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  1. Seymour steps down as PwC chief

    breaches of confidentiality agreements over multinational tax changes that helped earn the company millions of dollars. Late last week, Mr Seymour announced an internal review in the wake of scandal, which came to light after former partner Peter...

  2. EY staff shun internal workplace culture survey due to ID links

    Firm wants to know about racism, bullying, sexual harassment, workload pressure and alcohol at team events in the wake of last year’s suicide. An internal EY survey on workplace culture in the wake of last year’s staff suicide has failed to muster...

  3. Second member of $105m fraud syndicate sentenced to 9 years

    $105 million Plutus payroll tax fraud with a nine-year term handed down by the Supreme Court of NSW to Patrick Willmott late last week. Mr Willmott, 36, was convicted in March of conspiracy to deal proceeds of crime worth $1 million or more and...

  4. 8 months after suicide, nervous EY staff await review ‘in weeks’

    an independent report as employee concerns over safety increase. The findings of a review into the suicide of an EY employee last August are due “within weeks”, the firm says, as staff increasingly share concerns about safety in the absence of any news....

  5. CountPlus unveils brand transformation

    Limited after an overwhelming proportion of shareholders voted in favour of rebranding in an extraordinary general meeting last week. Chief executive Hugh Humphrey said the change signalled a dynamic new phase for the company and represented a...

  6. Announcing the Top 50 Women in Accounting for 2023

    participating in this year's awards. Your work and dedication to the accounting industry are influencing change that will last for generations to come. The community is grateful for your contributions and for the positive waves you’re making in the...

    • Type: Article
    • Author: Ignition
    • Category: Business

  7. ChangeGPS cracks the big time with PKF deal

    notes for the purposes of the ATO.” The s100A tool did the calculations for trust distributions in the wake of last year’s ATO ruling and also assisted in the provision of advice. Another tool, released today (4 May), addresses the requirements of...

  8. $12m illegal tobacco haul destroyed in NSW

    and police, also found a number of safes containing unlicensed firearms and ammunition. One person was arrested in the raids last week. ATO Assistant Commissioner Jade Hawkins said organised crime was behind illegal tobacco cultivation and innocent...

  9. Off-market buybacks ‘super-size tax benefits – for some’

    low or no tax participants at the public’s expense.” The measure, introduced by the Albanese government in its first budget last year, was forecast to raise $550 million over four years.

  10. BDO adds partner to cyber security team

    involving the theft of more than 14 million personal customer details, such driver’s licences and passport numbers. Last year attacks on Medibank and Optus, among others, raised the issue to national prominence as millions had personal information...

  11. Rate rise ‘will push at risk mortgage-holders to record high’

    the eve of the next RBA decision about interest rates and shows the cumulative impact of 10 consecutive increases since May last year, with only one rise (by 0.25 points in March) during the survey period of Q1 2023. Roy Morgan said the number “at risk...

  12. How AI opens the doors of automation

    works in the background – it’s now working right in front of the end user. San Francisco-based OpenAI only released ChatGPT last November, but already by January this year 13 million unique users were using the bot. OpenAI has already released an update...

  13. Airwallex pushes into Canada on back of rapid growth in Americas

    the past year. Globally, Airwallex now covers more than 150 countries and enables US$50 billion in annualised transactions. Last month, the company secured an online payment licence in China, adding to its existing licenses in Australia, New Zealand,...

  14. ATO confirms update to foreign ownership register

    the Commissioner of Taxation would be responsible for the register after he was appointed by the assistant treasurer late last year. His role would be to administer the Register of Foreign Ownership of Australian Assets and maintain accurate records of...

  15. ASIC fails big banks for $550m in customer scam losses

    Bank majors told to lift their game after more than 31,700 customers were conned last year. The Australian Securities and Investments Commission (ASIC) has given the big four banks a fail mark for scam protection after 31,700 customers lost $550...

  16. HR chief quits, EY partners told to ‘draw up lists’

    and restricted in the work it could undertake after its failure to uncover fraud at failed payments company Wirecard. Last year, that fine was dwarfed by the $US100 million penalty imposed by the US Securities and Exchange Commission after it uncovered...

  17. Brisbane accountant achieves push-up world record

    firm Evergent, Lucas Helmke, was officially recognised by Guinness World Records after completing the feat at the end of last year. Mr Helmke told the world record organisation that he attempted the record to inspire his one-year-old son and show him...

  18. EY Australia staff in job cuts firing line

    to brace for cutbacks after being “disappointed and embarrassed” by the collapse of the split plan, the Guardian reported last week. It quoted a UK managing partner as saying it would target “inefficiencies” in the business and start cost-cutting in...

  19. Wage theft law ‘will do nothing to help underpaid’

    the economy is under increasing stress from rising costs, labour and skill shortages and increasing global uncertainty the last thing business needs is more regulation, more complexity and more rigidity,” said Mr Willox. “These measures will do nothing...

  20. Small business scam losses almost double in 2022

    Small and micro businesses lost $13.7 million to scams last year, with payment redirection scams accounting for the biggest losses, an ACCC report reveals. Total losses to scams increased 73 per cent for Australian businesses last year, jumping to...

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