Regulation

ATO ‘underestimated’ impact of Collins licensing decision: Hirschhorn

The second commissioner told the Inquiry into Consulting he regrets not escalating the PwC matter more rapidly given...

23 April 2024 • By Miranda Brownlee

more from tag

Business

CPA Australia axed 121 staff, services for internal revamp: report

The body’s latest integrated report shows it cut nearly one-fifth of its workforce in 2023, double what was originally...

22 April 2024 • By Christine Chen

Business

Business confidence lifts among smaller firms, survey reveals

Confidence about future success has risen among smaller firms but declined among medium and larger middle market...

22 April 2024 • By Miranda Brownlee

Business

ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown

Tax agents have been told to readjust their expectations around payment plans and penalty remissions as the ATO...

22 April 2024 • By Miranda Brownlee

Business

Intuit QuickBooks partners with Australian Accounting Awards

The online accounting software provider has joined this year’s awards as its principal partner.

19 April 2024 • By Malavika Santhebennur

Business

ATO updates client-agent linking system to prevent ‘inadvertent errors’

Accounting associations have welcomed the changes but stress that much more must be done to address key issues in the...

19 April 2024 • By Miranda Brownlee

Business

Company failures on track to reach 12-year high: ASIC

Over 10,000 businesses are expected to enter external administration by the financial year's end, the regulator...

19 April 2024 • By Christine Chen

Technology

BGL readies for the ‘great wealth transfer’ with HeirWealth

The integration will automate valuation processing, enabling “better intergenerational conversations about money”, the...

19 April 2024 • By Christine Chen

Technology

TaxLeopard partners with InnovateGPT to build smart tax assistant

The Smart Tax Assistant leverages artificial intelligence to provide tailored and real-time accounting and tax...

17 April 2024 • By Miranda Brownlee

Appointments

Former Xero Australia head appointed Everperform CEO

Outgoing CEO Daniel Spitty will stay on as the company’s chief product officer as new CEO Will Buckley eyes a...

18 April 2024 • By Nick Wilson

Tax

ATO explores ‘digitised guidance’ to combat Division 7A issues

Embedding ATO advice and guidance into software solutions will detect and correct errors with Division 7A ahead of...

18 April 2024 • By Miranda Brownlee

Business

EY cuts 148 staff citing low consulting, financial services demand

The announcement is the latest in a string of industry-wide layoffs following the PwC tax leaks scandal and broader...

17 April 2024 • By Miranda Brownlee

Business

CFO specialist shares valuable lessons from mental health recovery

A CFO advisory specialist has, after recovering from his own mental health challenges, underscored the need for...

18 April 2024 • By Miranda Brownlee

Appointments

MYOB taps Sportsbet IT boss to ‘accelerate product development’

Incoming CTO Simon Noonan says the “vision and opportunity to scale” at the accounting software giant attracted him to...

17 April 2024 • By Christine Chen

Tax

Tax expert pushes for permanent change with instant asset write-off threshold

Amendments before Parliament will see a more significant increase to the instant asset write-off threshold but for a...

16 April 2024 • By Miranda Brownlee

Business

Draft legislation released to name and shame late payers

The proposed overhaul will be a “shot in the arm” for small businesses by improving cash flow and reducing red tape,...

17 April 2024 • By Christine Chen

Business

External administrations hit record high in March

Small and medium businesses in construction and retail are at the highest risk of collapse, according to CreditorWatch.

17 April 2024 • By Christine Chen

Business

Personal insolvencies for business owners spike amid rising pressures

Recent data shows that business-related personal insolvencies have risen with the big banks remaining vigilant with...

15 April 2024 • By Miranda Brownlee