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  1. Former liquidator pleads guilty

    by the Commonwealth Director of Public Prosecutions. Mr Levi previously faced the Downing Centre Local Court in November of last year with the case then adjourned to a later date. The deception offences carry a maximum penalty of five years, while the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  2. SMEs reveal pessimistic forecast

    over the next 12 months, the proportion of operators expecting their revenue to increase was just 31 per cent. In October last year, 38 per cent of operators said they had more work or sales in the pipeline, but this number has now fallen to 34 per...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  3. ATO undertaking 'aggressive' surveillance campaign

    Clint Harding, a partner at Arnold Bloch Leibler, noted the ATO’s surveillance capabilities have vastly improved in the last three years, as the government continues to direct funding and resources towards specific compliance targets. Money coming to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  4. Accountants warned on SMSF documentation traps

    typically there isn’t a sinister element to these failures, rather, just holes in the compliance process. "People just use last year’s documentation and change the date on it and away you go," he said. Gadens partner Kathleen Conroy previously noted to...

  5. Relief for SMEs with ATO deadline extension

    it is willing to work with all superannuation sector participants, including employers, to deliver the best outcome." Late last week, MYOB research indicated that as many as one third of Australian SMEs were running the risk of not complying with the...

  6. Mid-tier firm announces new partners

    Louise and Jordan have already contributed so much to Pitcher Partners Sydney as we moved through the merger process last year,” Mr Southwell said. “We’re growing at the same time as we’re helping our clients to grow, and Alison, Louise and Jordan will...

  7. William Buck eyes growth in SA office audit team

    for clients. “Our audit and assurance division has experienced significant growth in recent years, particularly in the last 12 months in a very competitive market. That’s a reflection of the quality and expertise of our people,” Mr McKeough said.

  8. Election saga labelled a reflection of tax proposals

    what the government of the day will do with superannuation policy, especially as it relates to its tax treatment. But after last Saturday, it seems doing so might come at a high political cost."

    • Type: Article
    • Author: Reporter
    • Category: Tax

  9. Fintech firm snares ex-Sage MD

    Disney-May as its new chairman and investor, as the company looks to expand on an ARR increase of over 200 per cent in the last six months. Boasting a technology career spanning over 30 years, Mr Disney-May has held several senior positions at the Sage...

  10. KPMG ramps up fintech moves

    of KPMG Australia, and follows the successful Energise accelerator run for the energy and natural resources sector last year. It has been designed to help mutual banks and credit unions and their members gain access to leading fintech innovators. It...

  11. ATO reports 90% spike in scams, fraud

    In 2015 almost 87,000 phone and email scams were reported to the ATO, an increase of over 90 per cent from 2014. “In the last couple of years, not only have we seen a significant increase in the number of scams reported to us, but also the different...

  12. SME lender lists on ASX

    Pacific’s most significant acquisition to date was perhaps that of rival SME lender Bibby Financial Services in December last year, with the combined business now employing almost 300 staff, handling approximately $10 billion of annual sales and...

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

  13. MYOB teams up with international heavyweights

    NAB’s QuickBiz Loan application. The application allows eligible customers to apply for up to $50,000 in unsecured lending. “Last year, we also partnered with small business lender OnDeck to help ease the process for businesses when it comes to...

  14. Axe hangs over controversial super policy

    Lewis. “Particularly since there’s an argument that it’s retrospective,” Mr Lewis said. “Hopefully everyone might get one last bite of that cap, and maybe it’ll be prospective rather than retrospective.” Mr Lewis noted there are several administrative...

  15. Is the hype around the new super changes warranted or simply codswallop?

    concern to me, primarily because it appears to ignore business owners. Most business owners that I have worked with over the last thirty years invariably reinvest all their available cash back into growing their business; this is in addition to paying...

  16. Is your ‘new financial year’s resolution’ to improve your business health?

    Planning. Estate planning is more than just having an up to date will, however if you haven't reviewed your will in the last couple of years, now is the time to make sure it accurately represents your wishes. Making time to review your assets and...

  17. H&R Block warns on unclaimed tax

    returns were confident of their accuracy, but after an examination of a sample of self-lodged tax returns from last year, 59 per cent of them contained errors. H&R Block director of tax communications Mark Chapman said that there is a real lack of...

  18. Accounting director hit with ASIC disqualification

    of the Corporations Act 2001 ASIC may disqualify a person from managing corporations for up to five years where, within the last seven years: the person has been an officer of two or more corporations; and while the person was an officer, or within 12...

  19. SMEs lack confidence in legislative passing power

    permanent and accelerating company tax rate proposals for small business would be steps in the right direction. “The last Parliament was a watershed one for small business,” Mr Reed said. “For the first time in over a decade small business was moved to...

  20. Mid-tier looks to boost, shake up divisions in FY16-17

    to new technologies to change the way those services are delivered. “Our audit, tax and private advisory areas all grew last year. However, we expect that automation and globalisation of workforce needs to be embraced to ensure that we can continue to...

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