Business

Inflation rebounds on high petrol, energy prices

UPDATED: An increase in August reflects rapid rises in volatile items, the ABS says.

28 September 2023 • By Philip King

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Regulation

Accountants sweat on ‘non-stop’ wave of ATO super audits

The Tax Office’s intensified, data-led approach means that accountants have become inundated with superannuation...

27 September 2023 • By Christine Chen

Regulation

TPB, ATO quizzed on whether PwC ‘too big to fail’

Audit concentration among the Big 4 makes the sector unmanageable, Greens senator claims.

27 September 2023 • By Philip King

Technology

Ignition unveils raft of enhancements to platform

Software firm Ignition has announced a broad range of platform upgrades to enable firms to manage revenue and payments...

27 September 2023 • By Miranda Brownlee

Regulation

FWO targets tenfold penalties for ‘serious’ UNSW payslip breaches

The ombudsman has started legal action against the university for record keeping allegedly “so inadequate” it was...

27 September 2023 • By Philip King

Regulation

‘Shadow director’ banned for $17m crash of tax advisory companies

Philip Whiteman was involved with five Melbourne accounting and legal operations that collapsed in 2017.

26 September 2023 • By Philip King

Appointments

‘Most qualified accounting migrants wind up working elsewhere’

White paper identifies accountancy as a profession with a huge mismatch between migrant qualifications and where they...

26 September 2023 • By Christine Chen

Business

Sweeping reforms to streamline access to finance

The Attorney-General has announced a raft of proposed reforms aimed at reducing compliance costs and improving access...

26 September 2023 • By Miranda Brownlee

Business

Shoppers OK with theft as cost of living bites

Over one-quarter of consumers surveyed said it was “a little” to “completely” justifiable to steal from retailers.

26 September 2023 • By Christine Chen

Regulation

CA ANZ opens voting on revised conduct code

As the body’s AGM looms, its annual report shows losses widened to almost $9 million last year.

26 September 2023 • By Philip King

Regulation

Sportsbet ‘induced my gambling’: accountant in $26m fraud case

Benjamin Carter has begun civil action against the betting giant for allegedly unconscionable conduct in relation to...

25 September 2023 • By Naomi Neilson

Appointments

Salary growth ‘line-ball with CPI’, accountants in lead pack

Annual growth of 4.8 per cent comes down to big increases in a handful of sectors, data from Seek shows.

25 September 2023 • By Philip King

Business

1 in 2 retailers expect decline in margins over Christmas

As consumers cut discretionary spending almost three-quarters think discounting will be higher too, Deloitte report...

25 September 2023 • By Miranda Brownlee

Appointments

ASIC chief accountant becomes AUASB chair

The appointment comes as the latest figures show a marked decline in the number of auditors.

25 September 2023 • By Philip King

Business

Finalists unveiled for Women in Finance Awards 2023

More than 240 women in the finance industry have qualified as finalists at this year’s Women in Finance Awards.

22 September 2023 • By Malavika Santhebennur

Regulation

TPB slaps 5-year ban on accountant involved in $26m fraud

Benjamin Carter poses an “unacceptable” risk to the public and must be prevented from practising, the board said.

22 September 2023 • By Christine Chen

Tax

ATO linking system takes giant stride into business

The revised procedure will encompass an additional 1.7 million entities from 13 November.

22 September 2023 • By Philip King

Tax

Victorian ‘Airbnb tax’ misjudges landlords, experts say

Experts believe the proposed levy will be a negative for both property owners and renters.

22 September 2023 • By Christine Chen