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ATO
Tax

Former ATO staffer charged for accepting $150k bribe

A taxpayer allegedly paid the Tax Office employee to reduce $6 million in personal and business debts.
07 July 2022 • By Josh Needs

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Kylee Smith and Jennifer Veitch
Appointments

Pilot Partners promotes two associate directors

The company now has another partner in each of its taxation team and forensic teams.
07 July 2022 • By Josh Needs
Philip Lowe
Business

RBA rate raises ‘will need to keep going’

Further increases are highly likely, says CreditorWatch economist.
06 July 2022 • By Josh Needs
ATO
Tax

How to change loss carry back choice

The ATO has outlined how to make alterations to the relevant year.
06 July 2022 • By Josh Needs
Tony Greco
Business

Collaterally damaged businesses ‘need safe harbour spot’

Tax provisions for businesses hit by natural disasters should be extended, says IPA.
06 July 2022 • By Philip King
RBA
Business

RBA raises rates by 50 bps to 1.35%

The RBA has once again risen rates in an effort to slow inflation.
05 July 2022 • By Josh Needs
Christina Manfre and Kym Reilly
Appointments

PKF names a raft of partners

Five advance ahead of company-wide promotions next month.
06 July 2022 • By Philip King
Paul Munt
Business

Non-bank lending primed to come of age

As the credit market tightens for small business, agile alternatives can outflank tick-a-box banks, says one lender.
05 July 2022 • By Philip King
ATO
Tax

ATO awards itself green ticks for performance

Self-imposed targets suggest an overall pass mark, although on some metrics it has gone backwards.
05 July 2022 • By Philip King
Kim Clarke
Business

MYOB buys GT Business Solutions

Sydney-based specialist bolsters MYOB’s enterprise resource planning operations.
05 July 2022 • By Philip King
Appointments

KordaMentha, SW appoint additional partners

Promotions demonstrate confidence in the potential for growth, they say.
05 July 2022 • By Josh Needs
Technology

APS adds myprosperity portal

Practice management software links with personal wealth platform.
04 July 2022 • By Philip King
Regulation

ASIC gives liquidator reprimand rather than ban

Conduct had the potential to undermine confidence, regulator said.
04 July 2022 • By Josh Needs
ATO
Tax

Jump-the-gun tax returns ‘at high risk of adjustment’

The ATO says failing to wait for prefill data doubles the chance of changes later.
01 July 2022 • By Philip King
Appointments

Pitcher Partners promotes seven partners and one executive director

The appointments reward talent and create opportunities for growth, says chairman.
04 July 2022 • By Josh Needs
Business

‘Light touch’ needed for online client linking system

Issues with the roll-out of director IDs suggest there will be challenges for the upgraded process, says CPA Australia.
04 July 2022 • By Philip King
Joseph Lyons
Business

Wage growth slows despite talent drought

Xero research reveals sales are up but salaries are slowing in face of labour shortages.
01 July 2022 • By Josh Needs
Ian Klug
Regulation

Tax agent banned for five years after ‘serious breaches’

The TPB says the Queensland practitioner misled clients and failed in her own compliance.
01 July 2022 • By Philip King