Tax

Average refund plummets by $580, total payout down $5.4bn

UPDATED: The end of LMITO and revised WFH rules have taken billions out of refunds, ATO figures reveal.

13 November 2023 • By Philip King

more from tag

Business

Small business demands financial redress for Optus outage

Ombudsman damns the telco’s treatment of the sector as “shabby” and “inadequate”.

10 November 2023 • By Philip King

Business

EY makes 232 staff redundant as consulting demand plummets

The cuts come just days after PwC revealed plans to lose 300 jobs and close an Adelaide hub.

10 November 2023 • By Philip King

Business

Female-led start-ups need more funding, says CEO

A Forbes 30 Under 30 alum calls for systemic change to provide more capital for companies founded by women.

10 November 2023 • By Malavika Santhebennur

Business

ATO, banks revive legacy debts and return to court action

Many of the liabilities long predate the pandemic and the tax office is reviving companies to chase assets, Jirsch...

10 November 2023 • By Philip King

Technology

Fintech start-up’s gig economy tax app enables open banking

The TaxLeopard software will integrate with any local bank account to capture money movements.

10 November 2023 • By Philip King

Tax

Too soon to back AAT on Div 7A, accountants told

The recent decision on what constitutes a loan creates a dilemma for advisers who would be “brave” to buck the ATO’s...

10 November 2023 • By Miranda Brownlee

Business

Why business leaders need to talk about menopause

An empowerment coach has described how being diagnosed with and receiving treatment for perimenopause changed the way...

09 November 2023 • By Malavika Santhebennur

Business

Interest rate increase ‘to quash seasonal hiring spike’

Declining consumer confidence will take the wind out of the usual Christmas jobs demand, says Employment Hero.

09 November 2023 • By Philip King

Business

PwC to cut 300 jobs, close Adelaide support hub

The firm says divestment of its government consulting arm and market conditions have forced its hand.

09 November 2023 • By Philip King

Tax

ATO targets utes in myth-busting FBT mission

Some employers are pushing the limits of the personal use exemption especially when it comes to vehicles, deputy...

09 November 2023 • By Miranda Brownlee

Regulation

ASIC exposes dozens of dodgy investment websites on blacklist

The regulator’s Investor Alert List contains more than 1,300 entries including unlicensed and imposter operations.

09 November 2023 • By Philip King

Business

Do your homework to avoid ‘culture tax’, accountants told

To gain the trust of clients from diverse backgrounds it makes sense to educate yourself about them, says a change...

08 November 2023 • By Malavika Santhebennur

Technology

DSS launches ‘first cloud-based platform’ to simplify client billing

The product caters for accountants and other professional services workers who struggle with tracking tedious...

08 November 2023 • By Christine Chen

Super

ATO raises $973m in SG charge liabilities in FY23

The ATO finalised around 14,000 SG cases during the year, with around 90 per cent initiated by employees, compliance...

08 November 2023 • By Miranda Brownlee

Business

RBA move a ‘kick in the guts’, but few surprised

With Christmas approaching, small business and mortgage holders can look forward to “the type of pain that high...

08 November 2023 • By Philip King

Technology

Small business recoils from cost of cyber security

The main barrier to more secure digital systems is price, a Mastercard survey finds, and raising revenue has become a...

08 November 2023 • By Philip King

Business

RBA reveals interest rate decision for Cup Day

The Reserve Bank of Australia has announced its cash rate decision following higher than expected inflation figures...

07 November 2023 • By Miranda Brownlee