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Over half of SMSF directors yet to apply for director ID
Directors of corporate trustees for SMSFs will need an ID by 30 November.
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Small business debt and tax gap at top of ATO hit list
Second Commissioner says the sector is the biggest culprit and digitisation will be key to bringing it around.
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Budget to focus on inflationary pressures, cost of living: Treasurer
Next Tuesday also introduces a wellbeing budget to report on health, climate impacts, and child poverty.
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Crypto exchange launches a digital asset Mastercard
The card allows Coinspot users to purchase anywhere that accepts Apple or Google Pay.
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ATO ‘hit by 3m cyber attacks a month’
Second Commissioner says criminals are getting smarter about identity theft and the tax infrastructure is vulnerable.
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ASX 100 outperforms top globals on ESG, says KPMG
Almost 90 per cent of the top 100 Australian businesses recognised climate as a financial risk up from 78 per cent in 2020, says the firm.
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Slug on high-income earners a budget option: H&R Block
Cost-of-living support could be funded by a levy on the top marginal rate, says executive.
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Government ramps up director ID campaign as deadline looms
The Albanese government steps in with a publicity campaign after figures revealed only one-third of directors have applied for ID.
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Small business will rely on ‘most important budget in a decade’
Vital that government supports the sector with a range of reforms, says COSBOA.
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Politicians damned for ‘dumb’ attempts at tax reform
Australia is saddled with an overcomplex system that punishes families, former ATO lieutenant says.
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‘It went over the top of the sandbags — water got in regardless’
Accountant in flood-stricken Victoria battles to help community despite inundated office.
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Debt crusade means more DPNs on the way, says BDO
The ATO will accelerate its mail-out of director penalty notices in an attempt to reduce the huge amount owed by small businesses.
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Takeaway faces $250,000 fine over child labour laws
Allegations include failure to obtain a permit, shifts exceeding six hours, and an absence of rest breaks.
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Cyber attacks ‘will be fatal for some SMEs’
High-risk organisations should be hit with tougher penalties, CPA Australia says, while small businesses need help to become data literate.
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Forbes names H&R Block as one of world’s best employers
The recognition reflects the work of “our employees around the globe”, says CEO.
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Australians bombarded with 250 scam attempts a year
One in five Australians have been a victim of a scam or know someone who has, according to research from the Commonwealth Bank.
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Liquidator charged for allegedly withdrawing over $150,000
The members’ voluntary liquidator was reported to ASIC by his replacement.
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Where accountants go wrong with advisory
Focus on a particular service that will help a client — such as an internal controls audit — and it starts to make sense, says Damien Greathead of Intuit.
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Fee rise will cripple our grad program: internal audit body
Blanket increase for tertiary education providers will undermine attempts to recruit candidates to the profession.
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Two tax agents banned after falsifying SMSF auditor numbers
Agents found to have acted dishonestly with false statements concerning dozens of SMSFs.
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