Tax

ATO will scrutinise fine print in employee v contractor issues

The Tax Office outlines its long-awaited compliance framework for differentiating between an employee and a contractor.

08 December 2023 • By Christine Chen

more from tag

Appointments

Chalmers names ‘tax expert’ Rob Heferen as next commissioner

Incoming ATO chief replaces decade-long incumbent Chris Jordan in March.

07 December 2023 • By Philip King

Regulation

Jones creates fee-free adviser category for banks, super funds

Government reforms aim for simple guidance at scale without “unnecessary red tape”.

07 December 2023 • By Philip King

Business

90% of SMEs to dial back borrowing in 2024, survey finds

Higher borrowing costs and living pressures have prompted small and medium businesses to adopt a raft of conservative...

07 December 2023 • By Christine Chen

Tax

ATO waives $48m under lodgement amnesty

Small businesses only have until the end of December to take advantage of the scheme, the Tax Office warns.

07 December 2023 • By Philip King

Business

Business confidence plummets, two-thirds gloomy about 2024

The November rate rise confirmed a record run of pessimism, the latest Roy Morgan index shows.

07 December 2023 • By Philip King

Regulation

CPA Australia ‘descends into chaos’ as exec quits after 3 months

Head of the key Learning and Innovation group walks on the eve of next wave of job cuts.

06 December 2023 • By Philip King

Business

Scammed Tassie firm recovers $150k in AFP ‘money mule crackdown’

Police have arrested 18 alleged “money mules” across the country for their role in laundering $2.6 million of cyber...

06 December 2023 • By Christine Chen

Regulation

Name-and-shame regime to clamp down on late payers

The government will implement all the recommendations of the Payment Times Reporting Scheme review, minister says.

06 December 2023 • By Philip King

Regulation

University wage theft balloons to $159m

The widespread use of casual workers has enabled “rampant” underpayments across all major universities, the NTEU said.

06 December 2023 • By Christine Chen

Business

Holiday sales, January CPI ‘critical’ to RBA’s next move

Commentators are divided over whether the bank has done enough to rein in inflation after holding rates at 4.35 per...

06 December 2023 • By Philip King

Business

RBA holds the cash rate steady at 4.35%

Below-trend growth and the impact of last month’s raise means steady as it goes.

05 December 2023 • By Philip King

Tax

ATO pursues Coca-Cola for $174m diverted profits tax

The Tax Office’s arguments echo those raised in its landmark win against Pepsi last week.

05 December 2023 • By Christine Chen

Regulation

CPA Australia faces member revolt over job cuts, losses

The country’s largest professional accounting body grapples with a crisis of member confidence.

05 December 2023 • By Christine Chen

Super

Longevity demands ‘fresh approach to retirement’

Greater funding flexibility plus policy and attitude changes are essential as we increasingly live decades after...

05 December 2023 • By Philip King

Business

AccountantsIQ tackles tax challenges of ageing

AgedCareIQ addresses the growing demand from accounting firms and the general community.

04 December 2023 • By Christine Chen

Business

Wage slowdown ‘should prompt RBA pause’

Payroll data has revealed a marked slowdown in rises, Employment Hero says, as it urges restraint on the central bank.

04 December 2023 • By Philip King

Tax

ATO wins landmark diverted profits case against Pepsi

The Tax Office says its victory in the Federal Court should prompt multinationals with similar arrangements to review...

04 December 2023 • By Christine Chen