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Rising recession fears dampen SME revenue predictions
Four in 10 small businesses say their business is now worse off than before the pandemic despite relatively strong financial performance in May, according to a recent sur...
Tax professionals to be held to higher SMSF standards
After an almost $180,000 tax shortfall from a chartered accountant and approved SMSF auditor, the ATO has reiterated its higher standards for tax professionals.
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Intuit reveals generative AI system across its platforms
The AI will have custom-trained financial language models specialising in solving, tax, accounting, cash flow and personal finance challenges.
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TPB bans agent for 3 years over ‘serious misconduct’
The board found false and misleading statements of experience as well as failure to meet taxation requirements in personal affairs.
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ATO tells small businesses to come clean
Those with overdue tax returns or business activity statements have until 31 December to come clean as part of the Tax Office’s amnesty.
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Ethics board declares PwC tax case a ‘breach of standards’
A director of the independent standard setting board who works for PwC has denied any involvement in the matter.
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RBA surprises businesses with cash rate rise, ‘risks recession’
Stagnant high inflation and growing wages mean further increases are on the horizon according to the board.
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RBA reveals greatly anticipated June rate decision
The Reserve Bank has divulged its June cash rate decision in light of the ABS’s recent Consumer Price Index indicator.
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Deloitte acquires Australian arm of international consulting firm
The move will allow the firm to grow its human capital and payroll management and expand its knowledge with Ceridian’s cloud technology.
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Government warns of tax time scams
As tax time comes into focus so does the increase in fraudulent actors looking to catch individuals out, with almost 20,000 scams already reported.
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BDO expands presence with experienced appointments
All three bring expertise from their time at big four firms.
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Businesses oppose ‘same job, same pay’ IR changes
A joint statement from business associations of all sizes claimed the policy would reduce productivity.
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Government to act on migrant worker ‘crisis of exploitation’
The announced measures will help protect vulnerable workers after it found one in six migrants in Australia is paid less than minimum wage.
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Taxpayers must ensure they are ‘tax literate’: CPA
Australia’s complex system means too many people are making costly mistakes on their returns, says the association.
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Businesses are relying on poor managers due to the pandemic
The labour shortage and pandemic have left companies haemorrhaging due to inadequate supervisors, says a CEO.
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Small business increasingly ‘vulnerable to cyber attacks’: COSBOA
The risk of cyber attacks is growing for small businesses with four in 10 having experienced an attack already, a recent report reveals.
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Over a third of accountants are considering leaving in next 5 years
The search for a healthy work/life balance was the primary reason, particularly for those under 25, says Dext.
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Paycepaid appoints experienced professional to head of sales
The selection brings extensive expertise across the global payments industry.
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Rising living costs impacting businesses and employees at EOFY
Almost 30 per cent of Australians are looking to save money by doing their own tax return, research reveals.
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International accounting and law bodies announce MoU
The agreement will expand the cooperation between the two with a focus on improving anti-corruption efforts.
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