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Accountants’ perceptions post-lockdown revealed
A new CPA Australia poll has shed light on how accountants and business owners are placed when considering their movements over the next 12 months.
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‘Baseless and reckless’: ATO flags concern on legal professional privilege claims
The ATO has voiced its concern over the likelihood of “baseless and reckless” legal professional privilege (LLP) claims impacting their investigations.
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‘Holistic’ approach needed to narrow audit expectation gap
A new report issued by several bodies has recommended any notion of an audit expectation gap needs to be narrowed if it is to be trusted and meet demands of public intere...
FASEA September test pass rate remains low
Just 61 per cent of all candidates who sat the FASEA exam passed in September.
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Accountants ‘must be vaccinated to attend work premises’: Victoria health department
Accountants must have received a first dose of a COVID-19 vaccine by midnight 22 October to attend their office or usual work premises in Victoria.
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4 in 5 Victorian business owners confident ahead of ‘Freedom Friday’
As Victoria gears up to see more freedoms on Friday (29 October), new research has shown the majority of business owners are feeling confident about the state economy’...
Board of Taxation sees 2 new members
The federal government has confirmed the appointments of two additional members to the Board of Taxation.
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Better Advice Bill passes Parliament
The Better Advice Bill has passed in Parliament, ensuring that the financial services and credit panel within ASIC will become the single disciplinary body for financial ...
Underpayments impacting 1 in 2 Aussie workers
Over 50 per cent of employees have been underpaid or paid late by their employer since COVID-19 hit Australian shores, according to a new survey.
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ATO to take ‘flexible’ approach on STP Phase 2
Commissioner of Tax Chris Jordan says the ATO is committed to taking a “flexible approach” in the expansion of STP Phase 2.
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CPA Australia outlines next steps in KPMG misconduct investigation
CPA Australia has provided an update on its investigation into KPMG’s internal cheating saga.
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ATO cracks down on ‘high-risk’ behaviours
The ATO is calling on tax practitioners to help them address high-risk behaviours impacting the profession.
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Newcastle and Hunter firms combine forces
NSW-based accounting, audit, and advisory firm DFK Crosbie has formally announced its merger with the Newcastle and Hunter Valley practice of Pitcher Partners.
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Over 2m Aussies asked the TPB for help during the last year
As the economy recovers, Australia’s tax regulator says it’s planning to put unregistered practitioners under the microscope.
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‘The ATO is here for you’: Commissioner Chris Jordan reiterates support for tax profession
Commissioner of Taxation Chris Jordan has outlined the ATO’s key objectives for the years ahead, which include building on its relationship with those in the tax profes...
Accountants must ‘think outside the box’ to combat tight labour market
A chief executive is urging firms to do more in order to combat the ongoing pressures faced by accountants in the Australian market.
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Support grant extended for Victorian Indigenous businesses
The First Peoples’ COVID-19 Business Support Fund has been extended, providing additional support to those who have been affected by trading restrictions.
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FWO recovers $148m for underpaid workers
The Fair Work Ombudsman (FWO) has recovered more than $148 million for underpaid workers in 2020-21, up 20 per cent year-on-year.
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‘Old-fashioned’ firms urged to re-evaluate retention strategy
Accounting firms that only look to pay as a retention strategy are likely to lose key staff going forward, according to a chief executive.
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1 in 4 businesses impacted by late payments
Cash-flow issues have reared their head again across Australia’s SME community again, with one in four small businesses reporting late payments.
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