Regulation

Sixth person charged over alleged $US100m investment scam

AFP claims international crime syndicate is using fraudulent bank accounts and crypto-currency.

18 August 2023 • By Philip King

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Business

70% of turnaround experts expect recession within a year

The mood has turned sharply pessimistic among those on the frontline, a KordaMentha survey finds.

17 August 2023 • By Philip King

Business

First-ever Women in Finance Summit launches

Momentum Media is proud to launch its inaugural Women in Finance Summit, aimed at supporting and connecting leading...

17 August 2023 • By Malavika Santhebennur

Tax

Medical centres confront $600k payroll tax bills or closure

The RACGP says retrospective assessments already threaten practices in regional Victoria and NSW.

16 August 2023 • By Philip King

Regulation

Recycling companies fined $375k for underpaying refugees

FWO pursued Victorian waste processing operations which have repaid $2.4 million due in wages dating back to 2012.

16 August 2023 • By Philip King

Business

Why demand for advisory work has changed for good

One accountant says that his clients are contacting him more than ever for support beyond basic compliance.

16 August 2023 • By Christine Chen

Regulation

Government to review $170bn franchising sector

Enforcement of the Franchising Code of Conduct, transparency and franchiser dispute resolution to come under scrutiny.

16 August 2023 • By Christine Chen

Tax

NSW, Victoria prescribe GP payroll tax without amnesty sweetener

UPDATED: State revenue rulings clarify that medical centres will be liable for the levy under service fee arrangements.

15 August 2023 • By Philip King

Regulation

Bankrupt lawyer with $4.7m tax debt ordered to pay $55k security

Migration specialist who moved to Romania in long-running case seeks appeal against payment ruling.

15 August 2023 • By Naomi Neilson

Tax

IPA celebrates centenary with gala dinner, appetite for future

“We pride ourselves on our personal connection with our members and our focus on supporting small businesses,”...

15 August 2023 • By Philip King

Technology

‘Healthy scepticism essential’ to avoid AI pitfalls

The technology has limitations and needs guardrails, says Damien Greathead of Intuit QuickBooks, but it’s better to...

15 August 2023 • By Philip King

Technology

AI ‘perfect for the heavy lifting on routine tasks’

Many functions such email queries or picking up anomalies in returns lend themselves to the technology, says Damien...

14 August 2023 • By Philip King

Regulation

Reforms to wholesale investor rules desperately needed: CPA

The accounting body is calling for a review of the wholesale investor tests, with the government currently examining...

14 August 2023 • By Miranda Brownlee

Business

Insolvencies to surge because of economy, rise in court wind-ups

More aggressive action by the ATO and big four banks combined with the mortgage cliff make the rest of the year...

14 August 2023 • By Philip King

Appointments

The highly anticipated pre-Xerocon party of the year is back! Get your tickets!

We're just ONE week away from #IgnitionPrecon, the kick-off party for Xerocon 2023!

11 August 2023 • By Ignition

Tax

‘AI only a threat to firms which renounce it’

Artificial intelligence will never usurp accountants, although firms that fail to embrace the technology have the most...

11 August 2023 • By Philip King

Regulation

PwC partner wins reprieve from forced retirement

Court finds the firm failed to show its reasons for acting against Richard Gregg in the wake of tax scandal.

11 August 2023 • By Naomi Neilson

Technology

Understanding evolving technology and its profitability impact on your firm

Discover how accounting and bookkeeping firms can leverage evolving technology for greater profitability and success....

11 August 2023 • By Intuit QuickBooks