Business

Last one out for Christmas please arm the alarm!

Ensure physical files are locked away and log out of all devices before heading on holiday, say the ATO and CPA...

19 December 2022 • By Josh Needs

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Regulation

Extended ID deadline looms for 600k directors

Applications peaked in November, ATO says, and 50,000 preferred paper form.

08 December 2022 • By Philip King

Business

ASIC disqualifies director over four failed companies, debts of $8m

Victorian given a maximum ban after lodging false documents in attempt to avoid liability.

08 December 2022 • By Josh Needs

Business

Accounting, finance professionals the next CEOs: CPA Australia

Problem-solving skills will be in high demand while employees will swap the career ladder for a job lattice.

08 December 2022 • By Josh Needs

Business

RBA tightens reins on runaway Christmas spending

With retailers expecting sales to increase by $2 billion this year, the rate increase aims to prevent a splurge.

07 December 2022 • By Josh Needs

Business

Adding a service ‘multiplies the value of a practice’

Firms with other specialist services, such as insurance or financial planning, have a raft of advantages if they get...

07 December 2022 • By Philip King

Business

RBA announces last rate decision for the year

The Reserve Bank has revealed its cash rate decision for December with inflation still yet to peak according to...

06 December 2022 • By Josh Needs

Technology

Aussie firm aims accounting software at fast growing SMEs

Cibis says its latest accounting software, Xpect, will be a feasible option for businesses that cannot justify a...

08 December 2022 • By Josh Needs

Regulation

Anti-money laundering operation blocks $1.8m, arrests 21 mules

An AFP taskforce tackles attempts to clean up the proceeds of crime as part of global campaign.

07 December 2022 • By Philip King

Business

Beware of fake puppies and other holiday scams

Fraudsters are hard at work trying to con you over Christmas, says the Assistant Treasurer.

07 December 2022 • By Josh Needs

Business

Mining company sues Grant Thornton for $58m

Quantum Graphite says the accounting firm was responsible for a 14-month trading halt on its securities.

06 December 2022 • By Josh Needs

Tax

ATO targets dodgy deductions for holiday homes

Thousands of dollars in claims “that would fail the pub test” contribute to $1.6bn tax shortfall, assistant...

06 December 2022 • By Philip King

Regulation

Perth cafe issued with more than $190k in penalties

The Fair Work Ombudsman found the operators deliberately falsified wage records.

06 December 2022 • By Josh Needs

Appointments

RSM Australia promotes 9 new principals

The firm says human capital is at a premium and will remain an “ongoing challenge”.

06 December 2022 • By Josh Needs

Technology

Sydney Uni revamps accounting program to include AI

‘Gradual decline’ in enrolment prompts rethink of course components.

05 December 2022 • By Keonia Swift

Business

Beware of buy now pay later Christmas debt trap: CA ANZ

With the payment model increasing in popularity, the association warns debt will catch up with many in the new year.

05 December 2022 • By Josh Needs

Regulation

ASIC reveals focus areas for end-of-calendar-year reporting

Asset values, provisions, and disclosures are areas singled out for particular attention.

05 December 2022 • By Josh Needs

Technology

Ignition feature enables on-the-fly changes to scope of work

Adjusting agreements to reflect increased service levels could save the average practice more than $100,000 a year.

05 December 2022 • By Josh Needs