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‘Accountants key’ to meeting tighter ESG rules
Companies will look to tax professionals to help them achieve greater sustainability levels required by increasing regulation and stakeholders’ desires.
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$19m digital advice program aims to move small businesses online
Three suppliers have been named for round two of government’s subsidised technology assistance scheme.
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Seafood labelling regime ‘huge burden’ on hospitality
The small business ombudsman says proposed country-of-origin rules would be a nightmare in practice.
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BGL provides automated crypto data with Syla
The integration will make it easier for accountants facing increased crypto compliance measures as digital currency increases in popularity, says the firm.
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Fraudulent SME business insurer sentenced to nearly three years in jail
The dishonest actor obtained almost $100,000 by providing invalid insurance to small businesses.
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Two jailed for separate multi-million dollar tax fraud schemes
Joint ATO-AFP taskforce results in prison for fake BAS lodgements and the first jail term for alleged members of an international crime syndicate.
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Accountants must highlight dangers of raiding super: ATO
The Tax Office tells the industry to alert clients that there are consequences from illegal early access schemes.
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EY Australia selects pharmacy magnate as entrepreneur of the year
The Chemist Warehouse founder goes to Monaco in June to represent Australia at the global final.
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Paycepaid acquires Australian Debt Recoveries
The deal will provide accountants and bookkeepers with a fully integrated end-to-end accounts receivables system, the company says.
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ATO warns SMSF on sole purpose test for property investment
Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such as personal use of a fund asset, warned the ATO direc...
FWO targets underpayment of apprentices
The ombudsman has secured more than $15,000 in penalties against an electrical services business that paid an apprentice $100 for five months of work.
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KPMG moves to ESG-designed Parramatta office
The firm’s recently finished centre has been designed to promote employee wellbeing and an enhanced workplace experience.
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Government initiates bill to expand unpaid parental leave
The broader leave entitlements are said to provide greater flexibility for families, but professional groups remain sceptical.
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ASBFEO launches inquiry into Commonwealth tendering and SMEs
The review will identify the effectiveness of AusTender and the ability of small businesses to compete for government contracts.
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RBA must pause rates in response to easing CPI, say experts
The February figure revealed a second consecutive month of lower inflation but rent was seen as a growing problem.
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Microsoft releases AI cyber security tool
Microsoft Security Copilot is said to improve efficiency and reactions to cyber breaches by constantly learning to provide the latest cyber security measures.
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ATO ‘must rearm’ against sales suppression tech
Increased penalties and stronger action have hindered the use of the technology but more needs to be done to combat the shadow economy, says review.
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Accounting firms fetch higher prices as supply dries up
A quiet consolidation in the regions means fewer sellers and now buyers are changing their strategy, says one specialist.
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SMEs battle unique combination of inflation, labour drought
Despite resilience during the pandemic, a COSBOA report says small businesses risk being dragged back down by challenges to their viability.
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New Broker Academy 2023 to help you become a broker
Registrations have opened for the 2023 New Broker Academy, a free conference that arms accountants with the tools to launch a broking career.
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