Tax

How capital asset creation can make labour costs non-deductible

Wages and salaries should be capitalised where they relate to the construction or creation of capital assets, TR...

29 September 2023 • By Dennis Tomaras and Ellen Karakoussis

more from tag

Regulation

Privacy Act to take in small businesses

Operations with an annual turnover of $3 million or less will no longer be exempt after the government accepts review...

28 September 2023 • By Josh Needs

Business

KPMG caught using secret ‘power maps’ to secure Canberra contracts

Senators blasted KPMG's CEO for lying and breaching public trust after he denied his firm targeted officials based on...

28 September 2023 • By Philip King

Regulation

Auditor suspended for 3 years for professional failings

ASIC says he failed to obtain sufficient evidence of money held by a broking services firm in which the director was...

28 September 2023 • By Philip King

Business

Pension work bonus increase an ‘encouraging step’

National Seniors Australia welcomes a government decision to permanently increase the work bonus for pensioners but...

28 September 2023 • By Miranda Brownlee

Business

Inflation rebounds on high petrol, energy prices

UPDATED: An increase in August reflects rapid rises in volatile items, the ABS says.

28 September 2023 • By Philip King

Regulation

Switkowski exposes flaws in PwC’s results-focused culture

Excessive CEO power, a flawed governance model and an attitude that “revenue is king” undermined trust built up over...

28 September 2023 • By Philip King

Technology

Cascade Consulting: Embracing technology with QuickBooks

Leading accounting firm Cascade Consulting adopts QuickBooks to streamline processes & enhance accounting practices....

27 September 2023 • By Intuit QuickBooks

Regulation

Accountants sweat on ‘non-stop’ wave of ATO super audits

The Tax Office’s intensified, data-led approach means that accountants have become inundated with superannuation...

27 September 2023 • By Christine Chen

Regulation

FWO targets tenfold penalties for ‘serious’ UNSW payslip breaches

The ombudsman has started legal action against the university for record keeping allegedly “so inadequate” it was...

27 September 2023 • By Philip King

Regulation

TPB, ATO quizzed on whether PwC ‘too big to fail’

Audit concentration among the Big 4 makes the sector unmanageable, Greens senator claims.

27 September 2023 • By Philip King

Technology

Ignition unveils raft of enhancements to platform

Software firm Ignition has announced a broad range of platform upgrades to enable firms to manage revenue and payments...

27 September 2023 • By Miranda Brownlee

Regulation

‘Shadow director’ banned for $17m crash of tax advisory companies

Philip Whiteman was involved with five Melbourne accounting and legal operations that collapsed in 2017.

26 September 2023 • By Philip King

Appointments

‘Most qualified accounting migrants wind up working elsewhere’

White paper identifies accountancy as a profession with a huge mismatch between migrant qualifications and where they...

26 September 2023 • By Christine Chen

Business

Shoppers OK with theft as cost of living bites

Over one-quarter of consumers surveyed said it was “a little” to “completely” justifiable to steal from retailers.

26 September 2023 • By Christine Chen

Business

Sweeping reforms to streamline access to finance

The Attorney-General has announced a raft of proposed reforms aimed at reducing compliance costs and improving access...

26 September 2023 • By Miranda Brownlee

Regulation

CA ANZ opens voting on revised conduct code

As the body’s AGM looms, its annual report shows losses widened to almost $9 million last year.

26 September 2023 • By Philip King

Regulation

Sportsbet ‘induced my gambling’: accountant in $26m fraud case

Benjamin Carter has begun civil action against the betting giant for allegedly unconscionable conduct in relation to...

25 September 2023 • By Naomi Neilson