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First Women in Finance Summit sells out
Hundreds will gather for the inaugural event this Friday to listen to a range of speakers from across the profession.
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Gippsland restaurant fined $4k for breaking child work laws
A community tip-off to the Wage Inspectorate triggered an investigation but the food outlet continued to employ under-15s without a licence.
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Next 5,000 review finds tax errors, poor record keeping
The ATO says a lack of documentation leads to issues over intra-group transactions and trust distributions.
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Seamlss adds client-linking feature to onboarding software
Next week’s rollout of the ATO’s revised requirements takes in all businesses with an ABN except sole traders.
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Airwallex launches interest-bearing greenback account
In a claimed first for Australia, US dollar balances in Yield earn interest at “double the rates of the big banks”.
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Joint bodies reject ‘two-tier’ approach to NALE reforms
The government has been told to scrap its amendments to the non-arm’s length expense rules with industry associations raising concerns about the creation of a dual tax ...
Tread warily ‘or risk fallout’ with clients in distress
Accountants can become collateral damage when a business runs into trouble if they fail to avoid the pitfalls, insolvency specialist warns.
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QAR ‘will fail to make financial advice affordable for most’
The licensing regime looks certain to remain out of sync with people’s guidance needs, says fintech chief.
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Accountants ‘should cull one-third of their clients every year’
Problematic clients take accounting firms for granted and are a waste of resources, says one consultant.
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‘Scale your impact’, says female executive
Women in leadership roles must scale their impact by mobilising their team to create value for their organisation, according to an executive.
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Acquisition-hungry Count buys Canberra accounting boutique
The firm’s latest deal adds over 700 clients to its existing 39,000-strong base.
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Property developer cops ban for 5 failed companies owing $12m
Canberra director disqualified for two years by ASIC for hands-off approach to management, lack of care and diligence.
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Payday super will punish small business, says NTAA
Phase in the start date or give companies with less than $5 million turnover a waiver, urges the lobby group.
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COSBOA board adds diverse experience with 2 appointments
The nine-member leadership group is ideal to tackle challenges facing the small business sector, the body says.
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ASIC scam-buster tech blitzes thousands of dodgy websites
Fake investment and crypto platforms along with impersonator sites have been detected and disabled, the regulator says.
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Expanded Victoria land tax ‘to hit SMSFs with property’
Residential property that remains vacant for six months out of the year will be subject to the levy, a lawyer warns.
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Insolvency Australia sets up helpline for distressed businesses
The first-of-its-kind free service aims to connect individuals or businesses with registered specialists.
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Sole traders ‘miss out on $3.5bn in tax deductions’
More than four out of 10 fail to claim all of their business expenses, says one digital accounting services provider.
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Former EY partner in tax exploitation case a ‘rogue operator’
The firm says the former partner admitted receiving $700,000 and was sacked last year.
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ATO pursues former EY partner for alleged tax exploitation scheme
The Tax Office has filed a civil case in Federal Court under the promoter penalty legislation.
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