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Assuming last is required, the following 3595 results were found.

  1. DPP drops charges against WA accountant accused of stealing $725k

    in collaboration with a former managing director, Sharon Kia Le Heng. At a committal hearing in Perth Magistrates Courts last Friday the Commonwealth DPP said the charges against Ms Kwan, which date back to 2020, would be discontinued. The charges came...

  2. IR reforms will end up closing small business, says advocate

    owners had been overlooked in the sometimes heated debate over the Secure Jobs, Better Pay Bill introduced to Parliament last Thursday. For most businesses, the focus of concern has been Labor’s intention to expand the multi-employer bargaining system,...

  3. Brisbane food shops forced to back pay workers over $400k

    body. The Brisbane audits came after the FWO conducted surprise inspections of 24 cafes and restaurants across Launceston last month with almost 150 workers back paid over $120,000. “The Fair Work Ombudsman will continue to prioritise improving...

  4. What does the Minerva case mean for trust distributions?

    top marginal rate, has been done to obtain the tax benefit? Very likely, yes. So, what stops Part IVA applying? It is the last element in the requirements — the Commissioner must decide to apply Part IVA — and this is why I don’t think accountants need...

  5. Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip

    understand how the system is working and where the gaps are,” he said. “We invested in increasing tax compliance in last week’s budget and this data will help us target that additional funding.” Ms Saint said the increased investment in the Tax...

  6. Average cyber crime costs a small business $40k

    a favourite target. Each cyber crime costs a small business $40,000 on average and the number of attacks leapt 13 per cent last year to the equivalent of one every seven minutes, the Australian Cyber Security Centre reveals in its 2021-22 report....

  7. Why accountants should learn to love the smashed avo generation

    The census data revealed that baby boomers and Millennials each have over 5.4 million people in Australia. However, over the last 10 years, Millennials have increased from 20.4 per cent of the population in 2011 to 21.5 per cent in 2021 while baby...

  8. Hackers post sensitive Medibank data

    personal identification information. Operation Guardian, which was a joint initiative with state and territory police set up last month to protect those impacted by the Optus data leak, will now also extend to Medibank Private customers. The public is...

  9. WFH 67c fixed rate ‘opaque and too demanding’

    method of 80c and the hybrid method rate of 52c, was the headline change among a raft of revisions in PCG 2022/D4 released last week. Also in the guidance were changes to substantiation requirements and a requirement for tighter record-keeping from next...

  10. COSBOA joins demand for changes to IR bill

    limit should be raised to 100 employees. In response to business concerns, the government drafted a number of amendments last week: Requiring majority support from employees of each employer for a single interest bargaining stream authorisation. A...

  11. Offspring living with parents miss out on 67c WFH rate  

    ATO’s revised WFH guidance, say tax professionals. The revised fixed rate of 67c an hour, set out in PCG 2022/D4 released last week, specifies tighter record-keeping requirements than the previous 80c shortcut method and specifically rules out claims...

  12. Internal mobility ‘magic ingredient’ for staff retention: LinkedIn

    global economic climate, it is likely that the hiring rate will continue to decelerate from the historical highs of last year,” the report said. LinkedIn found the labour market in the Asia-Pacific region remained tight, with many countries reporting...

  13. Budget increase plus CPI will push up lodgement penalties 35%

    unit to $275 but that would rise again with CPI indexation introduced from next July. “The high inflation environment of the last three years means the legislated indexing could see penalties for late lodgement spike by over 35 per cent from the current...

  14. Super balance cap would destabilise the system: TSA

    on superannuation back the agenda by highlighting the size of some self-managed funds and their cost to budget. In a speech last week Assistant Treasurer Stephen Jones said there were 32 self-managed super funds with more than $100 million in assets and...

  15. Higher tax or audit: the professional firm profits dilemma

    whatever arrangement applied. “The best time is in the first quarter of every year, and then you do your tax planning in the last quarter,” said Mr Munro. The ATO said that the guidance would apply from 1 July 2022 but those with pre-existing...

  16. Crypto a ‘minefield’ of tax and regulation

    need for regulation has been brought into sharper focus with the collapse of one of the world’s largest crypto exchanges FTX last week (founded by CEO Sam Bankman-Fried). This followed the collapse of Terra coin earlier this year, while crypto platform...

  17. Scrap SMSF auditor registration fee: accounting bodies

    then we consider that a fundamental review of the application process is warranted.” The draft legislation, issued last month, also proposes changing other SMSF auditors charges including the fee to cancel an SMSF auditor registration, which would be...

  18. ATO will take softly-softly approach to policing director IDs

    timeframe to apply could request an extension of time via a form available on abrs.gov.au. Figures supplied by the ATO last month showed hundreds of thousands of directors – including many who were directors of corporate SMSF trustees – had yet to go...

  19. Accountants outshine financial peers for ethics

    planners (18 down to 16). Even tax agents have fallen from 27 to a net score of 26 while mortgage agents were unchanged from last year with a net score of 9. However, within the corporate sector chief financial officers bucked the trend and saw their...

  20. ATO will add security layer to agent linking

    tell us anything, it's that nobody can afford to be complacent,” he told the IPA National Congress at Surfers Paradise last week. “Operating in an increasingly digital environment means that we have to consider how we safeguard our systems from...

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