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  1. WA takes GP payroll tax off the table

    RACGP WA chair Dr Ramya Raman said the body had raised concerns with the state government after a key legal ruling in NSW last year classified GPs as employees, leaving hundreds of medical centres across Australia facing the prospect of large payroll...

  2. CPA Australia CEO quits to pursue career in Europe

    during the “difficult period of restoring member pride in the CPA designation and trust in the organisation”. It said last year’s annual survey showed member satisfaction at 7.08, its highest point since it was first measured in 2014. It also praised...

  3. Big 4 operate ‘beyond the law’ as ‘pseudo corporations’

    are allowed due process.” CA ANZ said its professional conduct review, begun in the wake of the KPMG exam cheating scandal last year, would offer the chance to “extend our disciplinary framework” to ensure “that ethics and integrity remain the...

  4. Change of RBA governor a cause for optimism

    “Ms Bullock has a strong track record of consulting closely across the economy including with business. She spoke last month to Ai Group members and business leaders in Newcastle and we look forward to continuing to work with her.” The Australian...

  5. Plethora of streaming services confront subscription fatigue

    services were closing the gap on subscriptions and now accounted for one-third of streaming, up 8 percentage points on last year. The survey also revealed a decrease in willingness-to-pay per subscription and a decline in the average number of...

  6. Businesses must be aware of employee share scheme obligations

    and retain staff during the skills shortage, with the director at DMCA Advisory, Tania Tonkin, telling Accountants Daily last year that businesses should look at the method. “Having a scheme for employee buy-in makes for a more equitable environment –...

  7. ‘I came here thinking success would come quickly’

    her lack of English was a barrier to getting almost any job and the $15,000 in her bank account, which she thought would last a year, ran out in three months. “I did have a degree in Russia and not only a degree, I also had a very successful career,”...

  8. PwC to reveal timeline of activities in response to breach 

    outlined in public statements, our detailed investigations into the Tax Practitioners Board matter occurred over the last eight weeks,” said PwC. “We have publicly apologised and regret that we did not do more sooner.” “We will provide a detailed...

  9. C-suites must refocus on security as cyber threats rise: BDO

    in the digital world. We have traditional threats, like ransomware attacks, that will likely persist as evidenced by the last seven years of survey data, accompanied by an increase in crypto-mining malware and phishing,” said Mr Fouche. “On top of that...

  10. Why tax time turns accountants into cyber targets

    that, on average, there is one cyber attack in Australia every seven minutes and attacks are up by 13 per cent compared with last year. In my experience, accounting practices are prime targets for cyber attacks because they hold vast amounts of...

  11. William Buck promotes record number of directors, changes board

    members, with whom he’s trusted and considered a ‘go to’ for guidance and support.” Of the 26 new directors appointed in the last 12 months, six were lateral hires while 20 were promotions. Director promotions effective 1 July: Alex Zinzopoulos – tax...

  12. Observers welcome RBA pause with economy at 'tipping point'

    a surprise monetary policy decision in pausing the cash rate at 4.10 per cent after the four per cent increase since May last year, rather than another raise that was expected. In his monetary policy statement, Philip Lowe said the uncertainty...

  13. Avoid copying last year’s return, warns ATO

    Those with work expenses included in their deductions have been cautioned against copying last year’s return with changes made to the deductions. The ATO has warned taxpayers and their agents against copying work-related expense claims used previously...

  14. ‘Pivotal’ Plutus Payroll fraud figure jailed for 14 years

    the money into a trust account operated by Eddie Obeid’s lawyer Sevag Chalabian, who was sentenced to 12 years’ imprisonment last year for his part in facilitating the blackmail. Justice Payne said while Menon was fearful of the threats of violence, he...

  15. Don’t call us! ATO tells agents, just go online 

    hold off lodging their tax returns to avoid increased wait times and amendments needing to be made to returns. The ATO said last year more than 140,000 individuals had their returns amended before assessment because they had jumped the gun to lodge in...

  16. Financial transformation firm Canvas integrates with OpenAI

    clients can ask ‘What’s the current balance of all my assets across all my wallets and how has this composition changed from last month?’ or ‘Analyse my upcoming travel plans and predict the FX requirements for these destinations,” said Canvas....

  17. Trust has become the only currency for banking apps

    use of apps, there’s inevitably pressure to build on that foundation. A review of the apps of five major Australian banks last year found customers wanted to see more capabilities and functionality, particularly around money movement and management to...

  18. Retail rebounds on discretionary spending, dining out

    along with Mother’s Day and the Click Frenzy Mayhem sales event. “Just as we saw during the November Black Friday sales last year, consumers appeared to take extra advantage of discounting during large sales events in May in response to cost-of-living...

  19. SA medical centres win payroll tax reprieve

    ruling by the Supreme Court of NSW in the landmark Thomas and Naaz Pty Ltd v Chief Commissioner of State Revenue [2022] case last year. That ruling cast medical centre arrangements into doubt and redefined GPs – who typically pay a percentage of their...

  20. One in four households raids savings to make ends meet

    mirror to a nation dealing with surging inflation and cash rate rises. “There has been unprecedented financial change in the last 12 months and unfortunately the turmoil doesn’t look likely to end anytime soon,” Mr Zeller said. “A $500,000 variable...

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