Regulation

Former EY partner in tax exploitation case a ‘rogue operator’

The firm says the former partner admitted receiving $700,000 and was sacked last year.

01 November 2023 • By Philip King

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Business

Prosperity Advisers acquires Brisbane firm to expand SME business

Boutique firm P+Y is set to join forces with Prosperity Advisers after a year of talks.

01 November 2023 • By Christine Chen

Business

$22bn in unpaid invoices means Christmas stress for business owners

Many will be chasing unsettled accounts instead of relaxing, Intuit QuickBooks survey finds.

01 November 2023 • By Philip King

Regulation

Bondi bar fined $164k for underpaying workers, faking documents

The Fair Work Ombudsman says it is taking “appropriate action” to protect vulnerable employees, cracking down on...

01 November 2023 • By Christine Chen

Tax

Tax agents hit with ‘petty’ ATO list of old debts as little as 4c

UPDATED: Practitioners predict additional workloads as they seek to reconcile debts recently resurrected by the Tax...

01 November 2023 • By Christine Chen

Tax

Festive work parties must dance through an FBT ‘minefield’

H&R Block says many companies trip over the tax unawares as the ATO issues a seasonal reminder.

01 November 2023 • By Philip King

Tax

‘Integrity issues’ prompt ATO to clarify rules for R&D incentive

Review claims by clients and voluntarily disclose errors, the Tax Office urges.

31 October 2023 • By Philip King

Super

Caddick fraud victims target class action against SMSF auditors

Annual checks failed to confirm the investment assets – which turned out to be fake – actually existed.

31 October 2023 • By Philip King

Tax

ATO ‘takes tougher line with tax debt payment plans’

Billions in collectable debt mean the Tax Office is working to shorter time frames and responding more quickly to...

31 October 2023 • By Miranda Brownlee

Regulation

Taskforce seizes illegal tobacco worth millions in dozens of raids

A specialised unit involving the ATO has swooped on stores across Victoria in an attempt to stamp out a tobacco turf...

31 October 2023 • By Philip King

Tax

CA ANZ proposes simpler solutions to $3m super tax

The government should consider simpler and more effective solutions to the current policy proposal for the $3 million...

30 October 2023 • By Miranda Brownlee

Regulation

Aldi to face $150m wage theft class action suit

The country's largest retail worker union is accusing the supermarket chain of making thousands of its employees work...

30 October 2023 • By Christine Chen

Regulation

ASIC prosecutes 100 for failing to assist liquidators

The corporate watchdog has released its latest prosecution figures amid parliamentary scrutiny over its enforcement...

30 October 2023 • By Christine Chen

Business

Business owners are seeking exits without a plan, survey finds

Accounting firm William Buck warns most owners are “flying blind” when it comes to maximising the value of their...

30 October 2023 • By Christine Chen

Business

75% of shoppers to scale back Christmas spending, PayPal says

A survey by the payment company shows that consumers are most concerned by grocery and fuel costs this festive period...

30 October 2023 • By Christine Chen

Tax

ATO flags small business tax debt, SG as target areas

Addressing collectable debt and improving small business tax performance continue to be critical focus areas, the ATO...

27 October 2023 • By Miranda Brownlee

Regulation

Woman jailed for 20 months over $250k GST fraud

The Tax Office says it is stepping up its enforcement actions under Operation Protego and has urged offenders to come...

27 October 2023 • By Christine Chen

Regulation

AFP busts $229m Chinese money laundering operation

The complex scheme was conducted through money remitters operating for years in “plain sight” and allowed gang members...

27 October 2023 • By Christine Chen