Tax

Beware of ‘quirks’ in draft GST ruling, cautions tax expert

The ATO has changed its position on certain timing aspects for claiming input credits in a recent draft ruling, says...

18 March 2024 • By Miranda Brownlee

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Appointments

Pitcher Partners Sydney adds 2 new audit partners

The firm says it is tailoring its efforts to cater to clients who are "seeking alternatives" to the big four firms.

18 March 2024 • By Nick Wilson

Tax

ATO’s client-agent linking a threat to system integrity: IGTO

Tax ombudsman Karen Payne has criticised the byzantine design and implementation of the process, throwing her support...

18 March 2024 • By Christine Chen

Business

Grant Thornton makes job cuts to management consulting group

Chief executive Greg Keith cited “ongoing challenges within the retail market” as contributing to the redundancies.

15 March 2024 • By Miranda Brownlee

Regulation

ASIC acts against 15 auditors over in-house audit concerns

The Corporate Regulator has taken action against 15 auditors following a review into audit firms conducting both...

14 March 2024 • By Miranda Brownlee

Appointments

BDO bolsters audit and advisory teams with new partners

The mid-tier firm has appointed two new partners to expand both its audit and infrastructure advisory teams.

13 March 2024 • By Miranda Brownlee

Business

PwC axes over 300 jobs in major restructure

The firm will make 329 roles redundant and accelerate the retirement of up to 37 partners as it moves in a new...

13 March 2024 • By Miranda Brownlee

Tax

Full Federal Court rejects ATO’s anti-avoidance ruling

In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger...

14 March 2024 • By Miranda Brownlee

Tax

Former ATO employee jailed for accepting bribes

A former Tax Office employee has been sentenced after accepting bribes for reducing millions of dollars in tax debts.

13 March 2024 • By Miranda Brownlee

Business

AFSA’s positive discrimination makes inroads for female trustees

The intervention to attract more women into the conservative profession dominated by men is working, according to CEO...

13 March 2024 • By Christine Chen

Business

Invoice defaults climb to record highs: CreditorWatch

Payment defaults from business-to-business transactions are at record highs despite a slight improvement in...

13 March 2024 • By Miranda Brownlee

Business

Blame game erupts over ATO’s client-agent linking

Widespread confusion caused by the process shows something has gone wrong, but tax agents, professional bodies and the...

13 March 2024 • By Christine Chen

Super

Allowing super for housing would ‘inflame’ market, warns SMC

Enabling super members to use retirement savings to buy a house could unleash a price rise of nearly $75,000 in...

13 March 2024 • By Miranda Brownlee

Business

ATO’s adviser strategy zeroes in on late-paying partners

Private, wealthy professional advisers are less compliant than the ATO had expected and are therefore being targeted...

11 March 2024 • By Miranda Brownlee

Business

Guide to business resilience launched amid rising insolvencies

Vantage Performance and CreditorWatch have released a guide for assisting businesses to put resiliency plans in place.

11 March 2024 • By Miranda Brownlee

Business

Tax Office targeting DPNs at directors with high-value assets

The ATO is increasingly using data-matching tools to identify which directors have the assets to meet director penalty...

11 March 2024 • By Miranda Brownlee

Business

Former accountant pleads guilty to stealing from clients

Damien Luscombe pled guilty to making fraudulent transactions from client accounts at the Victorian County Court last...

11 March 2024 • By Miranda Brownlee

Regulation

Don’t get distracted by PwC’s reforms, senator warns

PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator...

11 March 2024 • By Christine Chen