phoenix’ its government relationship The global organisation has taken greater control of the Australian firm’s mishaps, parachuting in one of its own as the next CEO. ...
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Small businesses account for one-third of Australia’s GDP However, less than 10 per cent of SME owners are under 30, less than half of what it was back in the mid-1970s. ...
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Firms should embrace AI to increase efficiencies Accountants will not be replaced by AI but instead by those in the industry that know how to best leverage it. ...
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Beware of personal guarantees, warns insolvency firm The organisation described them as a ‘business owner’s kryptonite’ with the ability to lead to bankruptcy. ...
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Are we witnessing a skills recession? Almost 90 per cent of organisations have reported experiencing skills shortages, and accounting is not immune. ...
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BDO appoints 17 partners for 1 July promotions The appointments reflect the firm’s commitment to developing its employees through to the partner level, it said. ...
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RBA governor’s fate to be revealed in coming weeks  The decision on who will take on the “big job” will be made in July before Parliament returns, said the Treasurer. ...
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COSBOA pushes for global ESG standards to combat greenwashing Australia must adopt internationally recognised ESG standards in order to stamp out greenwashing, says COSBOA. ...
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PwC partners held ‘no regard for their obligation to confidentiality’ A “six-year-old child of normal intelligence” would know what conspired at PwC was wrong, from the cover-ups to the hindering of the ATO’s investigation. ...
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