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  1. CA ANZ issues mea culpa over exam hiccup

    for its TAXAU120 exam after its remote exam provider, ProctorU, experienced a momentary connectivity issue with its server last Wednesday. According to CA ANZ, over 90 per cent of candidates were able to reconnect and complete the exam. “On behalf of CA...

  2. We need to talk some common sense about super

    to superannuation and doing business in Australia. Super debate overlooking societal and economic issues The debate over the last few months around increasing the superannuation guarantee and the superannuation amnesty is leaving a number of societal...

    • Type: Article
    • Author: Brad Twentyman, Pitcher Partners
    • Category: Super

  3. ‘Sympathetic and understanding’: ATO confirms compliance approach

    metrics already available to the ATO,” Ms Wilkinson said. “Using GST turnover comparing either April this year with April last year, or the June quarter this year with the June quarter last year, made a big difference to the integrity issues when...

  4. JobKeeper reimbursement to hit 728,000 businesses

    better understand their eligibility position. The ATO has confirmed that payments have begun reaching bank accounts from last night and as of this morning, with the vast majority of payments to be made within days of the ATO receiving a completed...

  5. Service trusts get reprieve under ATO guidelines

    by professional firms who were looking for guidance in the Treasurer’s modified turnover test, say tax experts. Late last month, Treasurer Josh Frydenberg announced that a change to the JobKeeper rules would see service entities recognised, with a...

  6. FASEA remote exam guidelines released

    72 hours before the exam start date, and that candidates will be charged an extra fee if they attempt to schedule at the last minute. It also recommends candidates sit the exam on a personal computer, as those in public locations such as workplaces “may...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Business

  7. JobKeeper ineligibility limiting take-up: ABS

    part of the ABS’ attempt to measure the economic impact of COVID-19, comes after Prime Minister Scott Morrison announced last Friday that 650,000 businesses had since registered for the JobKeeper scheme. Over 900,000 businesses had expressed interest in...

  8. No further JobKeeper eligibility changes, says Treasury

    prioritising work on the alternate test for special purpose service entities, announced by Treasurer Josh Frydenberg last Friday. “Those changes to the rules that the Treasurer announced on Friday would be made this week, and we’re working on defining...

  9. JobKeeper ‘one in, all in’ rule forcing tough decisions

    difficult conversations within businesses, with accountants advised to lean on employment lawyers in certain scenarios. Late last week, Treasurer Josh Frydenberg reiterated the importance of the “one in, all in” principle of the JobKeeper scheme, noting...

  10. Former Westpac exec unveiled as CA ANZ CEO

    was also chief of staff to former Westpac chief executive Brian Hartzer between 2013 and 2015. Mr Hartzer stepped down late last year following allegations that the bank committed 23 million breaches of Australia's anti-money laundering laws. The...

  11. Treasury boss hails ‘rapid’ ATO stimulus delivery

    looking into the government’s COVID-19 response, Mr Kennedy said $10 billion in stimulus measures had been paid out over the last three weeks, with three times that amount expected over the next month. However, he pushed back on a line of inquiry that...

  12. ATO extends initial JobKeeper payment deadline

    are eligible.” The extension in time to meet the wage condition comes after the ATO registered the alternative tests late last week and the Treasurer revealing that further changes would be made to the JobKeeper rules. Assistant Treasurer Michael Sukkar...

  13. National network moves in on WA merger

    deal will see Carbon expanding its Perth accounting services after it made moves in the Queensland and Melbourne market late last year. Parish Business Services owner Jason Parish will become a partner in Carbon’s advisory division as a part of the...

  14. JobKeeper to address service entities: Josh Frydenberg

    using the services of the employer entity.” Mr Frydenberg’s announcement comes after the ATO determined alternative tests last Thursday for fall in turnover for classes of entities where there is not an appropriate relevant comparison period. It is...

  15. Queensland appoints temporary small business commissioner

    recovery from the COVID-19 impact. Minister for Employment and Small Business Shannon Fentiman said the role was set to last until the end of 2020. “Our thousands of small businesses are struggling due to the COVID-19 crisis, and now more than ever they...

  16. COVID-19 claims 6% of jobs in 3 weeks

    the pandemic was declared, meaning 780,000 people lost their jobs by 4 April. A majority of the job losses came in the last week of March ending on 4 April, when the government started enforcing strict restrictions that saw the closures of a number of...

    • Type: Article
    • Author: Jotham Lian & Aidan Curtis
    • Category: Business

  17. Nexia Australia announces new chair

    having been a director at the firm’s Perth office since 1994. Mr Di Giulio will succeed Ian Stone, who was appointed last year as chair of Nexia International, marking the first time a representative from Australasia has been selected to chair the...

  18. Now is your time to shine

    and invite your clients to watch the video, which they may prefer. There’ve been quite a few live webinars being run in the last few weeks and this is a one-to-many approach which could be useful. In my view, this is no substitute for one-on-one...

    • Type: Article
    • Author: Rob Pillans, Planet Consulting
    • Category: Business

  19. Fair Work updates guidance on JobKeeper scheme

    and operation of the JobKeeper payment scheme in Australian workplaces. Changes to the Fair Work Act, which are set to last until 28 September 2020, have been made in tandem with the government’s $130 billion JobKeeper legislation. According to Fair...

  20. ‘We are not immune’: Deloitte mandates 20% pay cut

    immune,” Mr Deutsch said. “Our own Deloitte Access Economics team estimate that over 1 million jobs have been lost in the last three weeks. In this environment, a significant focus for my leadership team and me is to minimise job losses across our...

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