Regulation

Suncorp forced to back pay staff $32m

The organisation underpaid more than 15,800 employees between May 2014 and March 2022.

09 June 2023 • By Josh Needs

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Appointments

Grant Thornton reveals 12 partner promotions

The internal appointments reflect the positive service provided to its clients, says Grant Thornton.

09 June 2023 • By Josh Needs

Business

Cheques out: Cheques to bounce by 2030

The government will phase out cheques from the financial system by 2030 as part of a payment system overhaul.

09 June 2023 • By Annie Kane

Business

Rising recession fears dampen SME revenue predictions

Four in 10 small businesses say their business is now worse off than before the pandemic despite relatively strong...

09 June 2023 • By Josh Needs

Tax

Tax professionals to be held to higher SMSF standards

After an almost $180,000 tax shortfall from a chartered accountant and approved SMSF auditor, the ATO has reiterated...

09 June 2023 • By Josh Needs

Technology

Intuit reveals generative AI system across its platforms

The AI will have custom-trained financial language models specialising in solving, tax, accounting, cash flow and...

08 June 2023 • By Josh Needs

Regulation

TPB bans agent for 3 years over ‘serious misconduct’

The board found false and misleading statements of experience as well as failure to meet taxation requirements in...

08 June 2023 • By Josh Needs

Tax

ATO tells small businesses to come clean

Those with overdue tax returns or business activity statements have until 31 December to come clean as part of the Tax...

08 June 2023 • By Josh Needs

Regulation

Ethics board declares PwC tax case a ‘breach of standards’

A director of the independent standard setting board who works for PwC has denied any involvement in the matter.

08 June 2023 • By Josh Needs

Business

RBA surprises businesses with cash rate rise, ‘risks recession’

Stagnant high inflation and growing wages mean further increases are on the horizon according to the board.

07 June 2023 • By Josh Needs

Business

RBA reveals greatly anticipated June rate decision

The Reserve Bank has divulged its June cash rate decision in light of the ABS’s recent Consumer Price Index indicator.

06 June 2023 • By Josh Needs

Business

Deloitte acquires Australian arm of international consulting firm

The move will allow the firm to grow its human capital and payroll management and expand its knowledge with Ceridian’s...

07 June 2023 • By Josh Needs

Tax

Government warns of tax time scams

As tax time comes into focus so does the increase in fraudulent actors looking to catch individuals out, with almost...

07 June 2023 • By Josh Needs

Appointments

BDO expands presence with experienced appointments

All three bring expertise from their time at big four firms.

06 June 2023 • By Josh Needs

Business

Businesses oppose ‘same job, same pay’ IR changes

A joint statement from business associations of all sizes claimed the policy would reduce productivity.

06 June 2023 • By Josh Needs

Regulation

Government to act on migrant worker ‘crisis of exploitation’

The announced measures will help protect vulnerable workers after it found one in six migrants in Australia is paid...

06 June 2023 • By Josh Needs

Tax

Taxpayers must ensure they are ‘tax literate’: CPA

Australia’s complex system means too many people are making costly mistakes on their returns, says the association.

06 June 2023 • By Josh Needs

Business

Businesses are relying on poor managers due to the pandemic

The labour shortage and pandemic have left companies haemorrhaging due to inadequate supervisors, says a CEO.

05 June 2023 • By Josh Needs