Business

Restaurant operators hit with $4m in penalties for underpaying staff

Former operators of three Taiwanese restaurants have been issued $4 million in penalties after “deliberately and...

11 April 2024 • By Jack Campbell

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Tax

Cost of tax debt ‘to soar in 2025’, CA ANZ warns

Changes to the deductibility of the general interest charge and shortfall interest charge may see the ATO holding a...

11 April 2024 • By Miranda Brownlee

Business

Findex announces partnership with investment firm

The advisory and accounting firm has formed a new partnership with Mercury Capital to expand its services.

10 April 2024 • By Miranda Brownlee

Business

AAT reinstates liquidator’s registration with conditions

The tribunal has determined that a liquidator’s registration should be reinstated in a recent decision.

10 April 2024 • By Miranda Brownlee

Tax

Why smaller accounting firms are landing government contracts

A bids and tender specialist has seen a dramatic increase in small to medium accounting firms bidding for government...

10 April 2024 • By Robyn Tongol

Business

Positive signs for retail and construction in latest business survey

Business conditions fell slightly in March but there are signs of improvement in both the retail and construction...

10 April 2024 • By Miranda Brownlee

Business

Small business productivity slipping below pre-COVID levels

Small business labour productivity is managing to keep pace with big businesses but remains below pre-pandemic output,...

10 April 2024 • By Miranda Brownlee

Business

Service station enters enforceable undertaking over $2.3m in unpaid leave

The South Australian employer will back pay or credit $2.3 million in annual leave entitlements to staff following a...

09 April 2024 • By Miranda Brownlee

Regulation

ASIC unveils plans to ramp up surveillance on auditor independence

The corporate regulator plans to undertake a review of auditor compliance across key systemic requirements in 2024–25.

09 April 2024 • By Miranda Brownlee

Webcasts

Exploring the evolving role of accountants

Accountants and small and medium-sized businesses (SMBs) share an invaluable partnership essential for long-term...

09 April 2024 • By Digital

Business

Victorian cities rank highest as best location for start-ups

A recent study has revealed that regional cities in Victoria have been ranked as some of the best locations to start a...

09 April 2024 • By Miranda Brownlee

Business

Draft legislation to provide tax relief for certain lump sum payments

The draft legislation will exempt eligible lump sum payments in arrears from the Medicare Levy where they are received...

08 April 2024 • By Miranda Brownlee

Tax

ATO issues alert on false invoicing arrangements

Businesses using illegal financing arrangements have been put on notice with the Serious Financial Crime Taskforce...

08 April 2024 • By Miranda Brownlee

Appointments

ATO graduate program for 2025 closing soon

The ATO is on the hunt for accounting, law, finance and commerce graduates for its 2025 graduate program.

08 April 2024 • By Miranda Brownlee

Regulation

William Buck director fined $20.6k over audit independence concerns

Nicholas Benbow is the first auditor ASIC has fined over allegedly breaking five-year rotation requirements for listed...

08 April 2024 • By Christine Chen

Business

ATO to boost affirmative action after missing Indigenous staff targets

A mid-year report has shown the Tax Office is struggling to meet 2023–24 staff representation targets, with the...

08 April 2024 • By Christine Chen

Technology

Government warns taxpayers again of myGov ATO scams

Fraudsters are still sending bogus messages to gain access to personal information and illegally claiming tax refunds,...

08 April 2024 • By Christine Chen

Appointments

Big 4 partners, directors jump ship as mid-tier demand surges

Partners and directors from EY and Deloitte have moved to BDO and RSM in a flurry of recent appointment activity.

08 April 2024 • By Christine Chen