Tax

Most taxpayers ‘in the dark’ about their return result

Widespread disappointment about refunds – or even money owing – should be unsurprising, according to a CPA Australia...

07 August 2023 • By Philip King

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Business

Poor culture ‘root cause’ of company failures

Staff turnover, product recalls and tighter credit are typically symptoms of a more profound issue, says turnaround...

08 August 2023 • By Philip King

Business

Food production crisis to feed insolvency backlog

An economy in strife means farming, as well as retail and construction, will add to the number of pandemic zombie...

07 August 2023 • By Philip King

Regulation

AFP ‘had insufficient information from ATO to pursue PwC’ in 2018

Sample documents were supplied by the Tax Office five years ago but it was only in May that Treasury reported a crime...

04 August 2023 • By Philip King

Regulation

Director faces jail for dishonest handling of $500k in SMSFs

The lure of “property developments” persuaded investors to set up SMSFs then move funds into two companies controlled...

04 August 2023 • By Philip King

Business

Lower consumption to drive ‘slower growth across all states’

Economic growth is expected to slow right across Australia in 2023–24 with the rebound from COVID-19 “now firmly in...

04 August 2023 • By Miranda Brownlee

Business

Air Accounting expands with specialist bookkeeping acquisition

The Sydney-based firm plans to grow through buying niche e-commerce, medical and technology brands next.

04 August 2023 • By Christine Chen

Regulation

Slack record retention policies ‘expose firms to cyber crime’

Holding on to client data heightens the risk of theft and turns businesses into unwitting law-breakers, says...

04 August 2023 • By Philip King

Tax

Average ATO refund tumbles $430 compared to last July

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.

03 August 2023 • By Philip King

Business

Cash flow forecasting critical in unprecedented environment: BDO

Preparing a short-term cash flow forecast is a practical step businesses can take to manage liquidity issues in the...

03 August 2023 • By Miranda Brownlee

Technology

Deloitte acquires cyber security specialist ParaFlare

Seven-year-old start-up brings team of 80 and a “unique approach” to digital defence.

03 August 2023 • By Philip King

Business

RBA delivers welcome pause but raises fears of another rise

The bank says falling inflation means its monetary policy is working but further tightening may be necessary.

02 August 2023 • By Philip King

Regulation

FWO forces big business to hand back $500m in unpaid wages

The watchdog wants to protect vulnerable workers and promote compliance through education.

02 August 2023 • By Christine Chen

Business

Government contracts ‘in crowd’ keeps small business in dark

Small business is struggling to benefit from changes to procurement rules, says ASBFEO.

02 August 2023 • By Philip King

Business

RBA weighs uncertainty in rate decision

Further tightening may be required, the bank says, but higher interest rates are working.

01 August 2023 • By Philip King

Appointments

Global accountant body names CA ANZ chief as next chair

The incoming head of Chartered Accountants Worldwide will focus on promoting sustainability and ethics globally in the...

02 August 2023 • By Christine Chen

Regulation

AAT upholds TPB ban of ‘dishonest’ Victorian tax agent

The agent exposed SMSF clients to prosecution and failed to disclose a substantial debt to the ATO.

02 August 2023 • By Philip King

Regulation

Accountants ‘ill prepared’ for tighter client ID regime

The next phase of anti-money laundering rules will raise the bar on verification to comply with global standards, but...

01 August 2023 • By Philip King