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Labor ‘has appetite for bold reform’ on advice rules
The industry is in transition, the Assistant Treasurer says, and must focus on the needs of Australians.
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ATO will take softly-softly approach to policing director IDs
The Registrar says it will reserve most enforcement action relating to director IDs for more egregious cases of non-compliance.
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Anxious Aussie FTX investors await creditor meeting for clarity
The extent of local losses on the crypto exchange should be known next week following urgent action by administrator KordaMentha.
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Buyback law closes loophole ‘but franking credits here to stay’
Assistant Treasurer guarantees dividend imputation scheme but says off-market share buybacks exploit a loophole that must be closed.
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Bosses fret over skills, yet few staff feel properly trained
A huge disconnect exists between the perceptions of employers and employees about learning and how they approach it.
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Local tech sector has promising future, says RSM Australia
The technology industry can move past its immediate challenges to embrace post-pandemic opportunities, report finds.
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Accountants globally come together to face industry challenges
Two global conventions for tax professionals this week aim to influence its future.
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Wise Platform launches expedited payment system with Deel
The feature will cut out 80 per cent of admin required for employers to finalise their payroll payments, the companies say.
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Crypto a ‘minefield’ of tax and regulation
Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned.
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ATO ditches November ID deadline for resigned directors
Draft legislation narrows the scope of the number scheme following criticism that it cast the net too wide.
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Small business must be ruthless over payments: CreditorWatch
All signs point to a downturn, the agency says, and SMEs are in the front line.
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Xero appoints tech high-flyer as next CEO
Sukhinder Singh Cassidy takes over from retiring Steve Vamos in February.
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Scrap SMSF auditor registration fee: accounting bodies
Draft legislation proposing to raise the charge 14 per cent risks discouraging applications, they say.
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MYOB and Figured launch agribusiness integration
The two combine to deliver a comprehensive accounting and production tracking system for the farming sector.
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Higher tax or audit: the professional firm profits dilemma
Warn clients now about what PCG 2021/4 means for allocations, accountants told.
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One in four big businesses takes 120 days to pay up
“Appalling” figures show SMEs are kept waiting four months or more.
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Super balance cap would destabilise the system: TSA
Confidence is crucial for people when retirement planning, says the professional body, and would be unfair to those who have stuck to the rules.
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Budget increase plus CPI will push up lodgement penalties 35%
Fines for individuals could exceed $1,500 and for big business more than $750,000, says the Tax Institute.
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BzTrack launches B2C invoicing software for SMEs
One Adelaide company has developed a single sign-on platform aimed at helping small businesses tackle billing challenges.
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Construction industry next under ESG microscope
The construction sector was found to be responsible for approximately 40 per cent of global energy-related carbon emissions, according to the World Green Building Council...
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