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ATO tells accountants to caution clients of scammers
The Tax Office told agents to make sure their clients know the “warning signs to avoid falling head over heels for a scammer”.
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Minimum wage decision ‘could fuel recession risk’
An increase in minimum and award wages is expected to lead to further interest rate rises and increase pressure on small business.
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Suncorp forced to back pay staff $32m
The organisation underpaid more than 15,800 employees between May 2014 and March 2022.
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Why companies should consider AI hiring
Embracing technology is important for standing out from the competition and streamlining processes.
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What to know before denying flexible working requests
The highly-anticipated changes that’ll see employees given more power to challenge refusals for flexible work arrangements have officially come into effect.
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Grant Thornton reveals 12 partner promotions
The internal appointments reflect the positive service provided to its clients, says Grant Thornton.
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Cheques out: Cheques to bounce by 2030
The government will phase out cheques from the financial system by 2030 as part of a payment system overhaul.
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Rising recession fears dampen SME revenue predictions
Four in 10 small businesses say their business is now worse off than before the pandemic despite relatively strong financial performance in May, according to a recent sur...
Tax professionals to be held to higher SMSF standards
After an almost $180,000 tax shortfall from a chartered accountant and approved SMSF auditor, the ATO has reiterated its higher standards for tax professionals.
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Intuit reveals generative AI system across its platforms
The AI will have custom-trained financial language models specialising in solving, tax, accounting, cash flow and personal finance challenges.
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TPB bans agent for 3 years over ‘serious misconduct’
The board found false and misleading statements of experience as well as failure to meet taxation requirements in personal affairs.
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ATO tells small businesses to come clean
Those with overdue tax returns or business activity statements have until 31 December to come clean as part of the Tax Office’s amnesty.
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Ethics board declares PwC tax case a ‘breach of standards’
A director of the independent standard setting board who works for PwC has denied any involvement in the matter.
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RBA surprises businesses with cash rate rise, ‘risks recession’
Stagnant high inflation and growing wages mean further increases are on the horizon according to the board.
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RBA reveals greatly anticipated June rate decision
The Reserve Bank has divulged its June cash rate decision in light of the ABS’s recent Consumer Price Index indicator.
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Deloitte acquires Australian arm of international consulting firm
The move will allow the firm to grow its human capital and payroll management and expand its knowledge with Ceridian’s cloud technology.
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Government warns of tax time scams
As tax time comes into focus so does the increase in fraudulent actors looking to catch individuals out, with almost 20,000 scams already reported.
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BDO expands presence with experienced appointments
All three bring expertise from their time at big four firms.
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Businesses oppose ‘same job, same pay’ IR changes
A joint statement from business associations of all sizes claimed the policy would reduce productivity.
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Government to act on migrant worker ‘crisis of exploitation’
The announced measures will help protect vulnerable workers after it found one in six migrants in Australia is paid less than minimum wage.
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