Regulation

Labor ‘has appetite for bold reform’ on advice rules

The industry is in transition, the Assistant Treasurer says, and must focus on the needs of Australians.

18 November 2022 • By Philip King

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Tax

Buyback law closes loophole ‘but franking credits here to stay’

Assistant Treasurer guarantees dividend imputation scheme but says off-market share buybacks exploit a loophole that...

17 November 2022 • By Philip King

Business

Bosses fret over skills, yet few staff feel properly trained

A huge disconnect exists between the perceptions of employers and employees about learning and how they approach it.

17 November 2022 • By Keonia Swift

Technology

Local tech sector has promising future, says RSM Australia

The technology industry can move past its immediate challenges to embrace post-pandemic opportunities, report finds.

17 November 2022 • By Josh Needs

Business

Accountants globally come together to face industry challenges

Two global conventions for tax professionals this week aim to influence its future.

17 November 2022 • By Josh Needs

Technology

Wise Platform launches expedited payment system with Deel

The feature will cut out 80 per cent of admin required for employers to finalise their payroll payments, the companies...

17 November 2022 • By Josh Needs

Tax

Crypto a ‘minefield’ of tax and regulation

Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned.

16 November 2022 • By Malavika Santhebennur

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

Business

Small business must be ruthless over payments: CreditorWatch

All signs point to a downturn, the agency says, and SMEs are in the front line.

16 November 2022 • By Philip King

Appointments

Xero appoints tech high-flyer as next CEO

Sukhinder Singh Cassidy takes over from retiring Steve Vamos in February.

16 November 2022 • By Josh Needs

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