Business

‘Running out of time’: industry sounds alarm over payday super rush

Accounting software developers are staring down a deadline that is becoming increasingly unachievable in the absence...

23 July 2024 • By Christine Chen

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Tax

Ute tax loophole costs government $250m

A loophole in luxury car tax allows expensive utes to be purchased tax-free, based on a study by The Australia...

23 July 2024 • By Imogen Wilson

Tax

TPB puts 3.8k practitioners on notice over outstanding tax obligations

The Tax Practitioners Board has threatened to take “swift action” against practitioners who fail to bring their...

22 July 2024 • By Imogen Wilson

Regulation

Sydney solicitor hit with $1m penalty for misleading creditor scheme

Lawyer Dominique Eva Grubisa has also been banned from managing companies and been ordered to refund millions to duped...

22 July 2024 • By Christine Chen

Tax

Russian couple’s tax bill upheld after $1.6m found in covert ATO audit

A husband and wife challenged default assessments in the AAT and Federal Court claiming unexplained bank transfers...

22 July 2024 • By Christine Chen

Business

Unemployment rate rises to 4.1%

New data from the ABS shows that the seasonally adjusted unemployment rate rose by less than 0.1 percentage point to...

19 July 2024 • By Christine Chen

Regulation

Accounting bodies push back on TPB shake-up

CPA Australia has opposed the proposal to remove registration pathways with professional bodies while CA ANZ says the...

19 July 2024 • By Christine Chen

Regulation

Labor’s code changes an ‘assault’ on accountants: Opposition

The shadow assistant treasurer has demanded the urgent withdrawal of new rules he says are unrealistic and rife with...

19 July 2024 • By Christine Chen

Regulation

Treasury weighs overhaul of TPB registration pathways

The government will consider tightening the “fit and proper person” test and scrapping registration pathways with...

18 July 2024 • By Miranda Brownlee, Christine Chen

Regulation

TPB’s ‘pragmatic’ code stance a Band-Aid solution: Tax Institute

Senior advocate Robyn Jacobson says it is “deeply concerning” to have to rely on regulator guidance to ensure the...

18 July 2024 • By Christine Chen

Business

PKF Australia welcomes new Darwin practice, PKF Merit

PKF Australia announced the opening of a new Darwin branch this week, further expanding its presence across the nation.

18 July 2024 • By Imogen Wilson

Business

Ransomware attack allegedly strikes accounting firm

Ransomware gang Hunters International revealed that a Brisbane accounting practice had been added to its leak site...

18 July 2024 • By Daniel Croft and Imogen Wilson

Tax

ATO’s growing data access ‘alarming’, says TaxTank CEO

The software firm founder has raised serious concerns about the ATO's access to private taxpayer information.

19 July 2024 • By Imogen Wilson

Business

KPMG to exit commercial law, cut 30 jobs

The big four firm has announced a restructure of its legal business one month after its $80 million consulting...

17 July 2024 • By Christine Chen

Business

Professional bodies unite to demand reversal of code changes

A coalition of 10 bodies has written an open letter to the Assistant Treasurer demanding the withdrawal of his changes...

17 July 2024 • By Christine Chen

Business

Petition to scrap new code rules hits 1k signatures

ChangeGPS is encouraging the profession to stand against impending code changes as their petition gains momentum.

17 July 2024 • By Imogen Wilson

Business

EY announces 2 appointments to Asia-Pacific branch

The big four firm has appointed Yew-Poh Mak as EY Asia-Pacific deputy area managing partner and Shannon Cotter as EY...

17 July 2024 • By Imogen Wilson

Technology

MYOB Advanced rebrands to ‘MYOB Acumatica’

The change comes as part of an expanded partnership with US enterprise resource planning provider Acumatica.

16 July 2024 • By Christine Chen