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14m personal records stolen in Latitude hack
The financial group confirms the cyber criminals made off with driver’s licence numbers and the personal details of million of customers.
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Investors vulnerable to financial misconduct ‘despite CSLR’
Accounting bodies support the compensation scheme but worry about the cost and want better upfront protection for consumers.
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Ex-restaurant owner penalised almost $60k for exploiting visa holder
The FWO found the manager dismissed the Bangladeshi for lodging a workers’ compensation claim.
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Accountants ‘need to raise their game on FBT’
The ATO wants tax practitioners to help police the system, says FBT specialist Paul Mather.
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Family businesses are bouncing back post-pandemic: PwC
Survey shows family firms need to embrace technology and develop clear ESG strategies for the best chance of future growth.
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AFP charges four for allegedly laundering $1.7m from cybercrime
The police claim they set up dozens of bank accounts using stolen identities to transfer money overseas.
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Unexpected work test issue impacts personal contributions
An unintended consequence with the work test changes is restricting certain types of employees and company directors from claiming a deduction for personal contributions,...
Two accountants charged over alleged $3.5m SMSF con
Police claim the Sydney-based pair defrauded almost two-dozen people over more than a decade.
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SMEs must pass on costs to survive: HLB Mann Judd
Smaller firms with a greater reliance on funding will be impacted the most by rising rates and the shifting economic environment.
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Hiring plans hit post-pandemic high, survey reveals
Three out of four businesses plan to recruit and will prioritise quality candidates over “bums on seats”.
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FWO fast food crackdown penalises Subway director over $30k
A former director has been forced to back-pay workers thousands in underpayments over two years.
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KPMG launches private ChatGPT tool as internal digital assistant
The custom tool will support its workers and help improve efficiency, says KPMG.
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Slow tech adoption ‘costs business $9m a day’
The digital skills gap among local firms can be fixed by an investment which will quickly repay itself, according to RMIT and Deloitte.
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ATO aims to recruit record 150 under Evergreen program
The scheme aims to provide employment opportunities for Aboriginal and Torres Strait Islander people at the Tax Office.
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KPMG appoints experienced South Pacific and PNG leaders
The firm sought replacements for its South Pacific leader, who retired after four decades of service.
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Satisfaction with super funds plummets from record high
Rate rises, share market volatility and fund mergers have combined to dent customer confidence, Roy Morgan data shows.
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ATO warns businesses to check FBT claims as deadline nears
Electric vehicles become exempt from the levy for the first time and Mazars expects an influx of salary packaging requests.
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Xero signs preferred supplier agreement with Allinial Global
The accounting association boasts 260 members across more than 100 countries.
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Directors cop maximum ban for failed companies with $8.5m debt
Phoenix activity and improper behaviour involving multiple company failures results in five year disqualifications for two directors.
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Cafe fined $115k for underpaying staff, falsifying records
A Victorian Coffee Club outlet breached record-keeping and payslip laws, including making false time and wages records.
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