Regulation

Two banned directors leave trail of 21 failed companies, $38m debt

ASIC acts against unrelated Sydney directors for improper behaviour and mismanagement over more than a decade.

08 September 2022 • By Philip King

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Business

A quarter of advisers plan to exit industry

One in four advisers expect to leave the industry within the next five years as the cost of providing advice continues...

07 September 2022 • By Josh Needs

Business

State subsidy scheme shows small business ‘desperate for advice’

Huge demand for $2,000 vouchers meant the program ran of funds out within hours, says CPA Australia.

07 September 2022 • By Philip King

Business

RBA raises interest rates for fifth month in a row

Another increase by 50 basis points takes the rate to 2.35 per cent.

07 September 2022 • By Josh Needs

Regulation

Federal Court dismisses tax agent’s appeal against ban

Tasmanian practitioner who falsified documents and lied under oath was deregistered by the TPB.

06 September 2022 • By Philip King

Regulation

Qld small builders face steep rise in compliance costs

State regulations that require reports when financial circumstances change must now meet tighter accounting standards.

06 September 2022 • By Philip King

Business

BDO Australia cracks $400m revenue in record result

“Milestone” figure puts the firm in the front rank of mid-tiers, says chief executive.

07 September 2022 • By Josh Needs

Appointments

Grant Thornton appoints former Deloitte director

The additional partner will take over as the lead of the firm’s national stamp duty and land tax practice.

07 September 2022 • By Josh Needs

Business

RBA announces fifth interest rate rise

The Reserve Bank has announced another interest rate rise this month in an attempt to combat inflation.

06 September 2022 • By Josh Needs

Appointments

‘Devil in the detail’ of extra skilled migrant scheme

It’s unclear how far expansion of the scheme will solve the talent shortage in accounting, says CPA Australia.

06 September 2022 • By Philip King

Business

NSW and building industry lead nation into insolvency

The latest data shows wind-ups on the way back to pre-pandemic levels.

05 September 2022 • By Philip King

Appointments

WAIS recruits fifth registered liquidator in Cliff Rocke

The Western Australian insolvency outfit strengthens its team with wind-up and restructuring specialist.

06 September 2022 • By Philip King

Business

‘Shout from the hilltops how hard you work’, award winner tells women

A mortgage broker has urged women to enter the Women in Finance Awards to gain recognition, attract new business, and...

05 September 2022 • By Malavika Santhebennur

Appointments

‘Make accounting sexy!’ to solve skill drought

Attracting more students to the profession is key to solving the number one issue for business, says Nexia partner.

05 September 2022 • By Josh Needs

Regulation

Raised migration cap, smoother visas two wins for accounting

Representatives from the profession at the Jobs Summit emerged cautiously optimistic.

02 September 2022 • By Philip King

Regulation

Restaurant owner sentenced to five years’ jail for GST fraud

The South Australian man was found guilty of obtaining over $600,000 in refunds.

05 September 2022 • By Josh Needs

Regulation

Disability services provider forced to back-pay over $3m

The business was found to have short-changed almost 400 employees over six years.

05 September 2022 • By Josh Needs

Regulation

Grant Thornton charged with audit failure of iSignthis

The accounting firm faces five charges under the Corporations Act and more than $250,000 in fines.

01 September 2022 • By Josh Needs