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  1. Massive drop in BAS agent knockbacks, cancellations

    versus 1,646 in the year prior. There was also a drop in the number of applications that were formally rejected by the TPB last financial year. The TPB formally rejected only one BAS agent application in 2016/17 versus 17 in the year prior. “It has now...

  2. Mass rollout of new portals begins for tax, BAS agents

    the new system agents will use to access services which are currently housed in the tax and BAS agent portals. As reported last year, the public rollout will occur from now until the end of March this year. If all goes to plan, the ATO may move from...

  3. Marching orders for firm as Fed Court brought in

    in February. It also follows the corporate regulator obtaining interim injunctions in the Perth Federal Court late last year against the firm, its sole director Max Goldenberg and its sole shareholder Travis Goldenberg. ASIC’s investigation to the...

  4. Maptek founder accused of $38.5m tax fraud

    the founder of leading mining technology provider Maptek, faced the Adelaide Magistrates Court on Friday after being charged last week in relation to an alleged taxation fraud spanning 15 years and totalling more than $38.5 million. Dr Johnson faces two...

  5. Manning and TJL Business Advisors announce merger

    NSW-based Manning Tax & Business Consultants (MTBC) has merged operations with two-office accounting firm TJL Business Advisors, with the firms citing a desire to provide a more complete service offering as the driving force behind the move. TJL...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  6. Man sentenced for buying stolen data from criminal website

    of the crime and cited significant disruptions to Melbourne courts after a recent cyber attack. Police investigated the man last year after he was found to be using an invite-only website – known as Genesis Market – which sold login credentials,...

  7. Male accounting execs facing leave stigma

    in the accounting industry around men taking extended leave when their child is born. “There's been an evolution over the last decade where maternity leave for women has been very much highlighted as a benefit, but I think men are still worried about...

  8. Make investments for art’s sake

    out by statistics that show the average price of artworks traded in Australia on the primary market has decreased in the last decade, the number of artworks being offered for sale has increased and the proportion of unsold works has also increased. The...

  9. Major uni notes 'unfortunate' lag in accounting courses

    that’s going to happen overnight. The education system will eventually get there but, if anything, they’re going to be the last cab on the rank.” Mr McLaren said graduates still need all the technical skills that universities have traditionally taught,...

  10. Major software providers reveal cut-price STP product

    simple to use that these businesses will benefit from using it and at a price point where they can afford it as well.” Late last year, the bill proposing to extend STP to employers with 19 or less employees from 1 July 2019 was passed by the Senate, but...

  11. Major bank weighs in on cyber security, cloud computing

    and online banking, and has been shaken by attacks such as that experienced by US-based company Equifax Inc, which announced last year that it had been subject to a cyber security incident that could have impacted up to 143 million consumers....

  12. Major bank unveils invoicing product

    from Deloitte Access Economics said e-invoicing could result in economy-wide benefits of up to $28 billion over 10 years. Last month, Treasury released a discussion paper consulting on the e-invoicing governance arrangements between the Australian and...

  13. Major bank spies change in investor behaviour, preferences

    Z, Gen X and Gen Y investors. Gen Y investors now represent the largest cohort of investors who traded international shares last year,’’ Ms Dale said. “Australian investors, particularly younger investors, understand that while the Australian...

    • Type: Article
    • Author: Reporter
    • Category: Business
  14. Major bank shakes up SME loans approach

    Enterprise Ombudsman Kate Carnell’s small business loans inquiry recommended these moves for Australian banks in December last year, for implementation by July 2017. It followed unfair contract terms legislation coming into force last November. “The...

  15. Major bank identifies accountants' challenges, hurdles

    Business confidence for the next 24 months is 36 per cent, marginally down from 40 per cent in May 2016. “Compared to the last survey, sentiment has increased by 10 per cent, which is a really positive and material uplift given we’ve been tracking it...

  16. Major bank finds 90% of accounting firms are aiming for launches

    cent of firms acknowledging it as a key concern. The issue has been felt across the accounting sector, with a Sage report last month finding that just 13 per cent of accountants believed that accounting training was adequate for the next 10 years....

    • Type: Article
    • Author: Jotham Lian
    • Category: Business
  17. Major bank eyes small businesses with new initiatives

    banking fees, with the bank removing all electronic transaction fees from Commonwealth Bank business accounts in August last year, and more recently, introducing a more flexible fee option for customers who prefer to bank online. “Our small business...

    • Type: Article
    • Author: Reporter
    • Category: Business
  18. Major bank cuts rate on business, home loans

    rates for terms of three to five years. “Coupled with the wide range of support measures we have rolled out over the last eight months, we’re confident these offers will help many small businesses get through this challenge and back on the road to...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business
  19. Major acquisition, internal promotions see 104 new partners join KPMG

    coming from internal promotions. KPMG has announced its new partner intake for 2019, with 104 new partners named, up from 78 last year. The majority of appointments were made in the deals, tax and legal division, with 41 new partners being named in this...

  20. Major accounting software players tipped to make big moves in HR

    the Scandinavian region called Visma, and they are the leading accounting technology provider in that region. Over the last three years, they have acquired a large number of HR and payroll tech companies,” Mr Paff said. “If you look at the HR tech...