Tax

Budget: ATO expected to reap $5.6bn from crackdown

Multinationals, the shadow economy, and individual taxpayers will be targeted thanks to an extra $1.5bn in funding.

27 October 2022 • By Philip King

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Business

CPI leaps to 7.3% on rises in cost of food, fuel and housing

UPDATED: Inflation increases well ahead of expectations following a 1.8 per cent rise during the September quarter.

26 October 2022 • By Philip King and Jon Bragg

Technology

Medibank breach could compromise up to 4 million

UPDATED: Investigations by the health insurer have revealed the cyber hack accessed vast amounts of personal and...

26 October 2022 • By Philip King

Business

It pays to find the right model for financial advice

Avoid missteps and adding another discipline to your practice can boost revenue, says consulting specialist.

26 October 2022 • By Malavika Santhebennur

Regulation

White Sky partner stood down over alleged $1.5m discrepancies

Music industry accounting firm says four to five artists could be affected by alleged misuse of client funds.

26 October 2022 • By Josh Needs

Tax

Budget: what it means for the tax profession

UPDATED: Accounting firms and organisations offer their verdicts on the first test of Labor’s economic credentials.

25 October 2022 • By Philip King

Business

Budget: all the key points you need to know

UPDATED: A rundown of the main measures that will impact accountants and small business.

25 October 2022 • By Josh Needs

Business

Accounting gets tiny share of 20,000 extra fee-free courses

Education and health get the lion’s share of additional places in scheme to tackle skills shortage.

25 October 2022 • By Josh Needs

Super

Budget ‘must address NALI rules, simplify super’

As cost of living pressures continue to rise along with inflation and interest rates, reform to superannuation is...

25 October 2022 • By Josh Needs

Regulation

CA ANZ pay vote ‘a chance to channel frustration’

Assess the 15.8 per cent rise against body’s own strategic goals, two high-profile members say.

25 October 2022 • By Philip King

Business

AICPA, CIMA to hold inaugural Asia-Pacific conference

The event will bring accounting and finance professionals together to discuss issues facing the industry.

25 October 2022 • By Josh Needs

Business

Sole traders cut back super, work longer hours

Rising costs and extra paperwork has hit work-life balance for independent earners, specialist accountancy says.

24 October 2022 • By Josh Needs

Business

Global ESG standards ‘a stretch target for ASX200’

Many companies need to improve their measurement of risks in hitting sustainability goals, says PwC.

24 October 2022 • By Josh Needs

Business

Christmas ‘crunch time for economy, inflation outlook’

It will take until next year — and further rate rises — until demand drops and inflation flattens out, says HLB Mann...

24 October 2022 • By Philip King

Tax

ATO to target individual taxpayers over $8bn shortfall

Work expenses, omitted income, and rental claims will come in for extra scrutiny to narrow the tax gap.

24 October 2022 • By Philip King

Tax

ATO relaxes lodgment deadlines for flood-hit zones

With four different states facing catastrophic flooding, the Tax Office has revived previous support schemes.

21 October 2022 • By Josh Needs

Super

Over half of SMSF directors yet to apply for director ID

Directors of corporate trustees for SMSFs will need an ID by 30 November.

21 October 2022 • By Miranda Brownlee

Tax

Small business debt and tax gap at top of ATO hit list

Second Commissioner says the sector is the biggest culprit and digitisation will be key to bringing it around.

21 October 2022 • By Philip King