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News
Budget update benefits from $66bn in extra tax receipts
The revisions include a modest deficit next year and almost $40 billion in improvements out to 2026-27, the Treasurer says.
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Raft of revenue tweaks in MYEFO to raise millions
Changes to interest deductibility, taxes, thresholds and even passport fees made up the fineprint of the mid-year economic update.
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Legal high-flier to take reins at CPA Australia
Baker McKenzie regional chief Chris Freeland will replace Andrew Hunter next March.
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‘Brazen’ unregistered tax preparer fined $230k, banned for life
Perth woman broke the TASA on more than 500 occasions and exposed clients to unpaid taxes and penalties.
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Healthcare, public admin firms ‘fail at double rate of last year’
CreditorWatch data shows private companies operating in sectors with government involvement are going broke the quickest.
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Regional SMEs ‘fret over financial health, inflation’
A “yawning financial gap” has opened up between metro small businesses and their country cousins, survey finds.
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$3m super tax ‘will be devastating to farmers’
The SMSFA says claims by big super that just one in 100 funds have farm income fails to reflect reality.
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Cyber start-up Trustmi launches bank account validation tool
Conventional methods for validating vendor payments fall short, it says.
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Retailers ‘must raise cyber game to win holiday shoppers’
Fears of online fraud peak during the festive season, a survey finds, with only 9 per cent of consumers saying they have “full trust” in businesses managing their dat...
Migration strategy aims to fix ‘broken system’
A core list of occupations in demand combined with a new visa would help bring in the arrivals the nation needs, Home Affairs Minister says.
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Cairns woman gets 3 years’ jail for $283k GST fraud
Deborah Martin pleaded guilty to filing fraudulent BAS in the latest win for the ATO’s Operation Protego.
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Canberra scales up TPB sanction powers, penalties
Forging ahead with its response to the PwC tax scandal, the government proposes introducing a wider range of civil and criminal penalties, suspension powers and administ...
Code of conduct aims to tighten ethical standards
Draft provisions from the Assistant Treasurer include measures on integrity, conflicts of interest and confidentiality.
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Zeller corporate card ‘pain relief’ for expense control
The banking disruptor for businesses claims the cards are “expense management your finance team will love”.
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Late payments threaten 4 in 5 businesses: CreditorWatch
Holiday period looms as critical for companies already facing a slowdown, survey finds.
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Director cops 1.5-year ban for failed companies owing $9.5m
Four businesses in the food services sector collapsed at the tail end of the pandemic.
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Profit-focused accounting events ‘have lost their way’
Vendors and event organisers need to rethink how they do content, according to marketing specialist Trent McLaren.
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Government unveils plans for ‘super complaints’ body
Small business and consumer advocacy groups will have a direct channel to bring “significant or systemic market issues” to the ACCC’s attention.
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CPA Australia’s ‘final round’ of job cuts claims 4
“Years of expertise” depart with yesterday’s redundancies, which the body says completes its restructuring.
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ATO disqualifies 223 SMSFs trustees
Hundreds failed to comply with super laws or raised concerns about their suitability, the office says.
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