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Lawyer and accountant in $105m Plutus Payroll scam faces court
A lawyer and accountant caught up in Australia’s largest fraud scam, which robbed the Tax Office of over $100 million, has faced court.
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Financial transformation firm Canvas integrates with OpenAI
The AI partnership has provided additional capabilities for its users on the blockchain, says the firm.
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Retail rebounds on discretionary spending, dining out
Turnover rises above expectations in May thanks to food costs and sales events.
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Small businesses must understand 1 July changes, says ASBFEO
As smaller firms look to battle against harsh operating conditions, owners and managers need to comprehend what the changes will mean.
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RSM promotes nine with focus on cyber, climate risks
Fresh partners with expertise in ESG and digital security bolster the firm’s Perth leadership team.
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SA medical centres win payroll tax reprieve
One-year amnesty gives health centres time to adjust until and “helps to secure the future of general practice” in the state, says RACGP.
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One in four households raids savings to make ends meet
The rising cost of groceries, energy and fuel are forcing consumers to dip into nest eggs, a survey finds.
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Inflation slows to lowest level in more than a year
However, excluding price moves in volatile items shows only a modest fall in underlying inflation, the ABS says.
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What tax agents must tell SMEs before 30 June
With only a few days until the end of the financial year, there are three things small businesses need to know, according to the ATO.
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KPMG Australia elects next national chairman
The national managing partner takes over the position from Alison Kitchen in September.
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ISSB standards to provide clarity for businesses
While they may not be the primary target of the sustainability framework, SMEs must be aware of the impact they could have as part of a supply chain.
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Accountant faces 10 years’ jail, charged with forging signatures
ASIC alleges the accountant falsified signatures in audits of 12 clients between 2015 and 2020.
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Avoid lodging returns too early, warns ATO
Waiting for all pre-filled data to be gathered before lodging is the best way to avoid processing delays and follow-up questions, says the Tax Office.
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ATO reveals refreshed charter
The Tax Office says the charter has reinforced its commitment to the Australian community.
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TPB bans agent for 5 years over $16m in undeclared income
The organisation found the tax agent also failed to lodge 54 BAS and 23 income tax returns.
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RSM Australia appoints 3 additional partners
The firm said the appointments are in response to the increasingly complex environment and demands from clients.
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PwC’s $1 deal an attempt to ‘phoenix’ its government relationship
The global organisation has taken greater control of the Australian firm’s mishaps, parachuting in one of its own as the next CEO.
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Small businesses account for one-third of Australia’s GDP
However, less than 10 per cent of SME owners are under 30, less than half of what it was back in the mid-1970s.
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Firms should embrace AI to increase efficiencies
Accountants will not be replaced by AI but instead by those in the industry that know how to best leverage it.
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Beware of personal guarantees, warns insolvency firm
The organisation described them as a ‘business owner’s kryptonite’ with the ability to lead to bankruptcy.
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