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

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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

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

Appointments

HLB Mann Judd promotes six

Appointments include one partner and five directors.

01 July 2022 • By Josh Needs

Business

New Broker Academy 2022 to help kick-start your broking career

Registrations have opened for the New Broker Academy, a free event set to help accountants who want to switch to a...

30 June 2022 • By Malavika Santhebennur

Business

Staff poachers ‘should pay transfer fees’

Big companies are raiding smaller firms and enticing workers away with massive promises, says Platinum Accounting...

30 June 2022 • By Josh Needs

Regulation

Banned directors leave nine failed companies and $16m debt

ASIC disqualifies three unrelated directors in construction and hospitality for up to five years.

30 June 2022 • By Philip King

Tax

ATO begins chasing taxpayers with overdue payments and returns

Tax practitioners warned that “strongly worded” letters are on the way to non-complying clients.

30 June 2022 • By Philip King

Appointments

Large firms promote record numbers

KPMG, PwC and BDO appoint hundreds of partners

30 June 2022 • By Josh Needs

Appointments

Accountants value WFH flexibility above pay

When looking to change employer, choice of workplace counts more than money, report finds.

29 June 2022 • By Josh Needs

Regulation

FWO seeks penalties for bookkeeper ‘owed thousands in backpay’

Court action against two Queensland companies could result in large fines.

29 June 2022 • By Philip King

Appointments

Grant Thornton appoints 12 new partners, one principal

The promotions reflect the strength of the company, it says.

29 June 2022 • By Josh Needs

Tax

If you asset wash you’ll wear it, warns ATO

The office says creating artificial losses through last-minute crypto and share sales will show up in its data analysis.

29 June 2022 • By Philip King

Tax

Car allowance increase ‘welcome news’

Professional accounting bodies have backed an increase to the cents-per-kilometre deduction rate for car expenses...

28 June 2022 • By Emma Musgrave

Business

ATO accelerates STP phase 2 efforts

The Tax Office is encouraging more businesses to make the switch to single touch payroll phase 2.

28 June 2022 • By Emma Musgrave

Business

ASIC circles adviser over alleged falsification of company books

The corporate regulator has charged an Adelaide financial adviser with seven counts of falsifying company books.

28 June 2022 • By Emma Musgrave

Tax

ATO flags early release concerns with lapsed lodgers

New ATO data indicates that there are currently over 138,000 lapsed lodgers with one or more outstanding SMSF returns.

28 June 2022 • By Emma Musgrave

Tax

Profit-splitting professionals ‘in the dark’ over revised tests

Stricter compliance guidelines applying from July could catch out many firms.

27 June 2022 • By Philip King