Business

Businesses must ‘embrace internal auditors as strategic partners’

An HLB Mann Judd partner says directors gain a competitive advantage by recognising the full potential of what...

15 April 2024 • By Christine Chen

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Regulation

Accounting firm, related party to pay $26m for ‘usurping’ client investment

Mulcahy and Co breached confidentiality and fiduciary obligations by using confidential client information to...

12 April 2024 • By Nick Wilson

Business

Restaurant operators hit with $4m in penalties for underpaying staff

Former operators of three Taiwanese restaurants have been issued $4 million in penalties after “deliberately and...

11 April 2024 • By Jack Campbell

Technology

Australian accounting firm held to ransom by Hunters International

A ransomware group has claimed to have exfiltrated data from a Sydney-based accounting firm.

11 April 2024 • By Daniel Croft

Business

AAT reinstates liquidator’s registration with conditions

The tribunal has determined that a liquidator’s registration should be reinstated in a recent decision.

10 April 2024 • By Miranda Brownlee

Business

Findex announces partnership with investment firm

The advisory and accounting firm has formed a new partnership with Mercury Capital to expand its services.

10 April 2024 • By Miranda Brownlee

Business

‘Gift and loan back’ arrangement ruled invalid by Federal Court

The Federal Court has found that representations made about an arrangement promoted as a Vestey Trust were false and...

11 April 2024 • By Miranda Brownlee

Tax

Cost of tax debt ‘to soar in 2025’, CA ANZ warns

Changes to the deductibility of the general interest charge and shortfall interest charge may see the ATO holding a...

11 April 2024 • By Miranda Brownlee

Business

Positive signs for retail and construction in latest business survey

Business conditions fell slightly in March but there are signs of improvement in both the retail and construction...

10 April 2024 • By Miranda Brownlee

Business

Small business productivity slipping below pre-COVID levels

Small business labour productivity is managing to keep pace with big businesses but remains below pre-pandemic output,...

10 April 2024 • By Miranda Brownlee

Regulation

ASIC unveils plans to ramp up surveillance on auditor independence

The corporate regulator plans to undertake a review of auditor compliance across key systemic requirements in 2024–25.

09 April 2024 • By Miranda Brownlee

Business

Service station enters enforceable undertaking over $2.3m in unpaid leave

The South Australian employer will back pay or credit $2.3 million in annual leave entitlements to staff following a...

09 April 2024 • By Miranda Brownlee

Business

Victorian cities rank highest as best location for start-ups

A recent study has revealed that regional cities in Victoria have been ranked as some of the best locations to start a...

09 April 2024 • By Miranda Brownlee

Business

Draft legislation to provide tax relief for certain lump sum payments

The draft legislation will exempt eligible lump sum payments in arrears from the Medicare Levy where they are received...

08 April 2024 • By Miranda Brownlee

Appointments

ATO graduate program for 2025 closing soon

The ATO is on the hunt for accounting, law, finance and commerce graduates for its 2025 graduate program.

08 April 2024 • By Miranda Brownlee

Tax

ATO issues alert on false invoicing arrangements

Businesses using illegal financing arrangements have been put on notice with the Serious Financial Crime Taskforce...

08 April 2024 • By Miranda Brownlee

Business

First-ever accounting conference and expo launches

Accountants Daily will host its inaugural ACE24 Accountants Daily Conference and Exhibition, where the ATO and other...

08 April 2024 • By Miranda Brownlee

Technology

Government warns taxpayers again of myGov ATO scams

Fraudsters are still sending bogus messages to gain access to personal information and illegally claiming tax refunds,...

08 April 2024 • By Christine Chen