Super

ASIC bans director for illegal super access schemes

Websites run by the Gold Coast man promoted using retirement funds for buying a home or paying down debt.

17 April 2023 • By Philip King

more from tag

Tax

Trust in eligibility checklist when it comes to MITs, ATO warns

The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.

17 April 2023 • By Philip King

Regulation

Australia ranks second for housing market risk: IMF

The international body points to high levels of household debt and high mortgage payments.

17 April 2023 • By Annie Kane

Regulation

Rid nation of money laundering stain, Canberra told

Dirty money hurts everyone and the second tranche of legislation is now long overdue, says software specialist First...

17 April 2023 • By Philip King

Tax

ATO boosts data-matching arsenal to close $1.3bn rental property gap

Nine out of 10 rental claims are wrongly filed but the Tax Office is cracking down on compliance in a move that gets a...

14 April 2023 • By Josh Needs and Philip King

Technology

How data hoarding magnifies the risk of a hack

Financial institutions have a responsibility to keep tabs on customer information and move on from a “more is more”...

14 April 2023 • By Alyssa Blackburn

Regulation

Salon penalised almost $300k for abuse of a visa worker

The FWO found the hairdressing salon had underpaid the worker and required her to make cashback payments to assist her...

14 April 2023 • By Josh Needs

Tax

Inefficient, complex FBT regime ripe for overhaul

With its archaic provisions and heavy compliance burden, fringe benefits tax desperately needs modernising.

14 April 2023 • By Robyn Jacobson

Tax

Social media side hustles all count as income, ATO warns

Many clients will need reminding by their accountants that they have to declare secondary sources of income, including...

14 April 2023 • By Josh Needs

Appointments

AFCA racks up $1bn in refunds, reappoints CEO

The financial complaints body says it has never been more needed with 100,000 issues this year alone.

14 April 2023 • By Philip King

Business

Data-hungry businesses must be alert to risks

Firms are torn between the advantages of accumulating information and the increased liability that comes with it, says...

13 April 2023 • By Josh Needs

Business

EY scraps plans to split, but recommits to the idea

Opposition from its US division has derailed a scheme to divide the firm, but an email to partners says the goal...

13 April 2023 • By Philip King

Tax

ATO adds PAYGW prefill to activity statements

In the 2023–24 financial year, 3,000 employers will also be randomly selected to receive reminders regarding the...

13 April 2023 • By Josh Needs

Regulation

ACCC calls for more ammunition to prevent uncompetitive mergers

Legal reform is essential to prevent companies pushing the boundaries of Australia’s informal regime, chair of...

13 April 2023 • By Philip King

Companies

XPECT Enterprise Cloud Platform for SMEs

12 April 2023 • By Ivi tiongson

Technology

How to Tell when a Client has Outgrown their Accounting Software – a...

A Tool for Trusted Advisors: Here’s a handy questionnaire to help you identify clients that have outgrown their...

12 April 2023 • By Ivi tiongson

Tax

Accountants must alert clients to LMITO, remind them who to blame

Alarm bells in the media could mean angry clients, so tax agents need to explain the change or risk being a target.

12 April 2023 • By Josh Needs

Appointments

Former KPMG director joins BDO

The firm bolsters its risk expertise team as businesses increasingly seek assistance with tougher conditions.

12 April 2023 • By Josh Needs