Regulation

Directors cop 3-year bans for collapsed companies owing $17m

ASIC imposes less-than-maximum disqualifications for two unrelated directors responsible for nine failed companies...

17 August 2023 • By Philip King

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Tax

Medical centres confront $600k payroll tax bills or closure

The RACGP says retrospective assessments already threaten practices in regional Victoria and NSW.

16 August 2023 • By Philip King

Regulation

Government to review $170bn franchising sector

Enforcement of the Franchising Code of Conduct, transparency and franchiser dispute resolution to come under scrutiny.

16 August 2023 • By Christine Chen

Business

Why demand for advisory work has changed for good

One accountant says that his clients are contacting him more than ever for support beyond basic compliance.

16 August 2023 • By Christine Chen

Regulation

Recycling companies fined $375k for underpaying refugees

FWO pursued Victorian waste processing operations which have repaid $2.4 million due in wages dating back to 2012.

16 August 2023 • By Philip King

Regulation

Bankrupt lawyer with $4.7m tax debt ordered to pay $55k security

Migration specialist who moved to Romania in long-running case seeks appeal against payment ruling.

15 August 2023 • By Naomi Neilson

Tax

NSW, Victoria prescribe GP payroll tax without amnesty sweetener

UPDATED: State revenue rulings clarify that medical centres will be liable for the levy under service fee arrangements.

15 August 2023 • By Philip King

Technology

‘Healthy scepticism essential’ to avoid AI pitfalls

The technology has limitations and needs guardrails, says Damien Greathead of Intuit QuickBooks, but it’s better to...

15 August 2023 • By Philip King

Tax

IPA celebrates centenary with gala dinner, appetite for future

“We pride ourselves on our personal connection with our members and our focus on supporting small businesses,”...

15 August 2023 • By Philip King

Business

Insolvencies to surge because of economy, rise in court wind-ups

More aggressive action by the ATO and big four banks combined with the mortgage cliff make the rest of the year...

14 August 2023 • By Philip King

Regulation

Reforms to wholesale investor rules desperately needed: CPA

The accounting body is calling for a review of the wholesale investor tests, with the government currently examining...

14 August 2023 • By Miranda Brownlee

Regulation

PwC partner wins reprieve from forced retirement

Court finds the firm failed to show its reasons for acting against Richard Gregg in the wake of tax scandal.

11 August 2023 • By Naomi Neilson

Technology

AI ‘perfect for the heavy lifting on routine tasks’

Many functions such email queries or picking up anomalies in returns lend themselves to the technology, says Damien...

14 August 2023 • By Philip King

Technology

MYOB adds novated car leasing to Flare Benefits app

Software developed with the fintech company Flare allows SMEs to offer employee benefits in line with those of large...

11 August 2023 • By Christine Chen

Tax

Penalty amnesty tempts 7,000 small businesses back into tax system

UPDATED: The budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.

11 August 2023 • By Philip King

Regulation

AFSA sharpens teeth as personal insolvency numbers rise

A modernisation program will simplify the system for most so the regulator can focus on “bad actors”, chief executive...

11 August 2023 • By Philip King

Business

Cross-border partnership creates Canadian CPA pathway

An agreement between CIMA and CPA Canada fast-tracks reciprocal membership between the two bodies.

11 August 2023 • By Christine Chen

Business

Rise in listings could see ‘mild deterioration’ in housing market, says...

Recent interest rate rises are unlikely to cause a blowout in mortgage arrears but housing market conditions may see a...

11 August 2023 • By Miranda Brownlee