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NSW leads plunge in business confidence to record lows
Six-month run in negative territory means economic pessimism has hit pandemic levels, Roy Morgan survey finds.
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Data hacks set off alarm bells about privacy, survey finds
Nine out of 10 want stronger controls over what information can be collected and how it is held.
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Stadium cleaners hit with $330k in fines for worker underpayments
FWO investigated the case after an anonymous tip-off and found flat rates as low as $7 an hour.
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Government action on tax adviser misconduct ‘a positive step’
A reform package aimed at improving the integrity of tax system and profession has been welcomed by the Tax Institute and Law Council of Australia.
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EY acquires design and product development firm
EY Australia will look to expand its products and services through the acquisition of a product development and digital solutions firm.
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Business growth ‘resilient’ despite economic headwinds: COSBOA
Growth rates across Australian businesses is still at pre-pandemic levels despite slowing sales and escalating operational costs, a recent report has found.
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Most taxpayers ‘in the dark’ about their return result
Widespread disappointment about refunds – or even money owing – should be unsurprising, according to a CPA Australia poll.
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ATO urged to postpone tax determination on NALI and CGT
The ATO must delay its tax determination concerning non-arm’s length income and capital gains tax until the non-arm’s length income expense provisions are settled, sa...
Carbon Group adds Harding Martin to Qld offices
The boutique firm becomes the group’s fourth office in the Sunshine State following growth last year in South Australia.
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Poor culture ‘root cause’ of company failures
Staff turnover, product recalls and tighter credit are typically symptoms of a more profound issue, says turnaround specialist Michael Fingland.
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Food production crisis to feed insolvency backlog
An economy in strife means farming, as well as retail and construction, will add to the number of pandemic zombie companies facing wind-up.
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AFP ‘had insufficient information from ATO to pursue PwC’ in 2018
Sample documents were supplied by the Tax Office five years ago but it was only in May that Treasury reported a crime for investigation.
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Director faces jail for dishonest handling of $500k in SMSFs
The lure of “property developments” persuaded investors to set up SMSFs then move funds into two companies controlled by the director.
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Lower consumption to drive ‘slower growth across all states’
Economic growth is expected to slow right across Australia in 2023–24 with the rebound from COVID-19 “now firmly in the rearview mirror”, says NAB.
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Air Accounting expands with specialist bookkeeping acquisition
The Sydney-based firm plans to grow through buying niche e-commerce, medical and technology brands next.
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Slack record retention policies ‘expose firms to cyber crime’
Holding on to client data heightens the risk of theft and turns businesses into unwitting law-breakers, says record-keeping specialist.
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Average ATO refund tumbles $430 compared to last July
Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
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Cash flow forecasting critical in unprecedented environment: BDO
Preparing a short-term cash flow forecast is a practical step businesses can take to manage liquidity issues in the current environment, the mid-tier firm says.
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Deloitte acquires cyber security specialist ParaFlare
Seven-year-old start-up brings team of 80 and a “unique approach” to digital defence.
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RBA delivers welcome pause but raises fears of another rise
The bank says falling inflation means its monetary policy is working but further tightening may be necessary.
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