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Revised advice regime will be ‘one size fits all’
The head of the Quality of Advice Review says her preferred approach rules out exceptions.
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ASIC reveals $115m rise in civil penalties
The commission charged six more individuals but laid 11 less criminal charges compared to the first six months of 2021.
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Too many staff discouraged from remote working: CPA Australia
Survey finds an “alarming” number of employers fail in duty of care.
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Small business ‘boosted by EOFY debt paydown’
Jobs growth and reduced payment delays push Xero’s index to a record.
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Australia’s anti-money laundering rules ‘third world’
Tranche 2 regulations cannot come soon enough, says First AML manager.
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Labor moves to tighten rules on unfair contracts
The increased protection takes in more small businesses and introduces civil penalties.
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ATO gives green light to lodge returns
With data collection complete for form prefills, the office welcomes tax lodgements.
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CA ANZ member abandons campaign against board
An attempt to rally support for a spill motion at the upcoming AGM has lost its outspoken leader.
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Payment redirection scams cost SMEs $7m, warns ASIC
Small and microbusinesses were hit hardest by the swindles in 2021.
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Small businesses ‘should race to register’ .au suffix
Firms that fail to successfully add the shortened domain variant invite commercial disaster, says IPA.
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Don’t stop the music, says BDO
The accounting and advisory firm commits to another year as major partner of the Queensland Symphony Orchestra’s Maestro Series.
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Skills shortage driving SMEs to the brink, says Insolvency Australia
With supply chain problems and rising inflation, an inability to find workers is the last straw for many.
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Two food outlets fined for underpaying casuals
The FWO secures penalties against hospitality businesses during focus on vulnerable workers.
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NLG launches broker-accountant alliance
Following an 18-month pilot, the scheme offers three levels of collaboration to diversify.
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ASIC extends deadline for unlisted entity financial reports
Before taking up the extension consider your company’s position and obligations, cautions the regulator.
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BGL to accept crypto as payment
Digital currency can now be used for subscriptions to the company’s management software.
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Why accounting framework is a useful catalyst to shake up advice model
The proposal was put forward in a Quality of Advice Review (QAR) submission to Treasury.
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Tax cheat dobbers plummet post-pandemic
Concerns over COVID relief fraud bolstered tip-off numbers for two years.
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Avoid capacity-to-pay letters, warns CPA Australia
Accountants could face repercussions if they sign these letters and the business or individual defaults.
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Country practices top targets for takeover
Businesses looking to expand through acquisition set their sights on regional accountants, says NAB
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