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  1. Why payday super offers a timely chance to close the gap

    support for their employees). The new PDS policy was announced jointly by the Treasurer and Assistant Treasurer on 2 May last year as part of the budget measures announced on 9 May. The policy sits against the historical landscape of decades of...

  2. Experts sound alarm over ‘flawed’ ATO royalty ruling

    Liam Delahunty, director Liam Telford and senior manager Tristan Hedley wrote on RSM’s website after the ruling was released last month. “It seeks to significantly expand the definition, particularly by asserting that software distributor providers make...

  3. CA ANZ triples member ethics training, mandates annual pledge

    The by-law changes follow recommendations from an independent review of the body’s professional conduct framework released last year, instigated in the wake of the KPMG’s exam cheating scandal that implicated over 400 members. The plan also called on...

  4. Apple Pay outpaces Afterpay in digital payments race

    had outpaced other digital payment services. “The usage of Apple Pay has grown far more rapidly and consistently over the last five years than any other digital payment service – from only 4 per cent of Australians in 2018, doubling to 8 per cent by...

  5. Inflation erodes employee confidence, but bosses upbeat

    may be more confident that better times lie ahead.” Overall, only 72 per cent of workers felt the same this year compared to last while 89 per cent of employers believed business conditions were on the up. Employers cited increased financial resources...

  6. ATO, bank debt crusade triggers 133% jump in court wind-ups

    Collectable debt had surged by 89 per cent over the past four years, prompting the ATO to shift to a hardline approach last year. In November, deputy commissioner Vivek Chaudhary said there “would be exits” as the Tax Office “re-established the culture...

  7. Stage 3 cuts to pass House, Senate greenlights ‘right to disconnect’

    stage 3 cuts towards low and middle-income earners to provide cost-of-living relief into Parliament. The changes, announced last month and set to take effect from 1 July, would reduce the lowest rate of income tax from 19 per cent to 16 per cent and the...

  8. ‘No confidence’ in PwC’s ethics, senators say

    sharing, we will not tell you what happened’,” she said. Ms Pocock also questioned other measures taken by PwC in the last year as a means of tightening the firm’s internal ethics controls. Mr Burrowes had told the Senate in his opening remarks that “a...

  9. Resort developer gets 10-year sentence for $15m tax fraud

    the matter in 2016 but his co-conspirators – including Mr Zhang – fled the country while under investigation. His sentencing last week follows extradition from New Zealand in 2019. ATO assistant commissioner Jade Hawkins welcomed the result. “Mr Zhang...

  10. Pressure mounts on government to curb negative gearing, CGT

    property investors.” The Greens’ statement on Monday follows similar calls from crossbenchers David Pocock and Jacqui Lambie last week. “You’ve got to look at the tax system that incentivises housing as an investment. It shouldn’t be easier to buy your...

  11. Consulting inquiry grills KPMG over cultural practices

    document with a colour-coded diagram of a government department’s senior organisational structure. Following the hearing last year, Mr Yates was asked to review his answers and responses to questions on notice following the hearing. KPMG was also asked...

  12. Audit office damns ATO safeguards in wake of $2bn GST fraud

    BAS. The ATO said its Operation Protego had pursued more than 57,000 perpetrators of GST fraud and by the end of August last year, criminal investigations resulted in more than 100 arrests and 16 convictions. However, the ANAO cited a report by the...

  13. SMSFs ‘outperform big super funds by record margin’

    outperformed APRA funds in some financial years and this now includes 2021-22.” He said a disparity with data from the ATO last week that put the median SMSF return for 2021–22 at -1.8 per cent (against -1.0 per cent in the Adelaide study) came down to...

  14. ACCC to prioritise complaints from business and consumer groups

    currently operate in the United Kingdom and Canada. The government released its plans for the complaints mechanism in May last year, following concerns raised by relevant advocacy groups that their complaints were treated in the same way as any other...

  15. Slipstream adds financial services exec to coaching roster

    members. Mr Smith’s appointment would be Slipstream’s first addition since financial planner Nina Forbes joined in July last year. It said its coaching roster included “highly credentialed” authors, business owners and mentors, selected based on their...

  16. Rising unemployment a taste of what is to come, economist says

    mid-2023,” the ABS said. The annual growth rate in hours had “slowed considerably” over the period, falling to 0.7 per cent last month. Underemployment and underutilisation both rose across January (by 0.1 per cent and 0.3 per cent, respectively),...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business

  17. ATO taking R&D tax claims more seriously, expert says

    and development tax incentive (RDTI) scheme will have a harder time, said HLB Mann Judd consultant, Troy Smith. Late last year, the ATO published two taxpayer alerts warning against misuse of its research and development tax incentive (RDTI) scheme....

  18. Xero lands preferred supplier agreement with Mazars

    Financial Review’s Top Accounting Firms rankings. Its preferred supplier agreement is the first signed since March last year when Xero partnered with the accounting network Allinial Global. The initiative was launched in 2021, with BDO named the...

  19. Natalia Clack - Director of Easy Super, SMSF Adviser of the Year and Superannuation Specialist Accountant of the Year

    how much their future retirement is in their own hands. I am glad that the awareness of the system has grown a lot in the last ten years, and more and more younger people recognise the values of the superannuation system and the choices it provides to...

    • Type: Article
    • Author: EasySuper
    • Category: Profiles

  20. PKF Australia adds 3 principals to its Sydney team, promotes 8 others

    presents us with the chance to acknowledge and appreciate our employees for their dedication and development throughout the last year.”

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