Super

Australian equities retain grip on SMSF assets

The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.

16 February 2023 • By Miranda Brownlee

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Appointments

Stress, pay and robo-accountants top deterrents to profession: ACCA

Global talent survey highlights the main trends and challenges facing staff and employers.

15 February 2023 • By Philip King

Tax

ATO turns spotlight on holding companies set up to avoid tax

Involvement in such schemes could involve “serious penalties” for taxpayers and agents promoting them.

15 February 2023 • By Philip King

Business

Insolvency must accept overlap of small business, personal finance

Reform essential in the wake of the current review, says Bruce Billson of ASBFEO.

14 February 2023 • By Philip King

Business

$1,000-a-month average mortgage increase ‘too much for many’

One in eight missed a payment in the past six months and stress levels are rising, survey finds.

15 February 2023 • By Keeli Cambourne

Business

Consumer confidence plunges to recession levels

Family finances looks especially bleak for mortgage holders, the Westpac-Melbourne Institute February survey shows.

14 February 2023 • By Philip King

Regulation

TPB bans two tax agents for over $1.5m in unpaid debts

The board terminated their credentials and prohibited them from being re-registered for up to three years.

14 February 2023 • By Josh Needs

Regulation

Valentine’s Day a focus for $40m in fake romance scams: ACCC

With almost 3,700 reports of cold-hearted cons in 2022, the commission urges singles to watch out.

14 February 2023 • By Josh Needs

Appointments

BDO bolsters advisory and audit with two partner-level recruits

A former KPMG US director plus a former Grant Thornton director bring extensive experience to the firm.

15 February 2023 • By Josh Needs

Business

Personal insolvencies to spike in face of rising rates, CPI

Confronted with “significant financial stress”, more individuals will find themselves in bankruptcy says AFSA.

13 February 2023 • By Philip King

Business

Wield carrot and stick on payment times: ASBFEO

The reporting regime has failed to alter performance so there needs to be an easy way to monitor good and bad behaviour.

13 February 2023 • By Philip King

Regulation

Final QAR report ‘fails to address’ limited AFSL issue

The advice landscape will look little different if the recommendations are adopted, critics say.

13 February 2023 • By Miranda Brownlee

Regulation

RBA revises up inflation number in February forecast

Inflation will now not fall into its target range until 2025, according to the RBA’s monetary policy statement.

10 February 2023 • By Josh Needs

Regulation

FWO acts against Melbourne Uni over alleged $150,000 underpayment

The Ombudsman claims the university paid staff using benchmarks instead of actual hours worked.

10 February 2023 • By Josh Needs

Super

SuperConcepts reveals key initiatives for 2023

The SMSF services provider will add a range of features to its SuperMate software this year, including property...

10 February 2023 • By Miranda Brownlee

Regulation

Unregistered tax agent gets 10 days in jail, $80,000 fine

The Federal Court has found him guilty of contravening the Tax Agent Services Act 2009 and contempt of court.

10 February 2023 • By Josh Needs

Technology

$1bn blow-out prompts review of MBR program

The Modernising Business Register project has been plagued by cost overruns, delays and failures, such as the director...

09 February 2023 • By Philip King

Tax

ATO turns up the heat on holiday home deductions

Accountants must ask all the right questions about what clients really do with their summer houses.

10 February 2023 • By Josh Needs