Regulation

ASIC disqualifies two directors

Both were involved in the failure of multiple companies and owed more than $20 million combined.

08 June 2022 • By Josh Needs

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Business

RBA responding to out-of-date number, says CPA Australia

It said Australia must move to monthly CPI data because the effect of last month’s rate increase was unknown.

08 June 2022 • By Philip King

Business

RBA hikes rates by 50 basis points to 0.85%

The RBA responds to "higher than expected" inflation with a larger than anticipated rise to take interest rates to...

07 June 2022 • By Philip King

Business

Stressed small businesses still contending with pandemic hangover

Despite the positive economic picture painted by government, many owners are struggling, says CA ANZ.

08 June 2022 • By Josh Needs

Tax

Make sure you’re registered, TPB tells agents

An ad campaign warns the public against unscrupulous operators and urges legitimate practices to display its logo.

07 June 2022 • By Josh Needs

Business

Labor must act urgently on worker shortages: COSBOA

The peak body for small businesses is urging the government to address the talent drought by increasing migration and...

07 June 2022 • By Keeli Cambourne

Regulation

FWO acts against Sydney businesses for staff pay shortfalls

Five workers were allegedly underpaid and the company owners face thousands in fines.

07 June 2022 • By Josh Needs

Tax

ATO promises 12-day turnaround on error-free returns

But common mistakes will lead to longer processing times, it says.

06 June 2022 • By Josh Needs

Regulation

Small caps ‘on crash course’ with ESG standards

Mandatory climate reporting will catch out many companies, says corporate governance specialist.

06 June 2022 • By Philip King

Tax

Tax time try-ons won’t wash with ATO, says CA ANZ

Members better be on the lookout when it comes to some of the dodgier client claims.

06 June 2022 • By Philip King

Technology

Accountants Direct signs up Annature

The partnership will streamline e-signing for corporate and personal tax returns.

06 June 2022 • By Josh Needs

Business

Help SMEs ‘trapped’ in bad loans, accountants told

Tax professionals are well placed to help businesses caught in unsuitable financial arrangements.

03 June 2022 • By Malavika Santhebennur

Business

Land developer faces financial reporting charges

ASIC alleges failure to lodge annual reports for five years and an inadequate number of directors.

03 June 2022 • By Philip King

Tax

Use data prefills or raise a red flag, ATO warns

Failing to wait for a prefill or altering form data risks putting clients under scrutiny.

03 June 2022 • By Josh Needs

Business

Come clean on risks in annual reports, ASIC warns

The regulator says fuel prices, global politics and COVID must be factored into asset values and performance forecasts.

03 June 2022 • By Philip King

Technology

BGL adds trust tax electronic lodgement to Simple Invest 360

Company claims a first for the feature, which complements a component released early this year.

03 June 2022 • By Josh Needs

Tax

Play by the rules for June returns

For everyone from the top end of town to working holiday-makers, this tax year involves plenty of changes.

02 June 2022 • By Philip King

Regulation

FWO takes legal action over staff underpayments

Two businessmen face court accused of short-changing employees.

02 June 2022 • By Josh Needs