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  1. Flood victims lodge nearly 1,000 complaints with AFCA

    “The scale and intensity of this natural disaster means it continues to have a significant impact on people,” the AFCA’s lead ombudsman for insurance, Emma Curtis, said. “Everyone’s wish is for those affected to be able to get back on their feet and on...

  2. AAT upholds TPB decision to terminate tax agent registration

    satisfied that he was a fit and proper person to be registered as a tax agent. The AAT also said that his conduct failed to lead by example as a tax agent by not meeting personal tax obligations promptly as well as not demonstrating any remorse...

  3. Food shops forced to back-pay $400k after FWO blitz on Darwin 

    requirements, along with compliance notices. Non-compliant businesses were told that any future breaches might lead to higher-level enforcement action by the FWO. The businesses chosen for inspection either had a history of non-compliance with the FWO,...

  4. Why mortgage broking and accounting are a perfect match  

    staff on to the mortgage side and we started writing loans in June,” Mr Khan said. “We are currently working on about 30–40 leads, which have come purely from existing accounting clients. We haven’t marketed the mortgage broking business yet. “Moving...

  5. 5 tips for accountants

    account so a new pension can restart on 1 July in the next financial year. Pensions that fail to meet the standards lead to unnecessary expenses and taxes in the year of the breach and the commencement of a new pension in the subsequent financial year....

    • Type: Article
    • Author: Graeme Colley, SuperConcepts Executive Manager, SMSF Technical and Private Wealth
    • Category: Business

  6. How to avoid personal liability when dealing with DPNs

    company’s affairs and return it to the directors. Read the road signs The stakes are high and taking the wrong path could lead to personal liability, so directors need to read the signs and be sure they are making the right decision. The viability...

  7. Insolvencies to rise across the region, say GRIP members

    in other jurisdictions for services they need,” said Ms Lau. Jirsch Sutherland joined the GRIP network in May 2021 as the lead of the APAC region and has since grown the network's reach to 15 countries. Members include: Ahlawat & Associates - India DFDL...

  8. Time for accounts payable to raise its game against cyber crime

    in the finance and accounting departments. There is a recognition within these organisations that while finding fraud can lead to negative attention, failing to prevent, detect or respond to fraud is usually far worse. There is also an acceptance that...

  9. Forget astronaut, every child should aspire to be an auditor

    the next generation’s wish list. As we celebrate another Auditor Proud Day, it’s important to reflect on the qualities that lead to the special recognition of the audit profession and its future. Exponential economic growth, diversification, increasing...

  10. Auditor Proud Day toasts the profession with tea and cupcakes

    It’s a time to reflect on the challenges and embrace a pivotal role in sustainability, say leaders. Auditors everywhere today will be toasting their place in the financial universe and contemplating challenges facing the profession, especially...

  11. BDO recruits three partners away from rivals

    capital structuring, procurement, divestments and public-private partnerships. Mr Tracey joins from KPMG where he was the lead partner of the firm’s Penrith office. BDO said that Mr Tracey was deeply entrenched in the Western Sydney business market and...

  12. What BBlood Enterprises case means for s100A

    or what was done was more than was required to achieve the desired objective. If the dealing is “overly complex” this might lead one to the view that the dealing was not ordinary. The negotiations and arrangements prior to making the agreement do not...

  13. EV take-up by long-distance commuters ‘key to reducing emissions’

    EV would save 1.5 times that of one in Neutral Bay, Sydney. “Replacing one conventional vehicle in an outer suburb could lead to much higher emissions reductions than replacing one in an inner city,” said KPMG leader of planning and infrastructure...

  14. ASIC outlines key strategies for crypto regulation

    of individual regulators, nor global borders.” “Market fragmentation and the risk of inconsistent regulatory treatment can lead to arbitrage and expose consumers to greater harm.” Mr Hughes was also concerned that the majority who invest in crypto fail...

  15. Revenue ‘too reliant on income tax, with or without stage 3 cuts’

    same amount of revenue but not necessarily create the same level of distortion in the Australian economy.” Mr Smith, who was lead author of this week’s Deloitte Access Economics October Budget Monitor report, said the real question was: “What level of...

  16. Tassie food outlets forced to back pay workers $120,000

    entitlement should come forward for help.” The FWO also warned the non-compliant businesses that any future breaches could lead to higher-level enforcement action being taken.

  17. Preparation and speedy response key to cyber protection, experts say

    to upscale an attack... for example if you are a contractor or part of the supply chain of a larger organisation, this can lead to a compromise of your business partners.” As individuals become increasingly concerned regarding personal data being...

  18. Politicians damned for ‘dumb’ attempts at tax reform

    Australia “saddled with some of the most difficult tax rules to comply with and to administer”. “The failure to properly lead a conversation, to avoid being railroaded by one section over another, to fail to articulate a program of change that is good...

  19. Space tech will transform ESG reporting, says EY 

    in accurately conducting their environmental, social and governance (ESG) reporting according to EY. EY Space Tech Lab leader Anthony Jones said space technology would become as crucial to businesses as GPS, which enables the precision timing that...

  20. [CPD] PCG 2021/4 : How to advise your clients on professional firm profits

    tax rate of between 30% and 35% otherwise the ATO will review your client and start the "please explain" process that may lead to a tax audit. If you don't advise your clients about this now - and the extra tax they will need to pay for the 2023 year -...

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