Regulation

$12m illegal tobacco haul destroyed in NSW

A joint taskforce discovered 77 tonnes of illicit tobacco and the ATO estimates 10 per cent of excise is evaded.

03 May 2023 • By Philip King

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Business

More rises possible with 2 years before CPI hits target: RBA

UPDATED: Concerns over the tight labour market and services inflation forced the bank to raise rates – and it might...

03 May 2023 • By Philip King

Tax

Off-market buybacks ‘super-size tax benefits – for some’

We all pay for the preferential treatment of off-market buybacks but it unfairly streams the rewards to one group of...

02 May 2023 • By Philip King

Regulation

Woman gets 8 years’ jail for role in $105m payroll fraud

Court sentences the daughter of a former ATO deputy commissioner for central part in conspiracy while her brother...

02 May 2023 • By Philip King

Appointments

BDO adds partner to cyber security team

A former CBA specialist joins to offer expertise on digital strategy and resilience.

02 May 2023 • By Philip King

Tax

Flick to electricity for 20% tax deduction, small business told

Tradies, manufacturers and restaurants to get a budget bonus for moving away from gas or for upgrading appliances.

02 May 2023 • By Philip King

Business

Internal auditors increasingly focused on ESG bottom line

Around half the profession is now involved in environmental, sustainability and governance risks as formal disclosure...

01 May 2023 • By Philip King

Tax

ATO upgrades to ‘simpler, better’ lodgment deferral system

The revised application method will soon become the single point of entry for deferral requests, the Tax Office says.

01 May 2023 • By Philip King

Business

Rate rise ‘will push at risk mortgage-holders to record high’

Roy Morgan research shows mortgage stress will exceed GFC levels if the RBA raises rates again tomorrow.

01 May 2023 • By Philip King

Appointments

AFCA recruits consumer advocate to board

The financial complaints body replaces an inaugural member with a lawyer and policy specialist.

01 May 2023 • By Philip King

Regulation

Sydney restaurants forced to back pay short-changed staff $240k

Raids by the FWO found wage and payslip breaches at three-quarters of the outlets.

28 April 2023 • By Philip King

Tax

ATO to amend s100A ruling in wake of Guardian appeal

But tax specialists say its comments on reimbursement agreements fall short and the issue of ordinary family or...

28 April 2023 • By Philip King

Business

Perks to help light up Adelaide’s winter festival

Sponsoring Illuminate Adelaide chimes with the firm’s goal of helping to reinvigorate the city post-pandemic, it says.

28 April 2023 • By Philip King

Business

Digital platform disputes ‘a nightmare for small business’

Lock-outs, fake online reviews and other issues require clear, standardised resolution procedures, says ASBFEO.

28 April 2023 • By Philip King

Appointments

William Buck recruits two directors from Fordham Group

With expertise in corporate financial management and property development, the duo join the firm’s business advisory...

28 April 2023 • By Philip King

Regulation

Financial adviser jailed for stealing $652k from SMSF accounts

Former director of Refocus pleads guilty to nine counts of fraud in Queensland court.

27 April 2023 • By Philip King

Business

Aussie small business owners fare worse than peers overseas

Local entrepreneurs report lower overall life satisfaction than comparable nations, a Xero survey reveals.

27 April 2023 • By Philip King

Business

False dawn of CPI slowdown conceals dangers for business

Observers urge caution and government action because the latest CPI figure contains as much bad news as good.

27 April 2023 • By Philip King