Business

Excess foreign exchange fees ‘hurting Aussie businesses’

Businesses are being hit with $5.74 billion each year in excess foreign exchange fees, based on recent modelling by...

05 May 2023 • By Miranda Brownlee

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Technology

ChangeGPS cracks the big time with PKF deal

Its s100A and professional firm profits allocation tools are finding eager buyers among the top-tier accountants,...

04 May 2023 • By Philip King

Regulation

ASIC bans 3 directors for total of 12 failed companies, $10.6m debt

The unrelated directors wound up owing unsecured creditors $8.7 million and the ATO a further $1.9 million.

04 May 2023 • By Philip King

Regulation

$12m illegal tobacco haul destroyed in NSW

A joint taskforce discovered 77 tonnes of illicit tobacco and the ATO estimates 10 per cent of excise is evaded.

03 May 2023 • By Philip King

Technology

Karbon adds AI email handling to its practice software

The GPT-powered tool can summarise emails, adjust their tone and compose drafts, the company says.

03 May 2023 • By Philip King

Super

Payday super: a ‘win for workers’ but ‘burden’ for small business

The government’s move to make wages and super payable simultaneously prompts mixed reactions from stakeholders.

03 May 2023 • By Philip King

Business

More rises possible with 2 years before CPI hits target: RBA

UPDATED: Concerns over the tight labour market and services inflation forced the bank to raise rates – and it might...

03 May 2023 • By Philip King

Tax

Off-market buybacks ‘super-size tax benefits – for some’

We all pay for the preferential treatment of off-market buybacks but it unfairly streams the rewards to one group of...

02 May 2023 • By Philip King

Regulation

Woman gets 8 years’ jail for role in $105m payroll fraud

Court sentences the daughter of a former ATO deputy commissioner for central part in conspiracy while her brother...

02 May 2023 • By Philip King

Appointments

BDO adds partner to cyber security team

A former CBA specialist joins to offer expertise on digital strategy and resilience.

02 May 2023 • By Philip King

Tax

Flick to electricity for 20% tax deduction, small business told

Tradies, manufacturers and restaurants to get a budget bonus for moving away from gas or for upgrading appliances.

02 May 2023 • By Philip King

Business

Internal auditors increasingly focused on ESG bottom line

Around half the profession is now involved in environmental, sustainability and governance risks as formal disclosure...

01 May 2023 • By Philip King

Tax

ATO upgrades to ‘simpler, better’ lodgment deferral system

The revised application method will soon become the single point of entry for deferral requests, the Tax Office says.

01 May 2023 • By Philip King

Business

Rate rise ‘will push at risk mortgage-holders to record high’

Roy Morgan research shows mortgage stress will exceed GFC levels if the RBA raises rates again tomorrow.

01 May 2023 • By Philip King

Appointments

AFCA recruits consumer advocate to board

The financial complaints body replaces an inaugural member with a lawyer and policy specialist.

01 May 2023 • By Philip King

Regulation

Sydney restaurants forced to back pay short-changed staff $240k

Raids by the FWO found wage and payslip breaches at three-quarters of the outlets.

28 April 2023 • By Philip King

Tax

ATO to amend s100A ruling in wake of Guardian appeal

But tax specialists say its comments on reimbursement agreements fall short and the issue of ordinary family or...

28 April 2023 • By Philip King

Business

Perks to help light up Adelaide’s winter festival

Sponsoring Illuminate Adelaide chimes with the firm’s goal of helping to reinvigorate the city post-pandemic, it says.

28 April 2023 • By Philip King