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  1. FWO forces big business to hand back $500m in unpaid wages

    and promote compliance through education. The FWO forced big business to hand back more than $500 million in unpaid wages last year by putting corporations and universities at the top of its hit list. Over a quarter of a million workers received back...

  2. Government contracts ‘in crowd’ keeps small business in dark

    failed. Mr Billson said ASBFEO is conducting an inquiry into the impact of changes to the procurement process introduced last July. “Since beginning the inquiry in March, many small businesses have told us they feel shut out of the process or they...

  3. RBA weighs uncertainty in rate decision

    are working. The RBA has left interest rates on hold at 4.1 per cent to assess the impact of its string of rises since May last year but said uncertainty remained and “further tightening of monetary policy may be required”. “The higher interest rates...

  4. Accountants ‘ill prepared’ for tighter client ID regime

    an add-on to its payment system Collect for about 12 months following recommendations about AML compliance made by the TPB last year. FeeSynergy managing director Malcolm Ebb said many of its 500 accounting clients, which takes in mid-tier firms across...

  5. Falling inflation, retail trades point to August rate pause

    ease later in the year. “Forward looking job vacancy data suggests there are far fewer jobs available now that this time last year, however, still more jobs than were available pre-COVID,” she said. AMP chief economist Shane Oliver said the RBA decision...

  6. Dmca advisory acquires Willoughbys Financial as founders plan for retirement

    its leadership team with Alison Stanbridge, Ricardo Neves and Mark Gellert stepping up to associate director roles in July last year, and it will offer an employee share scheme. Ms Tonkin said the team would increase further this year but the firm is...

  7. ATO to triple credit referrals in ‘stronger actions’ on debt

    a better tax result from small business were named as two of the top priorities in the ATO’s 2023-24 corporate plan released last week. Presenting the corporate plan to staff, Commissioner Chris Jordan said it was “the final chapter of our Towards 2024...

  8. Financial hardship levels above average, survey reveals

    most common type of payment missed was an electricity, gas or water bill (12 per cent up from 8 per cent at the same time last year), followed by a phone or internet bill (11 per cent up from 8 per cent in Q2 2022), a repayment on loans from family or...

  9. Jordan to exit ATO in February after 10 years at helm

    an address to staff yesterday during a presentation of the 2023-24 corporate plan. He confirmed his second term would be his last and gave himself a distinguished pass mark for his achievements in the role. “As you know, my current term as Commissioner...

  10. Bullying, racism, sexual harassment and overwork ‘endemic’ at EY

    Review of workplace culture makes more than two dozen recommendations for change in the wake of tragic death last year. Bullying, sexual harassment, racism and overwork emerge as key issues in a report on workplace culture at EY in the wake of the...

  11. Taylor David taps senior ASIC lawyer for associate role

    to the edge.” “There’s quite a few more proactive clients that are coming to us…we’ve grown fairly significantly in the last financial year, and we will be looking at increasing our resource base to cope with the demand in this second part of the year,”...

  12. Small business resilient as sales growth slows: Xero

    from hundreds of thousands of small businesses, averaged 120 points during the period – an increase of 8 points over the last three months of 2022. “We know itʼs been a difficult start to the year for many Australian small businesses, but itʼs promising...

  13. TPB forces 1,300 PwC staff back to ethics school

    and tax confidential consultations. PwC has sent more than 1,300 tax staff back to ethics school to comply with a TPB order last November after the sharing of confidential Treasury plans by former international tax boss Peter Collins. The TPB also...

  14. ‘Aggressive’ ATO puts directors in front line for tax debts

    notices are now its first resort, according to Tax Assure. The number of companies in tax debt distress has tripled since last year and the ATO has changed tack to go straight after directors, according to Melbourne-based consultant Tax Assure. Tax...

  15. Alleged money mule laundered $176k from fraudulent emails

    (BEC) fraud and other cyber crime. The charges came after the AFP was alerted to unusual financial transactions by a bank last August and began Operation Dolos-EMMA8. The investigation allegedly identified that from June 2021 to May 2022 the man...

  16. Government establishes e-invoicing hub to encourage take-up

    owners.” Australian Small Business and Family Enterprise Ombudsman Bruce Billson also advocated for the technology during last year’s e-invoicing week. “It is a great way to enable faster payment, it cuts the administrative burden and is more secure...

  17. How winning awards bring more than sheen to a career

    who specialises in transfer pricing after working in New York and New Jersey for her previous employer. She joined Mazars last June and said continuous learning is an integral part of her career approach. “I really have a love of learning and wanting to...

  18. 5 tips to handle interruptions during a busy tax time

    case scenario: you’ll find yourself finishing your tasks earlier than expected, with additional time to accommodate that last-minute tax filing request from a friend or even taking a short power nap. 2. Establish proper expectations While it may seem...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Tax

  19. Experienced financial planner joins Slipstream coaching team

    to fix that situation. But I am absolutely thrilled that one of the women who have been a leader in this industry for the last 30 years still wants to give back.” Ms Forbes said she was excited at the prospect of joining Slipstream’s team of seven...

  20. ASIC crackdown claims 8 more SMSF auditors

    their audit files and tools, and notifying their professional association of the conditions. The actions by ASIC, over the last quarter of FY2022-23, add to the 413 cancellations of SMSF auditors as part of a crackdown on compliance in the sector. “In...

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