Regulation

Don’t get distracted by PwC’s reforms, senator warns

PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator...

11 March 2024 • By Christine Chen

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Business

First-ever Women in Finance Network Lunch launches

As the world celebrates International Women’s Day today, Accountants Daily is proud to host the first-ever Women in...

07 March 2024 • By Miranda Brownlee

Business

Unregulated, aggressively profit-driven: Senator speaks on the big 4

In an exclusive interview, Senator Barbara Pocock shares insights from the inquiries into the big four consulting firms.

07 March 2024 • By Miranda Brownlee

Business

Labor pledges to pay super on parental leave

After years of lobbying and broken promises, Labor has announced plans to pay super on paid parental leave...

08 March 2024 • By Miranda Brownlee

Tax

ATO ruling flags common audit traps for self-education claims

Tax ruling TR 2024/3 outlines a common range of situations where self-education expenses will be denied or...

08 March 2024 • By Miranda Brownlee

Super

ATO's SMSF crackdown sees 149 trustees disqualified

The Tax Office says it will continue to take “firm action” against those who persistently fail to meet their...

08 March 2024 • By Christine Chen

Regulation

ATO issues $23m in assessments after latest ESST raids

The Tax Office has conducted raids on 17 premises in the past two weeks as part of its continued crackdown on...

06 March 2024 • By Miranda Brownlee

Tax

RACGP calls for clarity on payroll tax promise in Tasmania

The Royal Australian College of GPs is urging the Tasmanian Liberals to match the opposition’s commitment to a full...

07 March 2024 • By Miranda Brownlee

Regulation

Tax agent cops 5-year ban for failing tax obligations

The TPB imposed the ban after the agent failed to comply with their tax obligations as both an individual and director...

07 March 2024 • By Miranda Brownlee

Regulation

Terminations under new Code items pose ‘legal consequences’, TPB warned

Tax practitioners should be given additional time to comply with the disqualified entity requirements given the...

07 March 2024 • By Miranda Brownlee

Technology

Ignition integrates with MYOB to automate invoicing, reconciliation

The two Australian accounting software platforms team up to automate invoicing, fee collection and reconciliation...

06 March 2024 • By Christine Chen

Business

PwC ousted acting CEO Kristin Stubbins ‘against her will’, inquiry hears

Senators say her treatment was the “classic story” of a woman being promoted to a leadership role during a crisis,...

06 March 2024 • By Christine Chen

Regulation

‘Meaningful’ penalty regime needed to deter misconduct, says senator

The failure of PwC to make any reports to CA ANZ about the Peter Collins matter demonstrates major flaws in...

06 March 2024 • By Miranda Brownlee

Business

Personal insolvencies continue to soar in early 2024

Personal insolvencies increased by almost a third in January compared with the same period last year, according to the...

06 March 2024 • By Miranda Brownlee

Technology

National AI Centre offers free AI education to SMEs

Australian small and medium businesses will now be able to access a free course in AI through TAFE NSW.

05 March 2024 • By Miranda Brownlee

Business

Small business suffers largest decline since pandemic, Xero data reveals

A slowdown in sales and wages growth saw softer performance in the December quarter, according to the latest Xero...

05 March 2024 • By Miranda Brownlee

Tax

AAT upholds ATO view in tax residency case

The Tribunal has determined that a mechanical engineer seeking a refund of $524k in PAYG withholdings was an...

04 March 2024 • By Miranda Brownlee

Regulation

ACCC could probe ‘oligopoly’ of big 4 audit, inquiry hears

Parliament may ask the competition watchdog to investigate the sector dominated by only four players, Senator Deborah...

04 March 2024 • By Christine Chen