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  1. BDO acquires transfer pricing expert

    in demand from multinationals seeking transfer pricing guidance and support after Chevron lost its case against the ATO last year. “Transfer pricing continues to be one of the key issues facing global companies who have cross border operations,” Ms...

  2. BCA calls for fiscal tax, spending caps to rein inflation in

    a significant role in managing household costs," RSM Australia economist Devika Shivadekar said regarding CPI data released last week. BCA also took aim at regulation, recommending that the government “appoint a Minister for Deregulation with clear...

  3. BAS, tax agent portal saga set to be escalated

    after a certain number of hours with an outage. There needs to be some compensation here that doesn’t exist.” As reported last week, shadow assistant treasurer Andrew Leigh is also throwing his support behind the cause, calling on Prime Minister Malcolm...

  4. BAS, payroll still major pain point for Aussie firms

    SME business owners, which show that support for the federal government increased to 26 per cent, up from 20 per cent in the last survey. Despite this, 64 per cent are looking to the government to reduce red tape, simplify reporting processes and...

  5. BAS agents, bookkeepers called on to spread STP message

    obligations with the new Single Touch Payroll regime. Legislation to introduce STP across businesses of all sizes was passed last month, with the ATO granting a three-month buffer to 30 September 2019 for small businesses to transition to the new...

  6. BAS agents shine as TPB fields complaints data

    throughout that process, have towed the line and done everything that has been asked of them,” he said. Compliance targets Last year the TPB launched a major compliance project targeting unregistered service providers, which recently saw almost 3,000...

  7. BAS agent’s registration application rejected over insufficient experience

    a registered TPB agent, had undertaken at least two years of full-time relevant experience (or part-time equivalent) in the last five years – determining that his registration as a tax agent must be rejected as he “did not meet the requirements...

  8. Barrister facing suspension accused of tax failures

    her practising certificate, but will soon face an “urgent” hearing to determine allegations of non-compliance. At the end of last year, Andrews had her certificate suspended after the board claimed she had allegedly worked without a practising...

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

  9. Banks’ commitment to unfair contract legislation a win for SMEs

    contracts. “While the IPA was pleased with the passing of unfair contract legislation which has been in place since November last year, much work is required to enforce current practices which still see unfair clauses in contracts with small business,”...

  10. Banks remain SME favourite for loans as software providers move in

    lending space has been growing with KPMG revealing that Australia’s alternative finance market has grown 53 per cent last year. Further, ASIC’s second survey of the marketplace lending industry for the 2016-17 financial year showed $300 million in loans...

  11. Bankruptcy trustee’s bid to shirk CGT on $388k sale fails in court

    on the sale of two of Lanning’s Noosa properties which sold for a combined $388,000 in 2020 and 2021. However, in a judgment last week, the Federal Court dismissed Robson's argument that the tax laws around CGT did not apply to bankruptcy trustees. “The...

  12. Bankruptcy trustee referred to disciplinary committee

    committee after he was issued with a show cause notice by the Inspector-General’s delegate, Tim Cole, in December last year. A disciplinary committee will soon convene under Part 2, Schedule 2 of the Bankruptcy Act to decide whether Mr Moore’s...

  13. Bankruptcies ‘to triple if history repeats itself’

    that occurred when properties were over-encumbered,” he said. “At the moment, a lot of properties purchased through the last two years still have a good amount of equity and savings to stave off these ongoing issues. “The question is whether or not...

  14. Bank watchdog slams 40% rise in hardship safeguard breaches

    a total of 326 breaches of their obligations for banks to assist customers under chapter 39, a 22 per cent increase from the last reporting period. According to chapter 39, “a bank must explore available options and provide the customer with information...

  15. Bank lending to small business leaps 28% in FY2022–23

    to small business up by one-third, the ABA says. Lending to small- to medium-sized enterprises increased by 28 per cent last financial year to push total outstanding credit to the sector to almost $600 billion, according to data from the Australian...

  16. Ban on pay secrecy ‘will help level the playing field’

    co-founder and head of product at KeyPay, Phil Bernie. Introduced for new contracts under the Secure Jobs, Better Pay laws last December, the change meant staff could no longer be prohibited from sharing pay details with colleagues, Mr Bernie said on...

  17. Back-door listings set to surge

    method, particularly for smaller businesses looking to build their capital base and/or make strategic acquisitions. “In the last 12 to 15 months IPO listings have increased, which is expected to further generate interest in back-door listings....

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

  18. 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...

  19. Award winner urges accountants to send in submissions

    As submissions flood in for the 2016 AccountantsDaily Australian Accounting Awards, last year’s winner of the prestigious Excellence Award has encouraged accountants to send in their applications. Amanda Kenafake of Power Tynan, the winner of last...

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

  20. Avoid last-minute AML/CTF scramble, warns recruiter

    Simon Rippon, a recruitment specialist at Momenta, told Accountants Daily that firms that left AML/CTF compliance to the last minute could be left scrambling for talent and expertise by mid-next year. From 1 July 2026, accounting firms that provide...

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