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

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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

Tax

Certainty over tax residency rules ‘will come at a cost’

The regime is outdated and inherently risky for advisers, but simplicity will also have drawbacks, says IPA.

10 August 2023 • By Philip King

Regulation

Kilimanjaro wins temporary reprieve on MYOB Exo margins

Federal Court grants injunctions preventing software developer from withholding licences or pursuing the reseller for...

10 August 2023 • By Philip King

Technology

Ignition feature puts the profit back into scope creep

Instant billing facility enables practices to charge for ad hoc or additional work without a fresh client proposal.

10 August 2023 • By Philip King

Regulation

Bikie gang members charged over alleged GST fraud

Joint AFP and ATO action over tax scams serve up leads to other crimes, deputy commissioner says.

10 August 2023 • By Philip King

Appointments

Mackay Goodwin appoints bankruptcy division head

The firm’s director expects an uptick in insolvencies amid high interest rates and an ATO director crackdown.

09 August 2023 • By Christine Chen

Business

NSW leads plunge in business confidence to record lows

Six-month run in negative territory means economic pessimism has hit pandemic levels, Roy Morgan survey finds.

09 August 2023 • By Christine Chen

Technology

Data hacks set off alarm bells about privacy, survey finds

Nine out of 10 want stronger controls over what information can be collected and how it is held.

09 August 2023 • By Philip King

Regulation

Stadium cleaners hit with $330k in fines for worker underpayments

FWO investigated the case after an anonymous tip-off and found flat rates as low as $7 an hour.

09 August 2023 • By Philip King

Regulation

Government action on tax adviser misconduct ‘a positive step’

A reform package aimed at improving the integrity of tax system and profession has been welcomed by the Tax Institute...

08 August 2023 • By Miranda Brownlee

Business

EY acquires design and product development firm

EY Australia will look to expand its products and services through the acquisition of a product development and...

08 August 2023 • By Miranda Brownlee

Business

Business growth ‘resilient’ despite economic headwinds: COSBOA

Growth rates across Australian businesses is still at pre-pandemic levels despite slowing sales and escalating...

08 August 2023 • By Miranda Brownlee