Tax

Revised work-from-home regime ‘bad news for taxpayers’

Fixed rate of 67c an hour will typically leave people out of pocket compared with previous methods, says H&R Block.

03 November 2022 • By Philip King

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Tax

ATO releases revised WFH expense claims guidance

UPDATED: The shortcut method adopted during the pandemic ended on June 30 and PCG 2022/D4 changes the game.

02 November 2022 • By Philip King

Regulation

Brisbane food shops forced to back pay workers over $400k

FWO finds 58 Brisbane outlets in breach of workplace laws during the latest raids in its national crackdown.

03 November 2022 • By Josh Needs

Business

IR reforms will end up closing small business, says advocate

The concerns of female owners in particular have gone unheard, she says, and pay claims could backfire.

03 November 2022 • By Keeli Cambourne

Business

Port Augusta community care service wins $30,000 PwC award

This year’s MURRA Boost Initiative recipient was unaware of the scheme until it won.

02 November 2022 • By Josh Needs

Regulation

DPP drops charges against WA accountant accused of stealing $725k

Perth bookkeeper faced 13 counts of theft against a mining company but the case has been discontinued.

02 November 2022 • By Keonia Swift

Business

RBA announces rate decision for November

The Reserve Bank has handed down its latest interest rate decision following mixed predictions from economists and...

01 November 2022 • By Josh Needs

Regulation

CA ANZ members decisively reject pay rise for directors

UPDATED: Last week’s AGM voted down a proposal to increase the remuneration pool by almost 16 per cent.

01 November 2022 • By Philip King

Business

Recruits lured by higher pay than loyal staff, says survey

Nine out 10 business leaders are upsetting existing workers by using premium salaries to attract newcomers.

01 November 2022 • By Josh Needs

Tax

ATO collectable debt balloons to $45bn, small business on hit list

The tax office annual report says pandemic measures are responsible for a huge increase in non-disputed debt.

01 November 2022 • By Philip King

Regulation

ASIC finds rise in audit issues focused on revenue, assets

Deloitte fared worst in the commission’s 2021–22 report while EY came out at the top — again.

01 November 2022 • By Josh Needs

Tax

Budget: Share buy-back change ‘needs scrutiny’

One of the few surprises last week will have to be examined for unintended consequences once the details are released,...

01 November 2022 • By Philip King

Super

Property still a big SMSF advice issue, says AFCA

One-stop shops encouraging SMSF property investment and borrowing still continue to account for a sizeable portion of...

31 October 2022 • By Josh Needs

Business

Budget: swings and roundabouts for families, small business

Treasurer offered cash for childcare and housing, but the main concern was to avoid stoking inflation, says Gavan Ord...

31 October 2022 • By Philip King

Business

Construction industry could collapse ‘like a house of cards’

A single insolvency could trigger a wave of bankruptcies and builders need to know how to protect themselves, says...

28 October 2022 • By Philip King

Regulation

ASIC disqualifies director for three failed companies owing $6.6m

Victorian man found to have lodged false documents to avoid personal liability for debt.

31 October 2022 • By Josh Needs

Business

Rushed changes to workplace relations risk ‘conflict’

Small and large business organisations recoil at the government’s industrial relations bill.

31 October 2022 • By Josh Needs

Business

Aussie fintechs attract biggest buy-out deals

Local success stories account for some of the top acquisitions in the region and the world’s largest.

28 October 2022 • By Josh Needs