Regulation

Wesfarmers’ subsidiaries to back pay over $4.8m

Nine ancillary firms have entered into an enforceable undertaking after underpaying more than 3,400 employees.

07 February 2023 • By Josh Needs

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Tax

S100A rules to ‘double the price’ of trust distribution work

A sequence of documents will be required to avoid raising red flags with the ATO, says Change GPS.

07 February 2023 • By Philip King

Business

Small business relying more heavily on accountants: Xero

Survey finds more practices support their clients with wide-ranging advice as a result of deeper ties forged during...

07 February 2023 • By Philip King

Business

Better the devil you know for employees with recession fears

Economic uncertainty is causing staff to strive for promotion with their current employer rather than look elsewhere.

07 February 2023 • By Josh Needs

Appointments

Accountants ‘slowest’ to dip toes in offshore staff market

Unwarranted concerns about data security mean tax agents are missing a trick compared with other finance...

06 February 2023 • By Philip King

Tax

ATO plans publicity campaign for final WFH guidance

More demanding record-keeping requirements in the November draft have been in place since 1 January.

06 February 2023 • By Philip King

Business

‘Values-based capitalism’ needs quid pro quo for business

For banks and super to support a social impact fund, the Treasurer must ensure the private sector can still meet its...

03 February 2023 • By Josh Needs

Regulation

AFP swoops on $150m money laundering operation

Nine charged in Sydney raids for allegedly filtering the proceeds from international crime on an “industrial scale”.

03 February 2023 • By Philip King

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

Appointments

HLB Mann Judd appoints tax consulting partner

Promotion for Sydneysider comes after joining as a graduate and gaining experience with an HLB member overseas.

03 February 2023 • By Josh Needs

Appointments

Class brings back former business development manager

He returns to the same role after spending three years as head of sales at a superannuation firm.

06 February 2023 • By Josh Needs

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