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IPA raises transparency concerns with government grants for business
A large majority of business grants are awarded through non-competitive processes, contrary to government guidelines, new research reveals.
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Tax debt linked to family violence, research finds
Almost 60 per cent of women who received help at UNSW’s pro bono clinic said they experienced abuse.
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ATO, bank debt crusade triggers 133% jump in court wind-ups
Business insolvencies surge as debtors end their COVID-19 era leniency.
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Inflation erodes employee confidence, but bosses upbeat
Confidence about the economy soars among employers while workers struggle with cost-of-living pressures, survey finds.
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Apple Pay outpaces Afterpay in digital payments race
High awareness of buy-now-pay-later services fails to translate into user growth.
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CA ANZ triples member ethics training, mandates annual pledge
The professional body has outlined 14 actions and recommendations for members, firms and the government to rebuild public trust in the accounting profession.
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Experts sound alarm over ‘flawed’ ATO royalty ruling
A controversial draft ruling on software royalties meddles with 30 years of precedent and should be left for the government to decide, they say.
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Small businesses may ‘collapse under strain of payday super’, IPA warns
Existing issues within the SG system must be rectified before the government proceeds with the new changes, the IPA says.
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ASIC takes action against 9 SMSF auditors
The regulator disqualifies five, cancels two and imposes conditions on two more in a crackdown on standards.
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Economists confident of rate cuts despite hawkish RBA
The central bank refuses to rule out hikes to combat inflation, but commentators believe all indicators point to relief as early as mid-year.
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1 in 4 finance execs lack confidence in company data
Too much manual processing leaves businesses without the ability to monitor cash flow and vulnerable to external threats, survey finds.
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Moore snags audit director from Deloitte
The firm is eyeing ex-big four accountants to support the division’s “remarkable” growth trajectory, according to CEO Steven Sakkas.
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RBA leaves rates unchanged at 4.35%
The bank extends its pause on monetary tightening for another month but refuses to rule out a further hike to stamp out stubborn inflation.
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Unlicensed director faces 9 charges for steering SMSFs into own company
The Queensland man encouraged investors to set up an SMSF then channel funds into crypto assets in his business.
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Conflict ‘inherent’ for firms with public, private clients: Scyne
The PwC spin-off tells a parliamentary committee its mission is “purpose over profit” compared to other big four firms, which have failed to divest their government w...
ATO to sool debt collector on 150,000 taxpayers
Recoveriescorp has been engaged by the Tax Office in its first use of a collection agency since the pandemic.
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QuickBooks aims Online Advanced at mid-market
The AI-enhanced upgrade targets businesses with more than five employees that require additional functionality such as task automation.
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Staff ready to help with client linking issues: ATO
The Tax Office defends the revised system after a chorus of complaints from agents and bookkeepers.
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One-stop audit and advisory a risk to integrity, says tax lobby
Accounting firms should be prohibited from providing both advisory and audit services to the same entity, the government has been advised.
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ATO closes $105m Plutus payroll case with final fraudster jailed
Sutherland man who pleaded guilty to dealing with the proceeds of crime gets four-and-a-half years.
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