Business

One in four households raids savings to make ends meet

The rising cost of groceries, energy and fuel are forcing consumers to dip into nest eggs, a survey finds.

29 June 2023 • By Philip King

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Appointments

KPMG Australia elects next national chairman

The national managing partner takes over the position from Alison Kitchen in September.

28 June 2023 • By Josh Needs

Business

ISSB standards to provide clarity for businesses

While they may not be the primary target of the sustainability framework, SMEs must be aware of the impact they could...

28 June 2023 • By Josh Needs

Regulation

Accountant faces 10 years’ jail, charged with forging signatures

ASIC alleges the accountant falsified signatures in audits of 12 clients between 2015 and 2020.

28 June 2023 • By Josh Needs

Tax

Avoid lodging returns too early, warns ATO

Waiting for all pre-filled data to be gathered before lodging is the best way to avoid processing delays and follow-up...

28 June 2023 • By Josh Needs

Tax

ATO reveals refreshed charter

The Tax Office says the charter has reinforced its commitment to the Australian community.

27 June 2023 • By Josh Needs

Regulation

TPB bans agent for 5 years over $16m in undeclared income

The organisation found the tax agent also failed to lodge 54 BAS and 23 income tax returns.

27 June 2023 • By Josh Needs

Appointments

RSM Australia appoints 3 additional partners

The firm said the appointments are in response to the increasingly complex environment and demands from clients.

27 June 2023 • By Josh Needs

Business

PwC’s $1 deal an attempt to ‘phoenix’ its government relationship

The global organisation has taken greater control of the Australian firm’s mishaps, parachuting in one of its own as...

27 June 2023 • By Josh Needs

Business

Small businesses account for one-third of Australia’s GDP

However, less than 10 per cent of SME owners are under 30, less than half of what it was back in the mid-1970s.

26 June 2023 • By Josh Needs

Technology

Firms should embrace AI to increase efficiencies

Accountants will not be replaced by AI but instead by those in the industry that know how to best leverage it.

26 June 2023 • By Josh Needs

Business

Beware of personal guarantees, warns insolvency firm

The organisation described them as a ‘business owner’s kryptonite’ with the ability to lead to bankruptcy.

26 June 2023 • By Josh Needs

Business

Are we witnessing a skills recession?

Almost 90 per cent of organisations have reported experiencing skills shortages, and accounting is not immune.

26 June 2023 • By Jack Campbell

Appointments

BDO appoints 17 partners for 1 July promotions

The appointments reflect the firm’s commitment to developing its employees through to the partner level, it said.

23 June 2023 • By Josh Needs

Business

RBA governor’s fate to be revealed in coming weeks

The decision on who will take on the “big job” will be made in July before Parliament returns, said the Treasurer.

23 June 2023 • By Josh Needs

Business

COSBOA pushes for global ESG standards to combat greenwashing

Australia must adopt internationally recognised ESG standards in order to stamp out greenwashing, says COSBOA.

23 June 2023 • By Josh Needs

Business

PwC partners held ‘no regard for their obligation to confidentiality’

A “six-year-old child of normal intelligence” would know what conspired at PwC was wrong, from the cover-ups to the...

23 June 2023 • By Josh Needs

Tax

Federal government passes $1.5bn in technology and training boosts

The legislation will be backdated to 29 March 2022 so small and medium businesses can take advantage of the full...

23 June 2023 • By Josh Needs