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  1. Former minister appointed small business ombudsman

    pandemic has been punishing for many of our small and family businesses, which will need a supportive environment to help lead the nation into recovery.” The incoming ombudsman signalled a focus on getting small businesses back on track in the wake of...

  2. Scott Morrison to consider new aged care tax

    perceives aged care for the better, towards it being seen as something valuable in which we all have stake, and that it will lead to greater scrutiny and accountability in the way money is raised and spent on aged care into the future,” he said....

  3. Big 4 partner named as Actuaries Institute president

    The incoming president has urged actuaries to have the courage to speak up and lead from the front as the economy recovers from COVID-19. The Actuaries Institute has appointed KPMG senior partner Jefferson Gibbs as president for 2021. Mr Gibbs takes...

  4. Mid-tier appoints 5 new partners

    Pitcher Partners’ Sydney partnership has also welcomed Steven Bragg, a former partner at KPMG. Mr Bragg was the national lead at KPMG’s motor industry services, and will look to provide consulting, audit, tax, M&A, industry-specific training and...

  5. Treasury considers five-fold increase to statutory demand threshold

    it is disputed by the recipient company. Conversely, it contends that reducing the ability of creditors to take action may lead to unintended consequences, including creditors managing their risk of non-payment through dealing with the company on less...

  6. ACCC casts doubts over MYOB acquisition of GreatSoft

    last year following the announcement of the proposed acquisition. The ACCC believes the proposed deal could potentially lead to increased prices, reduction in customer service, or a reduction in investment in product innovation because of a lack of...

  7. ATO yet to analyse profit-making companies on JobKeeper

    the ATO if it had done any analysis on companies with increased profits while on JobKeeper, as the Opposition continues to lead calls for large corporates to return the wage subsidies before paying out executive bonuses and dividends. “From the ATO...

  8. A closer look at the small business restructuring reforms

    as unlike the voluntary administration process, the creditors’ control is limited to approving the SBR plan. This may lead to the creation of more zombie companies if the debtor has exhausted its cash resources and is unable to pay for its winding up....

    • Type: Article
    • Author: Andrew Spring, Jirsch Sutherland
    • Category: Business

  9. Forensic partner to lead internal audit course

    Internal auditors looking to develop better interviewing skills can now learn from former police chief inspector turned forensic consulting partner, Robert Cockerell. The Institute of Internal Auditors - Australia has now launched a new course on...

    • Type: Article
    • Author: Reporter
    • Category: Business

  10. How You Say Good-bye Matters: Tips for Effective Offboarding of Remote Employees

    it is often not possible to have a traditional send-off that would provide an opportunity for closure. This may lead to negative feelings as they are suddenly separated from their work group. If an organisation and employee are no longer a good fit, for...

    • Type: Article
    • Author: The ADP Team
    • Category: Business

  11. Nick Scali repays $3.6m in JobKeeper subsidies

    to refund this amount to the federal government.” The voluntary repayment of JobKeeper payments comes as Labor continues to lead calls for large corporates to return the wage subsidies before paying executive bonuses or dividends. Shadow assistant...

  12. Mandate e-invoicing, says MYOB

    Mr Ellis said. “E-invoicing is the best enabler we have for the digital economy. Let’s get this done and help our SMEs lead Australia’s recovery and growth.”

  13. ASIC sounds warning around high-yield bond scams

    can verify who is using the information and how it will be used. We are seeing a rise in suspicious websites that are simply lead generators for scammers. “Ensuring investment products are true-to-label is front and centre for ASIC. While true-to-label...

  14. General transfer balance cap set to rise to $1.7m

    for the December quarter at 117.2, indexation of the general transfer balance cap is set to occur on 1 July, which may lead to increased complexity where clients have already commenced pensions. The Australian Bureau of Statistics announced on Wednesday...

  15. ‘Unconscious bias can impact accounting profession in the long term’

    Unconscious bias at both a grassroots and leadership level can gradually erode a firm’s success, and should be proactively addressed, says one mid-tier firm. The HLB Mann Judd Australasian Association was recently invited to participate in a landmark...

  16. Proposed super measures could lead to ‘unacceptable’ NALI breaches

    A major accounting body has warned about the interaction between the government’s proposed measures around third-party payments by super funds and the non-arm’s length income requirements for SMSFs where they are unable to obtain certain evidence. In...

  17. Big 4 crowned top workplace for dads

    had to be made available for a minimum of 12 months after the birth. Deloitte’s inclusion, diversity and wellbeing national lead partner, Margaret Dreyer, said the achievement was an endorsement of the firm’s new parental leave policy introduced in...

    • Type: Article
    • Author: Reporter
    • Category: Business

  18. Garry Lyon on The WoWcrowd

    Promoted by myprosperity Discover a series designed to inspire, motivate and lead the Whole of Wealth movement. Stand out from the crowd. The second episode of WoWcrowd led by Garry Lyon, former Captain of Melbourne Football Club and awarded media...

    • Type: Article
    • Author: myprosperity
    • Category: Business

  19. Death benefit rules ‘due for an overhaul’

    With the existing legislation around the payment of lump-sum death benefits leading to inadvertent breaches by SMSFs, a technical expert says a more practical approach is needed in this area. In an online article, SuperConcepts executive manager, SMSF...

  20. TPB highlights risky agent behaviour ahead of crackdown

    board member Peter de Cure said the regulator’s use of data and analytics would also help it pinpoint indicators that could lead to reckless behaviour down the track. “For example, a tax practitioner known to previously being involved in problem...

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