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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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Small business given fail mark for websites, social media
A Digital Health Check survey finds SMEs are failing to make the most of their digital opportunities.
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Budget must ‘fund renewables safety net to prevent rust belt’
The association has also doubled down on its call to subsidise small business financial advice with support from CA ANZ.
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Regulator bans two directors for over $10m debt, multiple failures
Between them the two were involved in seven failed companies and the one involved in phoenix activity gets maximum ban.
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ASIC deregisters 374 SMSF auditors
UPDATED: The regulator cancels hundreds for failing to lodge annual statements after warnings last year.
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Medical centres ‘sleepwalking to payroll tax precipice’
Many GP practices and their accountants are unaware of rulings that could leave them with thousands in unfunded liabilities, says William Buck.
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Budget must address tax reform, small business support: ACCI
The government must also look to help grow SMEs’ productivity via digitisation and further address the labour shortage, says the industry body.
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CreditorWatch achieves ATO Digital Service Provider certification
The firm’s procedures saw it pass the ATO’s Operational Security Framework with a maintained uptime of 99.95 per cent over the past three years.
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Business penalised $90,000 for underpaying workers
The commercial laundry business was found by the FWO to have underpaid 22 workers across four locations nationally.
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Businesses face loyalty tax to retain staff
The skills shortage that caused firms to pay more for new employees now looks to force organisations to increase pay for existing staff.
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