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  1. 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...

  2. ‘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...

  3. 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...

  4. 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...

  5. 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...

  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. 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...

  8. 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...

  9. 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...

  10. Experienced financial planner joins Slipstream coaching team

    to fix that situation. But I am absolutely thrilled that one of the women who have been a leader in this industry for the last 30 years still wants to give back.” Ms Forbes said she was excited at the prospect of joining Slipstream’s team of seven...

  11. Government establishes e-invoicing hub to encourage take-up

    owners.” Australian Small Business and Family Enterprise Ombudsman Bruce Billson also advocated for the technology during last year’s e-invoicing week. “It is a great way to enable faster payment, it cuts the administrative burden and is more secure...

  12. Alleged money mule laundered $176k from fraudulent emails

    (BEC) fraud and other cyber crime. The charges came after the AFP was alerted to unusual financial transactions by a bank last August and began Operation Dolos-EMMA8. The investigation allegedly identified that from June 2021 to May 2022 the man...

  13. TPB forces 1,300 PwC staff back to ethics school

    and tax confidential consultations. PwC has sent more than 1,300 tax staff back to ethics school to comply with a TPB order last November after the sharing of confidential Treasury plans by former international tax boss Peter Collins. The TPB also...

  14. Taylor David taps senior ASIC lawyer for associate role

    to the edge.” “There’s quite a few more proactive clients that are coming to us…we’ve grown fairly significantly in the last financial year, and we will be looking at increasing our resource base to cope with the demand in this second part of the year,”...

  15. Dmca advisory acquires Willoughbys Financial as founders plan for retirement

    its leadership team with Alison Stanbridge, Ricardo Neves and Mark Gellert stepping up to associate director roles in July last year, and it will offer an employee share scheme. Ms Tonkin said the team would increase further this year but the firm is...

  16. Accountants ‘ill prepared’ for tighter client ID regime

    an add-on to its payment system Collect for about 12 months following recommendations about AML compliance made by the TPB last year. FeeSynergy managing director Malcolm Ebb said many of its 500 accounting clients, which takes in mid-tier firms across...

  17. RBA weighs uncertainty in rate decision

    are working. The RBA has left interest rates on hold at 4.1 per cent to assess the impact of its string of rises since May last year but said uncertainty remained and “further tightening of monetary policy may be required”. “The higher interest rates...

  18. Deloitte acquires cyber security specialist ParaFlare

    also increasing in frequency and cost with the number of complex ransomware attacks up by more than 300 per cent over the last five years. “This new partnership will allow us to offer highly individualised and modular solutions that are cloud-based,...

  19. Most taxpayers ‘in the dark’ about their return result

    supplied to Accountants Daily, showed the average refund for returns processed during July was down by $438 compared with last year to $2,331. However, taxpayers using an agent got a substantially better result with an average return of $2,669 against...

  20. NSW leads plunge in business confidence to record lows

    confidence than other states in recent years as the mining industry has outperformed other industries.” The RBA’s decision last week to hold interest rates for a second month in a row also failed to lift consumer sentiment, which dipped 0.4 per cent...

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