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News
ATO debt levels ‘much higher’ than pre-pandemic
Many troubled SMEs were too optimistic about economic recovery and now need formal repayment plans, says specialist.
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Small businesses ‘forgotten’ in domestic violence leave scheme
To ensure the system benefits everyone it should be run and funded by the government, says COSBOA.
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Funding platform gears up for next stage of growth
Swoop is rolling out its funding platform across the country as it targets 450 per cent global revenue growth and pursues expansion into new territories including Melbour...
Insolvencies and court action leap in July: CreditorWatch
The bureau says business wind-ups are on the rise, driven by ATO debt collection.
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BDO hires former PwC director as partner
The experienced addition will help build an “incredibly strong project and infrastructure team” the firm says.
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Court upholds TPB decision to ban tax agent
A history of non-compliance included failure to lodge four income tax returns and 102 business activity statements.
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120 DPNs a day drive insolvencies back to pre-pandemic level
The ATO’s ramp-up of debt collection activity on small businesses shows up in the figures for July.
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KPMG grows revenue 16% to hit $2.3bn
The result was led by its management consulting and audit, assurance and risk consulting businesses.
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Disclose contractor payments by 28 August, ATO warns
Small businesses told under-reporting will be exposed by powerful data matching.
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Visa delays stall attempts to recruit overseas
A positive outcome on skilled migration is essential to stop firms from “cannibalising each other”, says CA ANZ.
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Super ahead of banking, insurance on climate risk
APRA survey finds the superannuation industry further advanced on four key measures.
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ASIC prosecutes 10 companies, 73 individuals
More than $500,000 in fines have been imposed on those failing to meet personal and corporate obligations.
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EY revenue grows 18 per cent, delivers $70m in bonuses
Led by its consulting and strategy divisions, EY rebounds despite lingering COVID concerns.
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Age for downsizer super scheme to drop to 55
Tax amendments widen eligibility for the one-off bump to retirement savings.
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Tax Institute appoints independent chair
Financial services industry expert will help guide strategic governance of the body.
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Buy now, pay later needs greater regulation, says CPA
Consumers using the platforms lack protection from laws on borrowing.
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IPA calls for ASIC’s powers to be stripped
The IPA wants the Quality of Advice Review to make bold moves towards meaningful reform.
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Little point changing lodgement date, says CPA
The ATO remains in limbo on vital pre-fill data despite giving the green light to returns.
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‘Made in Australia’ the route to growth: CreditorWatch
A revival of local manufacturing, focusing on key sectors with advantage, offers a huge opportunity, says report.
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PwC Australia refreshes assurance leadership team
Firm promotes three partners to head up assurance, audit and risk.
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