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Coalition to push ahead with disallowance motion for TASA changes The latest concessions offered by the Assistant Treasurer in regard to the code changes “are too little too late”, says the shadow minister for financial services. ...
PCG 2024/D2 poses ‘higher taxes for thousands of businesses’, warns tax expert The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia. ...
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Property developer to repay $11m ‘washed’ in Plutus blackmail plot Michael Teplitsky helped move hush money paid to keep Australia’s largest corporate tax fraud hidden, a court has found. ...
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SMEs at risk of cyber crime, MYOB data reveals Data from the business management platform has revealed most Australian SMEs have experienced a cyber attack or cyber incident in the last two years. ...
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Payday super ‘couldn’t come soon enough’, says Cbus The fund has reported a record recovery of almost $200 million in unpaid super over the last financial year. ...
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Further work to be done on TASA changes, says Tax Institute The Tax Institute has welcomed the government’s amendments to the code obligations, but remains concerned about the instrument’s current form. ...
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How tracking data could help overcome gender biases Anja Pannek has urged organisations to measure their recruitment, retention, and incentive strategies to ensure that there is gender diversity. ...
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Assistant Treasurer makes changes to transitional rule for code changes Stephen Jones has made amendments to the transitional rule for the Code of Professional Conduct changes and will consult further on sections 15 and 45. ...
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Class launches tech to support accountants with new ATO requirements The wealth accounting technology company has added a new feature to its trust account and administration software cloud solution, ‘Class Trust.’ ...
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Aussie businesses ‘held back’ by not embracing technology, cautions CPA Australian businesses risk falling behind Asia-Pacific counterparts if digital technology and strategies such as AI are not adopted soon, the professional body has warned...
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Accountant sentenced to 7 years’ prison for theft charges An Adelaide accountant has been sentenced after stealing over $2 million from his clients to fund his Sportsbet gambling addiction. ...
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Ex-PwC top lawyer proposes big 4 watchdog, defends partnership model Large accounting firms’ efforts to self-regulate are insufficient, Meredith Beattie says. ...
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Millions of landlords the target of expanded ATO crackdown The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions. ...
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Xero program to ‘reignite’ image of the accounting industry The small business platform has launched a peer-to-peer mentoring program to address the accounting industry ‘image’ and ‘talent’ problems revealed in recent surv...
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BlueRock appoints 2 new directors to boost R&D division BlueRock has announced the appointment of two experienced directors to bolster the growth and development of its R&D and government incentives division. ...
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Federal Court hears ATO’s appeal of landmark Bendel decision The Tax Office hopes to quash a tribunal ruling that cast doubt on how it treated unpaid trust entitlements for the past decade. ...
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ASIC to publish revised regulatory guidance for liquidators next month An updated version of RG 16 will set out ASIC’s expectations for how external administrators and controllers should report possible offences and misconduct. ...
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APESB defers decision on CA ANZ request for new reporting Requiring members of professional bodies to report wrongdoing committed by other members to the relevant body could result in unintended consequences, the Accounting Prof...
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COSBOA program to address SME knowledge gaps with major IR changes The advocacy group has launched the ‘Small Business Peak Program’ to help SMEs navigate the impacts the new industrial relations changes will have on how they operate...
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Early super release scheme was ‘ineffective’, says e61 Institute The ‘Early Release of Super’ scheme was not as effective as it was intended to be in stimulating spending, reducing financial stress, and improving wellbeing during C...
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