Regulation

Audit office damns ATO safeguards in wake of $2bn GST fraud

The Tax Office lacked the ability to respond to the widespread fake GST claims uncovered in late 2021, the Australian...

14 February 2024 • By Philip King

more from tag

Tax

Pressure mounts on government to curb negative gearing, CGT

The tax reform debate turns from stage 3 cuts to the concessions available for property investors ahead of the federal...

13 February 2024 • By Christine Chen

Regulation

ATO expands employment tax crackdown through random audits

The novel tactic involves “all-encompassing” reviews of businesses’ PAYG, FBT and superannuation obligations, mid-tier...

13 February 2024 • By Christine Chen

Regulation

Resort developer gets 10-year sentence for $15m tax fraud

Long-running ATO case dating back to the early noughties ends in jail term for conspirator who fled overseas.

13 February 2024 • By Philip King

Tax

​​Stage 3 tax cuts divide accountants

CA ANZ members disagree on whether they will add to inflation and be good for the economy, a survey finds.

12 February 2024 • By Christine Chen

Business

‘No confidence’ in PwC’s ethics, senators say

Members of the inquiry into consulting services doubt the firm's ability to reform due to its refusal to share crucial...

12 February 2024 • By Miranda Brownlee

Business

Government commits $41m to power SME energy relief

Businesses will be able to apply for grants of up to $25,000 to switch to more efficient equipment, saving on energy...

12 February 2024 • By Miranda Brownlee

Business

IPA raises transparency concerns with government grants for business

A large majority of business grants are awarded through non-competitive processes, contrary to government guidelines,...

12 February 2024 • By Miranda Brownlee

Tax

​​Tax debt linked to family violence, research finds

Almost 60 per cent of women who received help at UNSW’s pro bono clinic said they experienced abuse.

09 February 2024 • By Christine Chen

Business

ATO, bank debt crusade triggers 133% jump in court wind-ups

Business insolvencies surge as debtors end their COVID-19 era leniency.

09 February 2024 • By Christine Chen

Business

Inflation erodes employee confidence, but bosses upbeat

Confidence about the economy soars among employers while workers struggle with cost-of-living pressures, survey finds.

09 February 2024 • By Philip King

Technology

Apple Pay outpaces Afterpay in digital payments race

High awareness of buy-now-pay-later services fails to translate into user growth.

08 February 2024 • By Philip King

Regulation

CA ANZ triples member ethics training, mandates annual pledge

The professional body has outlined 14 actions and recommendations for members, firms and the government to rebuild...

08 February 2024 • By Christine Chen

Tax

Experts sound alarm over ‘flawed’ ATO royalty ruling

A controversial draft ruling on software royalties meddles with 30 years of precedent and should be left for the...

08 February 2024 • By Christine Chen

Super

Small businesses may ‘collapse under strain of payday super’, IPA warns

Existing issues within the SG system must be rectified before the government proceeds with the new changes, the IPA...

08 February 2024 • By Miranda Brownlee

Super

ASIC takes action against 9 SMSF auditors

The regulator disqualifies five, cancels two and imposes conditions on two more in a crackdown on standards.

07 February 2024 • By Philip King

Business

Economists confident of rate cuts despite hawkish RBA

The central bank refuses to rule out hikes to combat inflation, but commentators believe all indicators point to...

07 February 2024 • By Christine Chen

Technology

1 in 4 finance execs lack confidence in company data

Too much manual processing leaves businesses without the ability to monitor cash flow and vulnerable to external...

07 February 2024 • By Philip King