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

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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

Business

CA ANZ refutes TPB's claims on Collins correspondence

CA ANZ has refuted claims made by the TPB to a Parliamentary joint committee on Thursday that the latter had informed...

04 March 2024 • By Miranda Brownlee

Business

ASIC disqualifies director over 7 failed companies

A NSW director has been disqualified following the failure of seven companies owing a combined total of $3.7 million...

02 March 2024 • By Miranda Brownlee

Business

Uni funding overhaul a ‘game changer’ for accountant shortage

The government has the opportunity to boost graduate numbers by prioritising reforms that make accounting courses more...

04 March 2024 • By Christine Chen

Super

Pandemic super withdrawals to cost taxpayers $85bn

Australians will face higher taxes to fund the pensions of those that dipped into savings under the Early Release of...

04 March 2024 • By Christine Chen

Appointments

Assistant Treasurer announces appointments to IPRDC, CADB

Assistant Treasurer Stephen Jones has announced a raft of new appointments to the Insolvency Practitioner Registration...

01 March 2024 • By Miranda Brownlee

Technology

Xero goes all in on AI with accounting chatbot launch

The software company plans to double its turnover through a “simple” strategy that involves bolstering tech offerings...

01 March 2024 • By Christine Chen

Business

Retail spending flattens as consumers curb spending, ABS data shows

Australian retail spending for January fell below expectations and is unlikely to improve until interest rates drop,...

01 March 2024 • By Miranda Brownlee

Regulation

‘Proportionate response’ needed on consulting firm inquiries, cautions IPA

The government must avoid punishing hardworking accountants doing the right thing with its response to recent...

29 February 2024 • By Miranda Brownlee