Business

Key business data points to ‘sharp rise in company collapses’

Business activity below pre-pandemic levels and rising payment defaults paint a gloomy picture, according to...

18 October 2023 • By Philip King

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Regulation

Government outlines rules regime for crypto platforms

Digital asset providers will come under existing financial services laws and need an AFSL under proposals just released.

17 October 2023 • By Miranda Brownlee

Regulation

Logistics company fined for underpaying hundreds of migrants $3.6m

Federal Court imposes a $558,000 penalty on the business for deliberately short changing holiday visa holders over...

17 October 2023 • By Philip King

Business

Carbon acquires fourth Victoria office with bookkeeping takeover

Based on the Mornington Peninsula, Rad Bookkeeping & Business Solutions is the group’s seventh acquisition this year.

16 October 2023 • By Philip King

Regulation

KPMG UK hit with record £30m for audit failures

The firm overlooked numerous signs that multinational construction company Carillion was loss-making in the three...

16 October 2023 • By Philip King

Business

Accountants ‘should act early on tax debt red flags’

Seeking help sooner rather than later gives a business owner more options and leads to a better result for all the...

16 October 2023 • By Philip King

Appointments

Tax Institute appoints Scott Treatt as CEO

The former general manager of tax policy and advocacy takes over with a mission to empower the tax community.

16 October 2023 • By Miranda Brownlee

Regulation

Disability NFP back pays staff $6.5m after ‘fundamental’ payroll error

The FWO has secured its fifth enforceable undertaking in FY2023–24, and its third involving a not-for-profit care...

13 October 2023 • By Christine Chen

Technology

Hackers eye financial businesses for payday, says cyber expert

Security company Trustwave said hackers have been breaching businesses’ networks by crafting convincing phishing...

13 October 2023 • By Christine Chen

Business

Xero adds gen AI to help desk, promises faster service

The release underscores the accounting software company’s rapid adoption of AI.

13 October 2023 • By Christine Chen

Regulation

PwC has lost social licence to self-regulate: Senator Pocock

The reforms PwC plans to adopt in response to the tax leaks scandal have no teeth and will not see a significant shift...

13 October 2023 • By Miranda Brownlee

Tax

ATO to launch upgraded website next month

After almost a decade, the current design moves aside for a more streamlined, intuitive online service, the Tax Office...

12 October 2023 • By Philip King

Super

$3m super tax will thump thousands of SMSF members with $80k bill

More than one in eight will experience “liquidity stress” trying to meet the tax obligations, a report by Adelaide Uni...

12 October 2023 • By Keeli Cambourne

Business

CA ANZ fails to deliver for smaller firms: ChangeGPS

The accounting bodies look weak beside the representative organisations of other professions, says Queensland software...

12 October 2023 • By Miranda Brownlee

Regulation

Accounting bodies oppose increase to bankruptcy threshold

A rise in the default figure to $20,000 will fail to alleviate cost-of-living pressures, say CPA Australia and CA ANZ.

12 October 2023 • By Miranda Brownlee

Business

How to service clients from Indigenous backgrounds

Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous...

12 October 2023 • By Malavika Santhebennur

Appointments

Treasury names 3 members to bolster TPB

The appointments of two lawyers and one tax professor aim to bring a “diversity of skills and experience” to the board.

11 October 2023 • By Christine Chen

Business

Glimmer of hope in consumer mood, business cautiously confident

Interest rate rises have done more to dampen the confidence of consumers than businesses, according to surveys from...

11 October 2023 • By Christine Chen