Technology

Australian businesses lose $227m in payment redirection scams

Small and microbusinesses were the hardest hit according to the ACCC report.
11 July 2022 • By Keeli Cambourne

more from tag

Firms ‘own worst enemies’ when it comes to change
Business

Firms ‘own worst enemies’ when it comes to change

COVID put a rocket into technological adoption among accountants but too many practices are their own worst enemies...
08 July 2022 • By Philip King
Robyn Jacobson
Tax

Why your firm is now a risky business

Professional practices – accountants, engineers, lawyers and more – need to self-assess their risk profile under...
08 July 2022 • By Robyn Jacobson
Fair Work Ombudsman
Regulation

Employees back-paid $17m by a community health organisation

It has now entered into an enforceable undertaking with the FWO.
08 July 2022 • By Josh Needs
ATO
Tax

ATO casts net wide when it comes to taxable business income

Commissions, investment earnings, gratuities and more must be included to be assessed, the office warns.
08 July 2022 • By Josh Needs
Appointments

ESV Business Advice and Accounting appoints three additional directors

The promotions reflect the business developing homegrown talent, says senior partner.
08 July 2022 • By Josh Needs
Business

Investor confidence plunges below pandemic levels

Global conflict, inflation and supply chain issues combine to spook sharemarkets.
08 July 2022 • By Philip King
John Marcarian
Tax

What to tell your foreign worker about tax

If you plan to bring overseas employees to Australia, there are crucial tax and residency issues.
08 July 2022 • By John Marcarian
Patrick Coghlan
Technology

CreditorWatch earns ISO security sign-off

Global standards body certifies the reporting agency’s data and cloud systems.
07 July 2022 • By Philip King
FWO
Regulation

FWO secures $355k in penalties against Brisbane sushi restaurant

Landmark fine imposed for underpaying staff and falsifying records.
07 July 2022 • By Josh Needs
Kylee Smith and Jennifer Veitch
Appointments

Pilot Partners promotes two associate directors

The company now has another partner in each of its taxation team and forensic teams.
07 July 2022 • By Josh Needs
ATO
Tax

Former ATO staffer charged for accepting $150k bribe

A taxpayer allegedly paid the Tax Office employee to reduce $6 million in personal and business debts.
07 July 2022 • By Josh Needs
Tony Greco
Business

Collaterally damaged businesses ‘need safe harbour spot’

Tax provisions for businesses hit by natural disasters should be extended, says IPA.
06 July 2022 • By Philip King
ATO
Tax

How to change loss carry back choice

The ATO has outlined how to make alterations to the relevant year.
06 July 2022 • By Josh Needs
Philip Lowe
Business

RBA rate raises ‘will need to keep going’

Further increases are highly likely, says CreditorWatch economist.
06 July 2022 • By Josh Needs
Christina Manfre and Kym Reilly
Appointments

PKF names a raft of partners

Five advance ahead of company-wide promotions next month.
06 July 2022 • By Philip King
RBA
Business

RBA raises rates by 50 bps to 1.35%

The RBA has once again risen rates in an effort to slow inflation.
05 July 2022 • By Josh Needs
ATO
Tax

ATO awards itself green ticks for performance

Self-imposed targets suggest an overall pass mark, although on some metrics it has gone backwards.
05 July 2022 • By Philip King