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Hesta, ART to challenge ATO’s position on imputation credits in Federal Court
Industry fund Hesta has filed an appeal against an ATO decision on tax offsets from franking credits, with the Australian Retirement Trust set to file a similar claim soo...
‘Cooking the books’: Darwin hospo businesses under ATO, FWO microscope
Suspected shadow economy activity across Darwin restaurants has led to the ATO and Fair Work Ombudsman conducting surprise site visits in an attempt to catch them in the ...
Toxic workplace culture a hidden fraud risk, RSM warns
As anti-fraud efforts surge, workplaces are being warned to keep an eye out for workplace culture ‘red flags’ to protect themselves from ethical risks.
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Treasurer going against department advice if Div 296 backdated
If the Division 296 legislation is backdated to 1 July 2025, the Treasurer will be going against the advice of his own department, the SMSFA has said.
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Australia Post’s US parcel suspension brings fresh complexities for SMEs, BDO says
Australia Post has suspended small parcel shipments to the US “until further notice”. BDO says this will present new complexities for small Australian exporters.
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SME tech adoption key to driving economic activity, COSBOA says
Australia’s small businesses must learn to operate more efficiently with technology as the nation looks for new ways to lift productivity and long-term growth, accordin...
ATO whistleblower Richard Boyle given 12-month good behaviour bond
On Thursday, ATO whistleblower Richard Boyle avoided convictions and a jail sentence, seven years after he first blew the whistle on aggressive ATO debt collection practi...
Aussies not confident using Right to Disconnect, research shows
Earlier this week, the Right to Disconnect began for small business employees. One year on from its introduction for workers in larger businesses, however, the persistenc...
Personal insolvencies see uptick for June 2025 quarter
New data from AFSA has reflected the hardship businesses continue to face, with personal insolvency numbers having jumped in the June quarter.
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Live-in tax break could unlock major NDIS boost, KPMG says
National Disability Insurance Scheme savings could be boosted with an offered tax concession for live-in supporters, new research has revealed.
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Common sense the best defence against fraudsters: forensic auditor
Basic common sense is one of the best tools to detect fraudulent schemes, a forensic auditor has said.
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Transparency of sustainability reporting as the new norm
With the introduction of mandatory climate-related financial disclosures in Australia, the bar for corporate transparency has been raised, writes Narain Viswanathan.
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Retrospective payroll tax bills causing ‘angst and hardship’ for business owners
NSW business owner Colin Walker thought all was well with his payroll tax liabilities until he was suddenly hit with a $1.1 million retrospective tax bill from Revenue NS...
‘Results in paying more tax’: ATO warns Australians against early super access
The Tax Office is warning Australians against accessing their superannuation early for expenses related to inconsequential matters, events or items.
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Illicit tobacco seizure shuts down major Qld criminal syndicate
One of Australia’s biggest illicit tobacco criminal syndicates has been crushed by the Illicit Tobacco Taskforce as the fight against illicit tobacco continues.
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Half of Aussie workers think accounting sector will benefit from AI’s impact on entry-level roles
A new study has found that, despite recent job cuts sparked by AI integration, it has seen nearly one in four companies “redesigning entry-level roles to be more strate...
Accountant not liable for ex-employer’s costs, Fair Work Commission finds
An accounting firm has failed to compel a former employee to pay its costs associated with her discontinued unfair dismissal case against the firm.
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Accountant calls on industry to address ‘trusted adviser myth’
An accountant has taken it upon himself to conduct research into SME failures, finding it was time to challenge the idea of a “trusted adviser”.
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‘Catalyst for change’: Data reveals benefits of Right to Disconnect law
New research has revealed that employees are pushing their right to disconnect from their employers as the amendment to the Fair Work Act hits the 12-month mark.
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Altus Financial, Fortunity merge
Integrated private client advice firm Altus Financial and financial advisory outfit Fortunity have merged, in a move that the two businesses say will “reshape” the pr...
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