Regulation

ATO ditches November ID deadline for resigned directors

Draft legislation narrows the scope of the number scheme following criticism that it cast the net too wide.

16 November 2022 • By Philip King, Miranda Brownlee

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Super

Scrap SMSF auditor registration fee: accounting bodies

Draft legislation proposing to raise the charge 14 per cent risks discouraging applications, they say.

16 November 2022 • By Miranda Brownlee

Technology

MYOB and Figured launch agribusiness integration

The two combine to deliver a comprehensive accounting and production tracking system for the farming sector.

16 November 2022 • By Josh Needs

Tax

Higher tax or audit: the professional firm profits dilemma

Warn clients now about what PCG 2021/4 means for allocations, accountants told.

15 November 2022 • By Josh Needs

Business

One in four big businesses takes 120 days to pay up

“Appalling” figures show SMEs are kept waiting four months or more.

15 November 2022 • By Philip King

Super

Super balance cap would destabilise the system: TSA

Confidence is crucial for people when retirement planning, says the professional body, and would be unfair to those...

15 November 2022 • By Philip King

Tax

Budget increase plus CPI will push up lodgement penalties 35%

Fines for individuals could exceed $1,500 and for big business more than $750,000, says the Tax Institute.

15 November 2022 • By Josh Needs

Technology

BzTrack launches B2C invoicing software for SMEs

One Adelaide company has developed a single sign-on platform aimed at helping small businesses tackle billing...

14 November 2022 • By Keonia Swift

Business

Construction industry next under ESG microscope

The construction sector was found to be responsible for approximately 40 per cent of global energy-related carbon...

14 November 2022 • By Josh Needs

Business

Insolvencies enter ‘unchartered waters’ during holiday break

Small businesses are feeling the pinch with construction and retail in critical territory, Insolvency Australia says.

14 November 2022 • By Philip King

Appointments

Internal mobility ‘magic ingredient’ for staff retention: LinkedIn

Financial service employees offered a promotion or opportunity are much more likely to stay at the firm, survey finds.

14 November 2022 • By Keeli Cambourne

Regulation

ASIC disqualifies four directors over 11 failed companies owing $20m

Bans range from two to four years for improper behaviour including phoenix activity.

11 November 2022 • By Josh Needs

Tax

Offspring living with parents miss out on 67c WFH rate

Paying “board” is a private arrangement says the ATO and cannot be used to claim the revised 67c fixed work-from-home...

11 November 2022 • By Philip King

Business

COSBOA joins demand for changes to IR bill

Business groups large and small have united to push back on the provisions despite a raft of government amendments.

11 November 2022 • By Keeli Cambourne

Appointments

AASB and AUASB appoint additional members

Both boards expand to cope with the extra responsibilities of ESG reporting.

11 November 2022 • By Josh Needs

Technology

Construction management software integrates with QuickBooks

The incorporation of cloud accounting packages will enable the business to further its growth, says NextMinute CEO.

10 November 2022 • By Josh Needs

Tax

WFH 67c fixed rate ‘opaque and too demanding’

Tax professionals slam the ATO’s revisions for their increased record-keeping requirements and say the rate leaves...

10 November 2022 • By Philip King

Business

Work/life balance, skills shortages main practice challenges

Accountants need to embrace technology and empower existing staff to overcome current obstacles, survey finds.

10 November 2022 • By Josh Needs