Regulation

ATO pursues sham not-for-profits set up to dodge tax

The office has been tipped off that “private foundations” are being created to take advantage of charitable concessions.

03 February 2023 • By Philip King

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Business

Cathro to help navigate through economic ‘perfect storm’

Advisory division will aim to assist government agencies and accountants in lessening the impact of business collapses.

06 February 2023 • By Philip King

Business

Expansion strategy fuels 42% rise in Kelly Group revenue

The specialist accounting company believes global expansion is vital and has a revenue goal of $100 million “in the...

02 February 2023 • By Philip King

Regulation

CA ANZ members to vote on revised conduct regime

The review of how the body handles disciplinary matters is on track to report in April.

02 February 2023 • By Philip King

Tax

‘Erratic’ valuation increases trigger huge leaps in NSW land tax

Small rises in the tax thresholds combined with much higher land assessments will hit family investors hardest,...

02 February 2023 • By Josh Needs

Business

Business groups call for budget focus on growth, productivity

Tackling inflation and the skills shortage should be top of the government’s to-do list, say Ai Group and BCA.

02 February 2023 • By Josh Needs

Business

Aussie start-ups secure record level of funding: KPMG

Despite a global lull in venture capital, local businesses attracted a landmark $5.84 billion in investment last year.

01 February 2023 • By Josh Needs

Technology

Small business given fail mark for websites, social media

A Digital Health Check survey finds SMEs are failing to make the most of their digital opportunities.

01 February 2023 • By Keeli Cambourne

Business

Budget must ‘fund renewables safety net to prevent rust belt’

The association has also doubled down on its call to subsidise small business financial advice with support from CA ANZ.

01 February 2023 • By Josh Needs

Regulation

Regulator bans two directors for over $10m debt, multiple failures

Between them the two were involved in seven failed companies and the one involved in phoenix activity gets maximum ban.

01 February 2023 • By Philip King

Super

ASIC deregisters 374 SMSF auditors

UPDATED: The regulator cancels hundreds for failing to lodge annual statements after warnings last year.

31 January 2023 • By Miranda Brownlee and Philip King

Tax

Medical centres ‘sleepwalking to payroll tax precipice’

Many GP practices and their accountants are unaware of rulings that could leave them with thousands in unfunded...

31 January 2023 • By Philip King

Business

Budget must address tax reform, small business support: ACCI

The government must also look to help grow SMEs’ productivity via digitisation and further address the labour...

31 January 2023 • By Josh Needs

Technology

CreditorWatch achieves ATO Digital Service Provider certification

The firm’s procedures saw it pass the ATO’s Operational Security Framework with a maintained uptime of 99.95 per cent...

31 January 2023 • By Josh Needs

Regulation

Business penalised $90,000 for underpaying workers

The commercial laundry business was found by the FWO to have underpaid 22 workers across four locations nationally.

30 January 2023 • By Josh Needs

Business

Businesses face loyalty tax to retain staff

The skills shortage that caused firms to pay more for new employees now looks to force organisations to increase pay...

30 January 2023 • By Josh Needs

Appointments

William Buck promotes three directors to New Zealand team

The Auckland-based trio all bring extensive experience in advising businesses from SMEs to multinationals.

30 January 2023 • By Josh Needs

Super

TBC increase to add further complexity, advisers warned

With the general transfer balance cap set to increase to $1.9 million from 1 July, the SMSF Association has...

30 January 2023 • By Josh Needs