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  1. EY announces leadership reshuffle

    Cotter has been with the firm since November 2016, when she joined as an infrastructure advisory partner. She has spent the last two years as an infrastructure advisory leader, based in Sydney, and serves on the Infrastructure Partnerships Australia...

  2. Challenging inclusivity in a woke world

    In September last year, I was asked to present at PKF’s International Assurance and Tax Meeting, discussing how individuals fit within, represent and enhance organisational culture. It is an honour for anyone to be asked to speak at such as prestigious...

    • Type: Article
    • Author: Kylee Dare, PKF Sydney & Newcastle
    • Category: Business
  3. ATO set to review 85% lodgement benchmark

    as tax practitioners continue to fall behind on lodgements in a year marked by COVID-19. A similar assurance was provided last year at the height of the pandemic. The Tax Office, however, has continued to resist calls for a blanket deferral, and has...

  4. Deloitte sees revenue shrink to $2.3bn

    Deloitte’s annual revenue fell by 7 per cent to $2.31 billion over the last 12 months as it dealt with weak trading conditions brought on by the COVID-19 pandemic. The fall in revenue for the 12 months to 31 May was reflected across Deloitte’s three...

  5. Minimum wage set to rise by 2.5%

    president Justice Iain Ross said current economic conditions are vastly different to those observed during the commission’s last minimum wage review, which took place at the height of the pandemic last year. The last increase, under pandemic conditions,...

  6. AAT dismisses banning review after adviser failed to appear

    fact that he intended to withhold fees from his firm. ASIC appealed the outcome of the appeal in the Federal Court in July last year, where the court sided with ASIC’s original ruling and set aside the AAT’s ruling. The Federal Court found the AAT had...

  7. Queensland delivers sound budget in a ‘straitjacket’: CPA

    $10 million has been committed to the state’s tourism industry, a sector hit particularly hard by the pandemic over the last 12 months. The investment will be made over two years and will be aimed at rebuilding “aviation connectivity”. Minister for...

  8. Accountants highlighted in serious financial crime identikit

    the tax system — they do make sure people understand their obligations and help them to meet those obligations,” said Mr Day last year. “But we do see a very small percentage who have a very active role in facilitating offshore tax evasion, the phoenix...

  9. Caddick’s SMSF auditors face potential class action

    process and may possibly take the form of a class action,” Jones Partners principal Bruce Gleeson said in a media statement last week. The case is set to return to the Federal Court this month, with the firm seeking to be appointed final liquidators so...

  10. EY appoints chief sustainability officer

    the appointment of Shannon Cotter as its new Oceania strategy and transactions leader, before announcing 40 new partners last week. Ms Cotter will assume the role from 1 July, taking over from the firm’s incoming CEO, David Larocca. She will also join...

  11. Crypto crackdown underway as ATO locks in data-matching program

    tax communications Mark Chapman had warned earlier this year that the ATO’s light-touch approach to crypto was unlikely to last for long, with taxpayers urged to pay attention to their tax obligations. “I think the first thing to say is that the ATO...

  12. ‘A warning to employers’: Victorian wage theft laws commence 1 July

    says one peak body. The new laws, which made Victoria the first state to criminalise wage theft when they were announced last year, will see employers who withhold a range of entitlements face fines of up to $198,264 for individuals, $991,320 for...

  13. Business equipment spending surged in May: CBA

    Australian business investment in equipment and machinery was up by 21 per cent in May, compared with the same period last year. The Commonwealth Bank of Australia (CBA) on Thursday released new data showing marked asset finance growth for the month of...

  14. Victoria’s 4th lockdown rattles consumer confidence: Westpac

    Consumer confidence has now fallen by 9.7 per cent over the last two months, with the largest dips recorded in Victoria and Western Australia, as house prices soar and Victoria’s lockdown induces uncertainty. The Westpac-Melbourne Institute Index of...

  15. Work-related expenses fall by $1bn following ATO scrutiny

    our data analytics will be on the lookout for unusually high claims this tax time,” said ATO assistant commissioner Tim Loh last month. “We will also look closely at anyone with significant working-from-home expenses, that maintains or increases their...

  16. Cash flow woes still troubling 3 out of 4 businesses

    country’s 2.29 million SMEs, with 14 of the 16 business pressures measured by the MYOB Business Monitor increasing in the last six months,” Ms Fawcett said. “This demonstrates that as COVID-19 pressure subsides, other business pressures increase.”

  17. SMEs begin to feel pre-pandemic business pressures: MYOB

    country’s 2.29 million SMEs, with 14 of the 16 business pressures measured by the MYOB Business Monitor increasing in the last six months,” Ms Fawcett said. “This demonstrates that as COVID-19 pressure subsides, other business pressures increase. “SME...

  18. Federal and state support packages criticised for leaving sole traders behind

    The $250 million Victorian business support package and federal COVID disaster payment announced last week have each attracted mounting criticism over eligibility criteria that exclude a large cohort of small business owners. Victoria’s doubled-pronged...

  19. Australians lose record $851m to scammers in 2020

    Over $851 million was lost to scams last year — the biggest losses ever recorded in a single year — as scammers capitalised on the pandemic to defraud Australians. Investment scams accounted for the biggest losses, at $328 million, followed by romance...

  20. The Access Group completes Sage Australia acquisition

    Australian and Asian business in a bid to strengthen its foothold in the region. The deal, first announced in December last year, will include Sage’s HandiSoft accounting software, along with its MicrOpay, WageEasy, EasyPay and UBS Accounting products....