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  1. Loss for ex-CA member in ongoing campaign against professional body

    has made a number of allegations against CA ANZ’s “controlling officers” – being all current and former directors over the last decade – including the unauthorised payment of director fees between 2015 and 2025, and the publication of financial reports...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  2. Loss carry-back sleeper issue ‘not ideal for cash flow’

    as in their own name, in a partnership or in a trust,” said NTAA chief executive Geoff Boxer in a letter to the Treasurer last month. “Furthermore, these businesses are being affected by the economic impact of COVID-19 in the same (or in a similar) way...

  3. Lose trust and it’s a long way back, says CPA Australia

    members and the public is “vital” because getting it back takes years, the head of CPA Australia has warned after a report last week that showed rising confidence in accountants but declines in regard for their professional bodies. “Once trust is lost,...

  4. Looking back and thinking forward: The insolvency landscape in 2024 and beyond

    afloat throughout the pandemic. In addition to this, major banks’ share prices have risen approximately 15 per cent in the last 6 months. Considering these factors, and the continuing effect of the 2019 Royal Commission into Banking which left...

    • Type: Article
    • Author: Trevor Withane, Ironbridge Legal
    • Category: Business

  5. Long-term planning is no longer on the agenda

    unknown meant business leaders felt long-term planning would be ineffective. “Business leaders impacted by upheaval in the last two years no longer have confidence that a long-term strategy will hold up, so they are lowering their sights to the shorter...

  6. Lodgements spike by 88% as taxpayers ignore advice

    have ignored the ATO’s calls to hold off on returns, with lodgements now 88 per cent higher than they were at the same time last year as the Tax Office’s call centre creaks under pressure. With tax time 2019 just over a week old, 810,000 individual tax...

  7. Lodgement performance may take a hit: ATO

    ability to meet deadlines. The tax office said it appreciates that the extensive digital outages, which began in December last year and spanned well into early 2017, would have impacted the ability of tax professionals to meet their clients’ obligations...

  8. Lodgement extensions critical as 3 out of 4 agents fall behind

    Close to three out of four tax agents are now behind on lodgements compared to this time last year, as calls for further extensions continue to ring out. A Tax & Super Australia (TSA) survey of 530 accounting professionals has found that a blowout in...

  9. Lodgement deferrals on the cards as profession speaks out

    we’re going to wait a little bit before we put our hand up.” Blanket lodgement deferrals were a sore point for practitioners last year, with the professional accounting bodies unable to convince the ATO to defer due dates to the end of the financial...

  10. Lockdowns to force economy into reverse, says Business Council

    they are for longer than 100 days, the Australian economy could plummet to productivity lows recorded through the worst of last year’s recession. Business Council chief executive Jennifer Westacott said that, while vaccination “remains our best...

  11. Lockdowns demand more from staff engagement programs

    have re-evaluated their staff benefits programs to better reflect the mental health needs of employees and their families. Last year, some of the firms within the HLB Mann Judd network provided staff with a Recharge Day in lieu of Melbourne Cup Day, for...

    • Type: Article
    • Author: Tony Fittler, HLB Mann Judd Australasian Association
    • Category: Business

  12. Lock the door to cyber threats, embrace client linking: Jordan

    online, has been widely criticised by the profession as too complex. The ATO began rolling out the system to big business last June with a phased adoption this year. Mr Jordan stressed that the ATO’s rollout of digital services was a critical juncture...

  13. Local FTX creditors will need patience: KordaMentha

    to emphasise this is an incredibly complex matter that is going to take a significant amount of time to work through.” Late last week in the US Mr Langdon met the restructuring team for the 102 FTX companies in bankruptcy — the FTX Debtors — to advocate...

  14. Lobby group formed to oppose audit proposal

    government and the community more generally”, she noted. Ms Aisbett said a joint submission was sent to various parties last week voicing the collective concerns of the lobby group. The submission estimates that approximately 90 per cent of SMSFs will...

  15. Loan restrictions, housing downturn pushing business confidence down

    asset worth more than $20,000. Similarly, measures to tackle the Black Economy and reduce tax avoidance announced at last year’s Federal Budget were reported by 86 per cent as having had no direct impact on their organisation. “There is a general...

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

  16. Loan rejections surge for struggling SMEs

    increase in denied applications and deteriorating sector performance. The outlook for small businesses continued to decline last quarter, with data showing a spike in loan rejections and arrears as high interest rates and inflation take their toll....

  17. Loan letters a legal minefield, accountants warned

    knows exactly what you’re doing, and potentially get legal advice.” “You need to check that you have PI cover, because the last thing you want is to be doing a service and then finding out two years down the track that it wasn’t covered.” She says...

  18. Loan industry flatlines amid sluggish economic activity

    Australian Tax Office’s pursuit of outstanding debts has become an increasingly common reason for declined loans. In the last quarter, Banjo saw a doubling of applications being knocked back due to ATO debt.” Serviceability and the inability to meet the...

  19. Little progress on superannuation and other measures

    superannuation balances exceeding $3 million. While legislation to implement the measure was introduced into Parliament late last year, the enabling Bill and the related imposition Bill remain before the House of Representatives. These Bills have...

  20. Little point changing lodgement date, says CPA

    against lodgement before it has the chance to gather essential pre-fill information. It gave the go-ahead to file last week although on Wednesday (3 August) it was still waiting for data from a long list of banks and major companies. They included:...

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