Regulation

ATO destroys 26,670kg of illicit tobacco in rural NSW operation

The action as part of Operation Junglevine2 saw $4.4 million in illicit tobacco eliminated.

17 May 2023 • By Josh Needs

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Regulation

Tougher enforcement needed on client verification, says OCR Labs

Client verification standards for tax agents must be made mandatory to combat the growing threat of identity fraud, an...

16 May 2023 • By Miranda Brownlee

Technology

PwC establishes AI-powered contract intelligence system

The technology will provide significant cost savings and reduce revenue leakage, says the firm.

16 May 2023 • By Josh Needs

Regulation

Ai Group chief doubles down on wage theft criminalisation stance

Criminal penalties will hinder not help impacted workers, the association says in its response to the government’s...

16 May 2023 • By Josh Needs

Regulation

Australian Mines MD fined $70k, banned for 2 years

Benjamin Bell misled investors over project funding and the value of an asset, the federal court found.

15 May 2023 • By Philip King

Technology

Intuit QuickBooks launches free Online Accountant software

The software will be available in more than 170 countries to help accounting and bookkeeping professionals easily...

16 May 2023 • By Josh Needs

Appointments

Talented women vote with their feet, top firms warned

Many Women in Accounting award winners set up on their own when their career paths were blocked, say Rebecca Mihalic...

15 May 2023 • By Philip King

Technology

$23m budget boost will put 60,000 Cyber Wardens on patrol

The programs aims to show small businesses how to manage digital risks and avoid being scammed.

15 May 2023 • By Josh Needs

Tax

ATO crackdown focuses on rental properties, work claims, CGT

A trio of targets will get special scrutiny this year and the Tax Office expects to issue fewer refunds.

15 May 2023 • By Philip King

Regulation

Aged care provider underpaid staff more than $3.5m

The underpayment of almost 5,000 employees comes as the government provides a 15 per cent increase in the industry’s...

15 May 2023 • By Josh Needs

Business

SMSF industry rallies support for specialist with cancer

Accountants Daily’s sister brand SMSF Adviser is hosting a webcast in June to raise funds to help prolong the life of...

12 May 2023 • By Malavika Santhebennur

Business

American accounting association offers additional learning platform

The program will help accounting and finance professionals improve and update their skills for the contemporary...

12 May 2023 • By Josh Needs

Technology

Airwallex doubles down on borderless payments mission

Rapid growth in its products and global footprint encourage an ambitious statement from its co-founder.

12 May 2023 • By Philip King

Tax

ATO rental property focus to keep accountants on their toes

An understanding of how CGT works for homes and rentals is vital, says HLB Mann Judd.

12 May 2023 • By Josh Needs

Regulation

$4.4m in back pay: UTS joins list of universities short-changing staff

More than 2,777 employees were underpaid over seven years with some individual shortfalls exceeding $200,000.

12 May 2023 • By Josh Needs

Business

Finalists announced for 10th Australian Accounting Awards

Over 280 finalists have qualified to battle it out at the prestigious Australian Accounting Awards 2023, to be held in...

11 May 2023 • By Malavika Santhebennur

Technology

Budget funds next stage of nationwide digital ID program

The expansion of the digital ID program is a positive step but accessibility and ease of use will be critical to...

11 May 2023 • By Miranda Brownlee

Business

Sun about to set on range of popular tax measures, ATO warns

Accountants should tell clients to act fast on full expensing and loss carry back because their days are numbered.

11 May 2023 • By Josh Needs