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Tax agent gets written caution after colleague used his credentials for GST fraud
A tax agent has been issued with a written warning after he gave a colleague access to his myGov login, who used the credentials to commit GST fraud.
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Div 296 must be considered ‘holistically’, IPA says
As heated debates over the proposed Division 296 tax continue to be drawn out, the IPA has called on the government to “reconsider problematic areas”.
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Small business set to feel the squeeze as AusPost US freeze drags on
Australian small businesses are set to continue to be directly impacted by the ongoing postal freeze to the US, COSBOA has warned.
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OFX redesigns its global payments platform, allowing accountants ‘to focus on what matters most’
Global financial operations company OFX sees its role as completing the financial operations triangle, giving accountants and the SME businesses they advise the tools to ...
Are accountant-client relationships set to be redefined by AI?
Australian accounting firms are increasingly using AI not just to streamline back-office tasks, but to transform how they partner with clients through proactive insights,...
Finance director loses unfair dismissal case due to alleged lack of AASB expertise
A Melbourne-based finance director has failed to win his unfair dismissal case after the Fair Work Commission deemed it to be a genuine redundancy.
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Exorbitant effective marginal tax rates out to get working seniors
Seniors receiving an age pension are shying away from being active in the workforce after being faced with exorbitant effective marginal tax rates.
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‘The hot topic’: Tax debt interest now under Ombudsman’s microscope
The Tax Ombudsman is kicking off its investigation into tax debt interest and is encouraging the community to weigh in and have their say.
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Unreasonable director-related transactions: What accountants need to know
Liquidators have significant powers to pursue claims against ‘unreasonable director-related transactions’. While the legal onus of proof rests with them, accountants ...
Late payments a productivity drain for Aussie companies, survey finds
New research by bank payment company GoCardless has shown that late payments are creating cash flow issues for small and medium-sized enterprises, resulting in stress and...
‘Surrender rejected’: TPB denies tax agent’s attempt to quit
A tax agent attempting to make a surrender of registration request has been rejected by the Board Conduct Committee of the TPB.
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‘We’ve lost the plot’: Accountant slams first home buyer 5% deposit
An accountant has called the Albanese government’s first home buyer five per cent deposit scheme a destructive mechanism to personal wealth and national productivity.
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BlackLine launches purpose-built AI for CFOs
Nasdaq-listed tech provider BlackLine has unveiled Verity AI, intended to create a new digital workforce for chief financial officers.
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CAAA commences Qld expansion and $15m investment
The accounting and advisory firm has joined forces with EDR Accounting and Business Solutions, unveiling its $15 million investment and expansion in Queensland.
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Aussie businesses settle views on WFH mandate, says recruitment firm
As conversations and debate around changes to the work-from-home mandate continues to circle, new data has revealed most employers plan to keep their current mandates in ...
68% of accountants reject the idea of replacing workers with AI
New research has found accountants are willing to embrace new AI tools to help boost efficiency, yet are very much against the technology replacing staff.
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1 in 2 Aussies use professional services providers, with accountants leading the way
New research has found promising engagement of professional services among Australian consumers, with nearly half engaging professional services providers.
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BDO Australia appoints new Melbourne office managing partner
Accounting and advisory firm BDO Australia has announced that Jason de Boer will be its new office managing partner at its Melbourne CBD office.
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Mining mogul gets 7-year prison sentence for $1.13m GST fraud
A Western Australian mining mogul has been sentenced to seven years and 10 months in prison for obtaining $1.13 million in fraudulent GST refunds.
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