Business

Economists confident of rate cuts despite hawkish RBA

The central bank refuses to rule out hikes to combat inflation, but commentators believe all indicators point to...

07 February 2024 • By Christine Chen

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Business

RBA leaves rates unchanged at 4.35%

The bank extends its pause on monetary tightening for another month but refuses to rule out a further hike to stamp...

06 February 2024 • By Christine Chen

Super

Unlicensed director faces 9 charges for steering SMSFs into own company

The Queensland man encouraged investors to set up an SMSF then channel funds into crypto assets in his business.

06 February 2024 • By Keeli Cambourne

Business

Conflict ‘inherent’ for firms with public, private clients: Scyne

The PwC spin-off tells a parliamentary committee its mission is “purpose over profit” compared to other big four...

06 February 2024 • By Christine Chen

Tax

ATO to sool debt collector on 150,000 taxpayers

Recoveriescorp has been engaged by the Tax Office in its first use of a collection agency since the pandemic.

06 February 2024 • By Philip King

Technology

QuickBooks aims Online Advanced at mid-market

The AI-enhanced upgrade targets businesses with more than five employees that require additional functionality such as...

06 February 2024 • By Christine Chen

Tax

Staff ready to help with client linking issues: ATO

The Tax Office defends the revised system after a chorus of complaints from agents and bookkeepers.

05 February 2024 • By Philip King

Regulation

One-stop audit and advisory a risk to integrity, says tax lobby

Accounting firms should be prohibited from providing both advisory and audit services to the same entity, the...

05 February 2024 • By Miranda Brownlee

Regulation

ATO closes $105m Plutus payroll case with final fraudster jailed

Sutherland man who pleaded guilty to dealing with the proceeds of crime gets four-and-a-half years.

02 February 2024 • By Philip King

Regulation

ICB urges Canberra to intervene in client linking, ditch red tape

The bookkeeping body’s budget submission calls for regulatory relief in an “incredibly tough” operating environment.

05 February 2024 • By Christine Chen

Technology

AI vital in cyber security arms race, say IT leaders

The technology improves response time to threats and helps with cyber security awareness training, Commvault survey...

02 February 2024 • By Christine Chen

Tax

Businesses threaten: No more tax until client linking fix

The ATO must make client-agent linking simpler or face mounting tax debt and unfiled returns, the ICB says.

02 February 2024 • By Christine Chen

Appointments

1 in 3 workers expect 4-day weeks by 2030, survey finds

Employees also want full flexibility and hybrid working models to become standard practice, according to HR firm ADP.

02 February 2024 • By Christine Chen

Regulation

TASA dob-in provisions ‘devastating’ for agents, Tax Institute warns

The new breach reporting rules will create a challenging environment for tax agents and could see practitioners...

02 February 2024 • By Miranda Brownlee

Business

Lower-than-expected CPI ‘cements case for RBA rate hold’

Economists agree monetary tightening is over for now, but rate cuts will be delayed until it is certain stage 3 cuts...

01 February 2024 • By Christine Chen

Tax

Tax agents ‘waste hours in confusing client linking process’

The complex multi-step system that came into effect in November has confounded taxpayers, practitioners and even the...

01 February 2024 • By Christine Chen

Tax

ATO urges small business owners: ‘Teach yourself tax’

The Tax Office launches a website offering more than 20 online courses covering the essentials of tax, super and...

01 February 2024 • By Philip King

Business

Survey reveals early career accountants receive biggest pay rises

Junior and intermediate chartered accountants are receiving the largest pay increases, a recent CA ANZ survey reveals.

01 February 2024 • By Miranda Brownlee