Tax
ATO interest charges outpace RBA rate rises
Annual rates for GIC and SIC rise by almost a percentage point.
21 June 2022 • By Josh Needs
Regulation
Fast-food operator fined $204k for falsifying payslips
21 June 2022 • By Josh Needs
Tax
80¢-an-hour WFH shortcut ends in July
21 June 2022 • By Philip King
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Technology
Dodgy email attacks up more than 80%
Many scams target finance execs in smaller businesses.
20 June 2022 • By Philip King
Tax
Deadline looms for change to profit split rules
Redirected income in professional services firms will come under increasing scrutiny.
20 June 2022 • By Philip King
Regulation
ATO-led taskforce executes 19 warrants for GST fraud
Operation Protego makes a series of coordinated nationwide raids in GST crackdown.
20 June 2022 • By Josh Needs
Regulation
Two businesses face fines for short-changing workers
The FWO seeks thousands in penalties and back pay.
20 June 2022 • By Josh Needs
Business
Australian Accounting Awards 2022 winners revealed
Accountants Daily is thrilled to announce the winners of the 2022 Australian Accounting Awards.
19 June 2022 • By Malavika Santhebennur
Super
Make investments for art’s sake
It’s time to change the restrictive rules governing super and artworks.
17 June 2022 • By Michael Fox
Super
SMSF assets jump 12% to $892bn
Value climbs ahead of member numbers, although most funds still shun advice.
17 June 2022 • By Miranda Brownlee
Business
Skill drought forces accountancy to trial four-day week
The practice hopes the scheme will help it retain staff and attract recruits.
17 June 2022 • By Josh Needs
Business
One organisation, too many finance departments?
Standardising back-end processes allows tighter intercompany accounting and boosts cash flow.
17 June 2022 • By Claudia Pirko
Tax
ATO begins online client linking
The system aims to reduce the risk of unauthorised access to taxpayers’ online accounts.
17 June 2022 • By Josh Needs
Business
Troubled SMEs ‘nowhere to turn’ when pandemic loan scheme ends
Without government guarantees, credit-impaired businesses will struggle to find finance, says one specialist lender.
16 June 2022 • By Philip King
Regulation
‘Broken’ advice system needs accountants to fill gap
Urgent reform must address cost and accessibility, says CA ANZ submission to review.
16 June 2022 • By Philip King
Tax
Two-thirds of business leaders don’t understand their tax return
They struggle especially with a range of everyday tax concepts and most rely heavily on accountants.
16 June 2022 • By Josh Needs
Appointments
BGL appoints Simple Fund 360 connected services manager
“Valued team member” promoted after nine years with the company.
16 June 2022 • By Josh Needs
Tax
Be wary of trust disclaimers, ATO warns
Beneficiaries are urged to understand the tax effect of entitlements in the wake of a recent High Court decision.
15 June 2022 • By Philip King
Appointments
The skill drought dilemma: Pay up, or lose staff
Tax practices will raise wages despite the challenge of inflation because they have little choice, says CPA Australia.
15 June 2022 • By Philip King
Regulation
FWO secures over $38k in penalties against two Melbourne businesses
Two Melbourne businesses have had penalty notices imposed in court and been ordered to back-pay their employees after...
15 June 2022 • By Josh Needs