Regulation

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

The Tax Office lacked the ability to respond to the widespread fake GST claims uncovered in late 2021, the Australian...

14 February 2024 • By Philip King

more from tag

Regulation

Operators, accountant of Chapel Street bars fined $137k

La La Bar Group’s records were “grossly inadequate” but its director and manager showed no contrition or remorse for...

14 February 2024 • By Christine Chen

Technology

Kloud Connect announces strategic merger with data analytics firm

The merger will deliver more advanced data analytics through Kloud Connect’s practice management software for...

14 February 2024 • By Miranda Brownlee

Profiles

Amir Ishak - Providing Optimum Tax Solutions to Property Investors

Amir Ishak is a highly experienced tax accountant and property advisor who leads Property Tax Specialists in providing...

13 February 2024 • By Property Tax Specialists

Regulation

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

Long-running ATO case dating back to the early noughties ends in jail term for conspirator who fled overseas.

13 February 2024 • By Philip King

Regulation

ATO expands employment tax crackdown through random audits

The novel tactic involves “all-encompassing” reviews of businesses’ PAYG, FBT and superannuation obligations, mid-tier...

13 February 2024 • By Christine Chen

Business

Consulting inquiry grills KPMG over cultural practices

Responses provided by KPMG in relation to power mapping practices reflect a lack of cultural change since its exam...

13 February 2024 • By Miranda Brownlee

Super

Super ‘must abandon nest egg mindset, focus on income’

Reduced complexity, better access to advice and a rounded approach to supporting retirees are essential as the...

13 February 2024 • By Philip King

Tax

Pressure mounts on government to curb negative gearing, CGT

The tax reform debate turns from stage 3 cuts to the concessions available for property investors ahead of the federal...

13 February 2024 • By Christine Chen

Business

Government commits $41m to power SME energy relief

Businesses will be able to apply for grants of up to $25,000 to switch to more efficient equipment, saving on energy...

12 February 2024 • By Miranda Brownlee

Business

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

Members of the inquiry into consulting services doubt the firm's ability to reform due to its refusal to share crucial...

12 February 2024 • By Miranda Brownlee

Business

IPA raises transparency concerns with government grants for business

A large majority of business grants are awarded through non-competitive processes, contrary to government guidelines,...

12 February 2024 • By Miranda Brownlee

Tax

​​Stage 3 tax cuts divide accountants

CA ANZ members disagree on whether they will add to inflation and be good for the economy, a survey finds.

12 February 2024 • By Christine Chen

Business

Inflation erodes employee confidence, but bosses upbeat

Confidence about the economy soars among employers while workers struggle with cost-of-living pressures, survey finds.

09 February 2024 • By Philip King

Tax

​​Tax debt linked to family violence, research finds

Almost 60 per cent of women who received help at UNSW’s pro bono clinic said they experienced abuse.

09 February 2024 • By Christine Chen

Super

Why payday super offers a timely chance to close the gap

Revisions to ensure prompt payment for workers and appropriate penalties for employers have been a long time coming.

09 February 2024 • By Robyn Jacobson

Business

Why AI, mergers and advisory add up to cautious optimism

The accounting industry changes slowly but data reveals unmistakable trends and a positive outlook.

09 February 2024 • By Julia Thomson

Business

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

Business insolvencies surge as debtors end their COVID-19 era leniency.

09 February 2024 • By Christine Chen