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RBA reveals first interest rate decision for the year
The Reserve Bank of Australia has announced its decision on the cash rate following a significant annual increase in inflation.
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Wesfarmers’ subsidiaries to back pay over $4.8m
Nine ancillary firms have entered into an enforceable undertaking after underpaying more than 3,400 employees.
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CA ANZ students now qualify for fee assistance scheme
The body’s graduate diploma courses have been recognised under the Fee-Help program, which subsidises study loans.
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Does ChatGPT have any of the answers for accounting?
Bot and AI systems should be exploited by practices to improve efficiency, say experts.
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S100A rules to ‘double the price’ of trust distribution work
A sequence of documents will be required to avoid raising red flags with the ATO, says Change GPS.
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Small business relying more heavily on accountants: Xero
Survey finds more practices support their clients with wide-ranging advice as a result of deeper ties forged during the pandemic.
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Better the devil you know for employees with recession fears
Economic uncertainty is causing staff to strive for promotion with their current employer rather than look elsewhere.
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Accountants ‘slowest’ to dip toes in offshore staff market
Unwarranted concerns about data security mean tax agents are missing a trick compared with other finance professionals, says specialist.
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ATO plans publicity campaign for final WFH guidance
More demanding record-keeping requirements in the November draft have been in place since 1 January.
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‘Values-based capitalism’ needs quid pro quo for business
For banks and super to support a social impact fund, the Treasurer must ensure the private sector can still meet its purpose, say tax specialists.
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AFP swoops on $150m money laundering operation
Nine charged in Sydney raids for allegedly filtering the proceeds from international crime on an “industrial scale”.
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ATO pursues sham not-for-profits set up to dodge tax
The office has been tipped off that “private foundations” are being created to take advantage of charitable concessions.
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HLB Mann Judd appoints tax consulting partner
Promotion for Sydneysider comes after joining as a graduate and gaining experience with an HLB member overseas.
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Class brings back former business development manager
He returns to the same role after spending three years as head of sales at a superannuation firm.
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Cathro to help navigate through economic ‘perfect storm’
Advisory division will aim to assist government agencies and accountants in lessening the impact of business collapses.
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Expansion strategy fuels 42% rise in Kelly Group revenue
The specialist accounting company believes global expansion is vital and has a revenue goal of $100 million “in the near future”.
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CA ANZ members to vote on revised conduct regime
The review of how the body handles disciplinary matters is on track to report in April.
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‘Erratic’ valuation increases trigger huge leaps in NSW land tax
Small rises in the tax thresholds combined with much higher land assessments will hit family investors hardest, according to tax specialists.
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Business groups call for budget focus on growth, productivity
Tackling inflation and the skills shortage should be top of the government’s to-do list, say Ai Group and BCA.
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Aussie start-ups secure record level of funding: KPMG
Despite a global lull in venture capital, local businesses attracted a landmark $5.84 billion in investment last year.
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