Super

ATO warns SMSF on sole purpose test for property investment

Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such...

31 March 2023 • By Keeli Cambourne

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Business

Government initiates bill to expand unpaid parental leave

The broader leave entitlements are said to provide greater flexibility for families, but professional groups remain...

31 March 2023 • By Josh Needs

Business

ASBFEO launches inquiry into Commonwealth tendering and SMEs

The review will identify the effectiveness of AusTender and the ability of small businesses to compete for government...

30 March 2023 • By Josh Needs

Business

RBA must pause rates in response to easing CPI, say experts

The February figure revealed a second consecutive month of lower inflation but rent was seen as a growing problem.

30 March 2023 • By Josh Needs

Technology

Microsoft releases AI cyber security tool

Microsoft Security Copilot is said to improve efficiency and reactions to cyber breaches by constantly learning to...

30 March 2023 • By Josh Needs

Regulation

ATO ‘must rearm’ against sales suppression tech

Increased penalties and stronger action have hindered the use of the technology but more needs to be done to combat...

29 March 2023 • By Josh Needs

Business

Accounting firms fetch higher prices as supply dries up

A quiet consolidation in the regions means fewer sellers and now buyers are changing their strategy, says one...

29 March 2023 • By Philip King

Business

SMEs battle unique combination of inflation, labour drought

Despite resilience during the pandemic, a COSBOA report says small businesses risk being dragged back down by...

29 March 2023 • By Josh Needs

Business

New Broker Academy 2023 to help you become a broker

Registrations have opened for the 2023 New Broker Academy, a free conference that arms accountants with the tools to...

28 March 2023 • By Malavika Santhebennur

Regulation

Whistleblower who lifted lid on aggressive ATO tactics to face trial

Richard Boyle will answer charges relating to his time at the office after speaking out about its debt collection...

28 March 2023 • By Philip King

Technology

Airwallex slashes price of processing online payments

Increased investment allows it to offer ‘mates rates’ to local customers, the Australian start-up says.

28 March 2023 • By Josh Needs

Technology

Xero certifies Karbon app ahead of integration

Karbon contact data will be synchronised with Xero Practice Manager but WorkflowMax will be retired in mid-2024.

28 March 2023 • By Josh Needs

Technology

14m personal records stolen in Latitude hack

The financial group confirms the cyber criminals made off with driver’s licence numbers and the personal details of...

27 March 2023 • By Philip King

Regulation

Investors vulnerable to financial misconduct ‘despite CSLR’

Accounting bodies support the compensation scheme but worry about the cost and want better upfront protection for...

28 March 2023 • By Josh Needs

Regulation

Ex-restaurant owner penalised almost $60k for exploiting visa holder

The FWO found the manager dismissed the Bangladeshi for lodging a workers’ compensation claim.

27 March 2023 • By Josh Needs

Tax

Accountants ‘need to raise their game on FBT’

The ATO wants tax practitioners to help police the system, says FBT specialist Paul Mather.

27 March 2023 • By Philip King

Business

Family businesses are bouncing back post-pandemic: PwC

Survey shows family firms need to embrace technology and develop clear ESG strategies for the best chance of future...

27 March 2023 • By Josh Needs

Regulation

AFP charges four for allegedly laundering $1.7m from cybercrime

The police claim they set up dozens of bank accounts using stolen identities to transfer money overseas.

24 March 2023 • By Philip King