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Sydney cafe fined $124k for underpaying casuals The court said “substantial” penalties were necessary after the brother and sister duo “deliberately” underpaid staff at The Noshery Cafe in Glebe. ...
ATO warns advisers against suspect R&D tax claims Spending by associated entities or activities conducted overseas will be subject to increased scrutiny, the Tax Office says. ...
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SMSFA laments ‘accountants out in cold' in QAR reforms The limited licensing model is “dying” with fewer than 600 accountants now operating under the scheme, the association says. ...
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Bank watchdog slams 40% rise in hardship safeguard breaches The “alarming” surge in banks failing to support customers facing financial difficulties erodes trust and confidence in the banking industry, it says. ...
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Tax ombudsman launches probe into how ATO handles identity theft The IGTO calls upon practitioners to detail their experiences of unauthorised access to the tax system. ...
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Zeller pitches savings account into ‘gaps left by banks’ The fintech has rolled out five products in the past five weeks, a pace it claims is “unmatched” by any other bank in the world. ...
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Jobless rate up to 3.9%, ‘hints of softer labour market’ Unemployment has risen from its low last November and the growth in monthly hours worked is slowing, ABS data shows. ...
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Rein in levies or risk ‘death by a thousand micro-taxes’ The Productivity Commission says governments tend to “set and forget” industry levies, causing them to increase tenfold in the past few decades. ...
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Budget update benefits from $66bn in extra tax receipts The revisions include a modest deficit next year and almost $40 billion in improvements out to 2026-27, the Treasurer says. ...
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Raft of revenue tweaks in MYEFO to raise millions Changes to interest deductibility, taxes, thresholds and even passport fees made up the fineprint of the mid-year economic update. ...
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Legal high-flier to take reins at CPA Australia Baker McKenzie regional chief Chris Freeland will replace Andrew Hunter next March. ...
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‘Brazen’ unregistered tax preparer fined $230k, banned for life Perth woman broke the TASA on more than 500 occasions and exposed clients to unpaid taxes and penalties. ...
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Healthcare, public admin firms ‘fail at double rate of last year’ CreditorWatch data shows private companies operating in sectors with government involvement are going broke the quickest. ...
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Regional SMEs ‘fret over financial health, inflation’ A “yawning financial gap” has opened up between metro small businesses and their country cousins, survey finds. ...
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$3m super tax ‘will be devastating to farmers’ The SMSFA says claims by big super that just one in 100 funds have farm income fails to reflect reality. ...
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Cyber start-up Trustmi launches bank account validation tool Conventional methods for validating vendor payments fall short, it says. ...
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Retailers ‘must raise cyber game to win holiday shoppers’ Fears of online fraud peak during the festive season, a survey finds, with only 9 per cent of consumers saying they have “full trust” in businesses managing their dat...
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Migration strategy aims to fix ‘broken system’ A core list of occupations in demand combined with a new visa would help bring in the arrivals the nation needs, Home Affairs Minister says. ...
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Cairns woman gets 3 years’ jail for $283k GST fraud Deborah Martin pleaded guilty to filing fraudulent BAS in the latest win for the ATO’s Operation Protego. ...
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Canberra scales up TPB sanction powers, penalties Forging ahead with its response to the PwC tax scandal, the government proposes introducing a wider range of civil and criminal penalties, suspension powers and administ...
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