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Politicians damned for ‘dumb’ attempts at tax reform
Australia is saddled with an overcomplex system that punishes families, former ATO lieutenant says.
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‘It went over the top of the sandbags — water got in regardless’
Accountant in flood-stricken Victoria battles to help community despite inundated office.
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Debt crusade means more DPNs on the way, says BDO
The ATO will accelerate its mail-out of director penalty notices in an attempt to reduce the huge amount owed by small businesses.
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Takeaway faces $250,000 fine over child labour laws
Allegations include failure to obtain a permit, shifts exceeding six hours, and an absence of rest breaks.
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Cyber attacks ‘will be fatal for some SMEs’
High-risk organisations should be hit with tougher penalties, CPA Australia says, while small businesses need help to become data literate.
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Forbes names H&R Block as one of world’s best employers
The recognition reflects the work of “our employees around the globe”, says CEO.
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Australians bombarded with 250 scam attempts a year
One in five Australians have been a victim of a scam or know someone who has, according to research from the Commonwealth Bank.
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Liquidator charged for allegedly withdrawing over $150,000
The members’ voluntary liquidator was reported to ASIC by his replacement.
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Where accountants go wrong with advisory
Focus on a particular service that will help a client — such as an internal controls audit — and it starts to make sense, says Damien Greathead of Intuit.
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Fee rise will cripple our grad program: internal audit body
Blanket increase for tertiary education providers will undermine attempts to recruit candidates to the profession.
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Two tax agents banned after falsifying SMSF auditor numbers
Agents found to have acted dishonestly with false statements concerning dozens of SMSFs.
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Productivity Commission warns against multi-employer bargaining
It comes as the Treasurer expects an increase in wage growth as part of his upcoming budget forecast.
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Protect against credit card fraud or pay the price, retailers told
“Chargeback fraud” leaves merchants on the hook for whatever gets stolen, says security specialist.
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SuperStream issues mean ATO should tread softly: SMSF industry
With the office likely to be “bombarded” with breaches, the SMSF industry hopes it will take an “educative approach”.
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Top 1,000 taxpayers paid more than $44bn: ATO
One-fifth of corporate income tax and about one-third of GST comes from our largest entities.
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Lean on specialists for tech and learn to say ‘No!’
Let accountants get on with what they do best and your practice will thrive, Damien Greathead of Intuit says.
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Preparation and speedy response key to cyber protection, experts say
Specialists agree each breach is unique, but every business should prepare an emergency plan.
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Get advice before it’s too late, CA ANZ warns NSW first home buyers
An annual tax instead of stamp duty might fail to leave consumers better off, the professional body cautions.
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Most CEOs expect recession, plan hiring freeze: KPMG
The firm’s annual global survey paints a gloomy prospect for the next 12 months.
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Tassie food outlets forced to back pay workers $120,000
FWO raids found almost 150 workers being underpaid by 24 cafes and restaurants across Launceston.
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