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ASIC disqualifies 7 directors in recent enforcement blitz
The corporate regulator has said it will continue to take tougher action against company directors whose actions negatively impact small businesses.
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Red tape ‘strangling’ small businesses: ACCI
Small businesses are feeling neglected in the current economy and many are considering closure, according to ACCI research.
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‘Running out of time’: industry sounds alarm over payday super rush
Accounting software developers are staring down a deadline that is becoming increasingly unachievable in the absence of government guidance.
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‘Many’ practitioners already compliant with new code rules: TPB
The TPB has answered practitioners’ frequently asked questions about the controversial changes and has said they can expect draft guidance in September.
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Man alleges ATO forced resignation amid ‘doomed’ murder charges
A NSW man whose 18-year career at the ATO came to an end amid a “weak” murder investigation alleged his former employers manipulated his vulnerable wife and forced hi...
Ute tax loophole costs government $250m
A loophole in luxury car tax allows expensive utes to be purchased tax-free, based on a study by The Australia Institute.
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TPB puts 3.8k practitioners on notice over outstanding tax obligations
The Tax Practitioners Board has threatened to take “swift action” against practitioners who fail to bring their overdue lodgments up to date.
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Sydney solicitor hit with $1m penalty for misleading creditor scheme
Lawyer Dominique Eva Grubisa has also been banned from managing companies and been ordered to refund millions to duped students.
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Russian couple’s tax bill upheld after $1.6m found in covert ATO audit
A husband and wife challenged default assessments in the AAT and Federal Court claiming unexplained bank transfers were “truly gifts” from overseas family and friends...
Unemployment rate rises to 4.1%
New data from the ABS shows that the seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1 per cent in June.
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Accounting bodies push back on TPB shake-up
CPA Australia has opposed the proposal to remove registration pathways with professional bodies while CA ANZ says the rushed timeline risks poor policy outcomes.
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Labor’s code changes an ‘assault’ on accountants: Opposition
The shadow assistant treasurer has demanded the urgent withdrawal of new rules he says are unrealistic and rife with errors.
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Treasury weighs overhaul of TPB registration pathways
The government will consider tightening the “fit and proper person” test and scrapping registration pathways with professional bodies in response to the PwC tax leaks...
TPB’s ‘pragmatic’ code stance a Band-Aid solution: Tax Institute
Senior advocate Robyn Jacobson says it is “deeply concerning” to have to rely on regulator guidance to ensure the government’s changes are implemented sensibly.
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PKF Australia welcomes new Darwin practice, PKF Merit
PKF Australia announced the opening of a new Darwin branch this week, further expanding its presence across the nation.
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Ransomware attack allegedly strikes accounting firm
Ransomware gang Hunters International revealed that a Brisbane accounting practice had been added to its leak site earlier this week.
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ATO’s growing data access ‘alarming’, says TaxTank CEO
The software firm founder has raised serious concerns about the ATO's access to private taxpayer information.
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KPMG to exit commercial law, cut 30 jobs
The big four firm has announced a restructure of its legal business one month after its $80 million consulting restructure.
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Professional bodies unite to demand reversal of code changes
A coalition of 10 bodies has written an open letter to the Assistant Treasurer demanding the withdrawal of his changes to the code of conduct.
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Petition to scrap new code rules hits 1k signatures
ChangeGPS is encouraging the profession to stand against impending code changes as their petition gains momentum.
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