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Accounting bodies welcome Palaszczuk backflip on land tax
Tax professionals unite in condemning Queensland’s “misguided revenue grab”.
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Call to adopt EU data regs as Optus reputation dives
Lawyers say tougher penalties are appropriate while the telecom is already paying a huge reputational price.
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Insolvency body welcomes ‘overdue’ review of bankruptcy laws
Personal and corporate insolvency regimes should merge to reduce cost and complexity, says ARITA.
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Australia reclaims digital rank, but marked down for cyber security
The government should do more to help small businesses adopt technology, says CPA Australia.
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BDO recruits three partners away from rivals
Melbourne and Sydney newcomers bring experience at EY, KPMG and Pitcher Partners.
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ATO’s digital drive has global dimension, says Commissioner
Forum on Tax Administration doubles down on international co-operation in 20th anniversary session in Sydney.
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Palaszczuk dumps controversial land tax
The Queensland premier has dropped the land tax revisions that calculate liability by including holdings in other states.
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PwC bumps paid parental leave to 26 weeks
The firm broadens the entitlement so that both parents qualify for the more generous allowance.
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Pitcher Partners promotes two experienced staffers
Long-time employees earn elevation to partner and bolster the firm’s corporate finance team.
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Dead and resigned directors caught in ID requirement net
Directors have been warned that requirements to obtain a director ID apply to resigned or deceased directors in some cases as the November deadline draws closer.
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TPB deregisters tax agent after fraud conviction
The agent gave false information in an attempt to obtain a $1.16 million loan and failed to disclose his sentence to the board.
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Seqwater forced to back-pay staff more than $7m
South-East Queensland water utility has entered an enforceable undertaking with the FWO after short-changing almost 800 employees.
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Auditor Proud Day toasts the profession with tea and cupcakes
It’s a time to reflect on the challenges and embrace a pivotal role in sustainability, say leaders.
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Accountants still in ‘quandary’ over ATO’s 100A
Decisions around trust distributions were made under a cloud of ambiguity by 30 June as 100A had not provided clarity, says a Melbourne specialist.
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Auditors must change ‘colourless image’ to stem declining numbers
A traditional profession with over-complex regulations or exciting and vibrant chance to experience the world?
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SMSF crypto assets soar to over $1bn
Cryptocurrency assets held in SMSFs have seen more than a fivefold increase in the past two years, according to recent ATO statistics.
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Accountants, finance staff steal $130m from bosses over decade
Out of 102 cases of $1 million-plus thefts from businesses, accounting and finance professionals were the chief culprits, report finds.
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COSBOA clarifies position with statement of intent
The small-business body aims to quell criticism following a joint statement with the ACTU just before the Jobs and Skills Summit.
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Moore Australia appoints director to corporate recovery practice
The registered liquidator joins with over 14 years of experience in insolvency and business recovery.
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AICPA and CIMA set up inaugural Australasian committee
The entities hope to work with existing associations in Australia to advance the accounting profession, said the committee chair.
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