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ATO works hard to fix ‘flaw’ in client linking system
Inadvertent disconnection of a BAS agent will become a source of frustration and inconvenience under the revised procedure, bookkeepers say.
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Privacy Act to take in small businesses
Operations with an annual turnover of $3 million or less will no longer be exempt after the government accepts review proposals.
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KPMG caught using secret ‘power maps’ to secure Canberra contracts
Senators blasted KPMG's CEO for lying and breaching public trust after he denied his firm targeted officials based on their influence and relationship.
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Auditor suspended for 3 years for professional failings
ASIC says he failed to obtain sufficient evidence of money held by a broking services firm in which the director was subsequently charged with misusing $35 million in cli...
Switkowski exposes flaws in PwC’s results-focused culture
Excessive CEO power, a flawed governance model and an attitude that “revenue is king” undermined trust built up over decades, the review says.
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Pension work bonus increase an ‘encouraging step’
National Seniors Australia welcomes a government decision to permanently increase the work bonus for pensioners but says more must be done.
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Inflation rebounds on high petrol, energy prices
UPDATED: An increase in August reflects rapid rises in volatile items, the ABS says.
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Qld uni adds company turnaround course for finance students
Module created in partnership with specialist firm Vantage Performance will focus on restructuring and refinancing.
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Carbon acquires Melbourne firm in fifth takeover this year
With the rebranding of MG Partners and Davenports, the group now has 20 offices and 300 staff.
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Accountants sweat on ‘non-stop’ wave of ATO super audits
The Tax Office’s intensified, data-led approach means that accountants have become inundated with superannuation reviews and audits.
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TPB, ATO quizzed on whether PwC ‘too big to fail’
Audit concentration among the Big 4 makes the sector unmanageable, Greens senator claims.
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Ignition unveils raft of enhancements to platform
Software firm Ignition has announced a broad range of platform upgrades to enable firms to manage revenue and payments more efficiently.
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FWO targets tenfold penalties for ‘serious’ UNSW payslip breaches
The ombudsman has started legal action against the university for record keeping allegedly “so inadequate” it was unable to detect underpayments.
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‘Shadow director’ banned for $17m crash of tax advisory companies
Philip Whiteman was involved with five Melbourne accounting and legal operations that collapsed in 2017.
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‘Most qualified accounting migrants wind up working elsewhere’
White paper identifies accountancy as a profession with a huge mismatch between migrant qualifications and where they actually work.
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Sweeping reforms to streamline access to finance
The Attorney-General has announced a raft of proposed reforms aimed at reducing compliance costs and improving access to finance for small businesses and consumers.
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Shoppers OK with theft as cost of living bites
Over one-quarter of consumers surveyed said it was “a little” to “completely” justifiable to steal from retailers.
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CA ANZ opens voting on revised conduct code
As the body’s AGM looms, its annual report shows losses widened to almost $9 million last year.
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Sportsbet ‘induced my gambling’: accountant in $26m fraud case
Benjamin Carter has begun civil action against the betting giant for allegedly unconscionable conduct in relation to his betting behaviour.
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Salary growth ‘line-ball with CPI’, accountants in lead pack
Annual growth of 4.8 per cent comes down to big increases in a handful of sectors, data from Seek shows.
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