Regulation

Liquidator charged for allegedly withdrawing over $150,000

The members’ voluntary liquidator was reported to ASIC by his replacement.

18 October 2022 • By Josh Needs

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Regulation

Two tax agents banned after falsifying SMSF auditor numbers

Agents found to have acted dishonestly with false statements concerning dozens of SMSFs.

17 October 2022 • By Miranda Brownlee

Regulation

Productivity Commission warns against multi-employer bargaining

It comes as the Treasurer expects an increase in wage growth as part of his upcoming budget forecast.

17 October 2022 • By Josh Needs

Technology

Protect against credit card fraud or pay the price, retailers told

“Chargeback fraud” leaves merchants on the hook for whatever gets stolen, says security specialist.

17 October 2022 • By Josh Needs

Super

SuperStream issues mean ATO should tread softly: SMSF industry

With the office likely to be “bombarded” with breaches, the SMSF industry hopes it will take an “educative approach”.

17 October 2022 • By Miranda Brownlee

Tax

Top 1,000 taxpayers paid more than $44bn: ATO

One-fifth of corporate income tax and about one-third of GST comes from our largest entities.

17 October 2022 • By Keeli Cambourne

Technology

Lean on specialists for tech and learn to say ‘No!’

Let accountants get on with what they do best and your practice will thrive, Damien Greathead of Intuit says.

17 October 2022 • By Philip King

Technology

Preparation and speedy response key to cyber protection, experts say

Specialists agree each breach is unique, but every business should prepare an emergency plan.

14 October 2022 • By Josh Needs

Regulation

Get advice before it’s too late, CA ANZ warns NSW first home buyers

An annual tax instead of stamp duty might fail to leave consumers better off, the professional body cautions.

14 October 2022 • By Josh Needs

Business

Most CEOs expect recession, plan hiring freeze: KPMG

The firm’s annual global survey paints a gloomy prospect for the next 12 months.

14 October 2022 • By Philip King

Regulation

Tassie food outlets forced to back pay workers $120,000

FWO raids found almost 150 workers being underpaid by 24 cafes and restaurants across Launceston.

14 October 2022 • By Josh Needs

Regulation

Accountants first line of scam defence, says TPB

Board urges agents to raise client awareness of increasing cyber fraud.

13 October 2022 • By Josh Needs

Tax

Revenue ‘too reliant on income tax, with or without stage 3 cuts’

Even with the controversial reductions, taxes on individuals will soon reach record levels and Australia needs to...

13 October 2022 • By Philip King

Super

Pay super with wages to end billions in shortfall: ISA

Industry Super Australia says the upcoming budget should mandate the change to end the “unpaid super scourge”.

13 October 2022 • By Philip King

Regulation

ASIC outlines key strategies for crypto regulation

The Commissioner also reiterated its stance on cyber attacks and companies that fail to protect personal data.

13 October 2022 • By Josh Needs

Regulation

Widespread use of crypto increases risk of disruption, says RBA

In its latest Financial Stability Review, the central bank says digital currencies have similar hazards to other...

12 October 2022 • By Malavika Santhebennur

Appointments

EY Oceania acquires technology services business

The move comes as the firm is “experiencing unprecedented growth” and demand from clients of its technology services,...

12 October 2022 • By Josh Needs

Tax

Tax chief refuses to rule out third term

Despite signalling he would leave in 18 months, Chris Jordan could see his digitisation project through to the end of...

12 October 2022 • By David Walker