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’Sooner rather than later’ vital for succession planning
After countless health battles, broker Louisa Sanghera became all-too-aware how important it is to think of the future.
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Prosperity Advisers acquires Brisbane firm to expand SME business
Boutique firm P+Y is set to join forces with Prosperity Advisers after a year of talks.
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$22bn in unpaid invoices means Christmas stress for business owners
Many will be chasing unsettled accounts instead of relaxing, Intuit QuickBooks survey finds.
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Bondi bar fined $164k for underpaying workers, faking documents
The Fair Work Ombudsman says it is taking “appropriate action” to protect vulnerable employees, cracking down on businesses that do not comply with its compliance no...
Tax agents hit with ‘petty’ ATO list of old debts as little as 4c
UPDATED: Practitioners predict additional workloads as they seek to reconcile debts recently resurrected by the Tax Office, with one saying the administrative costs outw...
Festive work parties must dance through an FBT ‘minefield’
H&R Block says many companies trip over the tax unawares as the ATO issues a seasonal reminder.
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‘Integrity issues’ prompt ATO to clarify rules for R&D incentive
Review claims by clients and voluntarily disclose errors, the Tax Office urges.
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Caddick fraud victims target class action against SMSF auditors
Annual checks failed to confirm the investment assets – which turned out to be fake – actually existed.
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ATO ‘takes tougher line with tax debt payment plans’
Billions in collectable debt mean the Tax Office is working to shorter time frames and responding more quickly to inaction, a PwC director cautions.
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Taskforce seizes illegal tobacco worth millions in dozens of raids
A specialised unit involving the ATO has swooped on stores across Victoria in an attempt to stamp out a tobacco turf war between rival crime gangs.
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CA ANZ proposes simpler solutions to $3m super tax
The government should consider simpler and more effective solutions to the current policy proposal for the $3 million super tax, says CA ANZ.
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Aldi to face $150m wage theft class action suit
The country's largest retail worker union is accusing the supermarket chain of making thousands of its employees work before their shifts without pay.
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ASIC prosecutes 100 for failing to assist liquidators
The corporate watchdog has released its latest prosecution figures amid parliamentary scrutiny over its enforcement powers.
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Business owners are seeking exits without a plan, survey finds
Accounting firm William Buck warns most owners are “flying blind” when it comes to maximising the value of their business at the point of sale.
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75% of shoppers to scale back Christmas spending, PayPal says
A survey by the payment company shows that consumers are most concerned by grocery and fuel costs this festive period and are changing their spending habits to cope.
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ATO flags small business tax debt, SG as target areas
Addressing collectable debt and improving small business tax performance continue to be critical focus areas, the ATO warns in its annual report.
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Woman jailed for 20 months over $250k GST fraud
The Tax Office says it is stepping up its enforcement actions under Operation Protego and has urged offenders to come forward or face severe consequences.
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AFP busts $229m Chinese money laundering operation
The complex scheme was conducted through money remitters operating for years in “plain sight” and allowed gang members to lead lavish lifestyles in Melbourne.
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CA ANZ members approve tighter conduct rules
All resolutions have passed overwhelmingly despite low voter turnout.
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Business training key to empowering women in finance
A women’s advocate and mentor has outlined the tools female finance entrepreneurs require to thrive as leaders.
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