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Tassie aged care operator forced to backpay staff $6.9m
More than 1,700 staff were short-changed over a seven-year period, with some now entitled to $100,000 or more.
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Specialist body aims to codify ‘pre-insolvency void’
The Association for Business Restructuring & Turnaround launches this week with the goal of setting standards and certifying pre-insolvency advisers.
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Tax debts ‘at double pre-pandemic levels, $1m common’
More businesses have tax liabilities and interest charges mount up quickly, specialist ATO negotiator Olga Koskie says.
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ASIC takes legal action against AustralianSuper
The regulator alleges the largest superannuation failed to address multiple member accounts.
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ATO takes gloves off to chase down $4bn in long-term debt
Tighter payment plans and an end to interest and penalty remissions are just part of a tougher stance, a deputy commissioner says.
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ASIC sues PayPal over ‘unfair’ overcharging fine print
The corporate watchdog alleges that a term in PayPal’s small business user agreements allows it to escape the consequences of its errors.
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Side hustles run from home can trigger CGT, tax lawyer warns
Conducting a business at your main residence imperils the levy exemption when the house is sold.
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SMEs to accept trade-offs for stronger scam protection: survey
Half of all SMEs would be willing to accept slower payment processing for greater protection from scams, NAB research shows.
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‘ATO must build analytics, security onto strong digital base’
Tax 3.0 requires intelligent design and more investment, the Tax Commissioner says.
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CBA to buy Xero cast-off Waddle
The local invoice finance start-up was a casualty of Xero’s restructuring earlier this year.
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Fintech lenders on collision course with insolvency: BDO
Fintech lenders providing start-up business funding, business overdrafts and lines of credit are facing increasing constraints on capital, according to a recent BDO repor...
Grant Thornton names national head of risk consulting
After 16 years in the team, partner Jarrod Lean steps up at an “exciting time”.
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TPB bans agent for $3.75m in bogus BAS claims
UPDATED: “Inexcusable behaviour” put clients at risk and the matter was now in front of the ATO and police, the board says.
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Lock the door to cyber threats, embrace client linking: Jordan
The profession needs to raise its game to combat rising fraud and identity theft, ATO Commissioner says.
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Too many businesses roll the dice on tax debt: Jordan
Profitable companies that choose to relegate their tax and super obligations will be a focus of the ATO’s crackdown on collectable debt, Commissioner says.
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Ban on casual loading 'will mean pay cuts for thousands'
Fair work amendments that will outlaw higher rates for casual work are out of touch with the preferences of Australians, recruitment body says.
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Observers praise RBA pause as key indicators realign
Fears of a wage-price spiral have receded, spending has slowed and the bank needs time to assess, commentators say.
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AI to shake-up one-quarter of economy: Deloitte
A generation of students who have grown up with the tech will soon reshape workplaces with financial and professional services in the front line.
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RBA presses pause button in ‘uncertain’ economy
The outlook remains clouded by services prices, household consumption a tight labour market and slower growth.
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CA ANZ urges government to delay GST input tax credit changes
Provisions relating to the attribution of GST input tax credits should be delayed until ATO guidance in this area has been finalised, says CA ANZ.
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