Regulation

Former GetSwift directors hit with millions in fines

The Federal Court has handed down some of the largest penalties ever for corporate misconduct.

17 February 2023 • By Philip King

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Business

Unemployment climbs for second month, KPMG sheds staff

Slowdown in consulting work hits big four firm as jobless rate accelerates.

17 February 2023 • By Philip King, Josh Needs

Business

Mazars Australia double-digit growth feeds record global figure

The organisation achieved landmark revenue of €2.45 billion in an “eventful year”.

17 February 2023 • By Josh Needs

Business

Government must fund domestic violence leave for SMEs: COSBOA

The council also calls for the regulation of BNPL products, insurance reform and the restoration of instant asset...

17 February 2023 • By Josh Needs

Tax

ATO sticks to its guns in revised WFH deductions regime

The finalised guidance, released yesterday, introduces stricter record-keeping requirements and a fresh rate per hour.

16 February 2023 • By Philip King

Business

Construction companies account for 30% of insolvencies

Labour shortages, supply chain issues and weather all took their toll, BDO survey finds.

16 February 2023 • By Keeli Cambourne

Regulation

ASIC to target environmental frauds in wider agenda

After achieving $76.3 million in civil penalties in the second half of last year, the commission has expanded its...

16 February 2023 • By Josh Needs

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

Business

Trade receivables plunge to record low: CreditorWatch

The agency’s business index for January shows key data going in a negative direction.

16 February 2023 • By Philip King

Business

Most bosses plan to mandate more office days for staff

Businesses believe corporate culture, skills development and productivity all benefit from being in the building, says...

16 February 2023 • By Josh Needs

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