Business

ASIC offers red tape relief to companies in external administration

Extensions on financial reporting and annual general meetings have been afforded to companies in external...

07 October 2021

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Business

SME lending options on the rise, awareness lags: Productivity Commission

New lenders entering the SME lending market have opened the doors for small businesses seeking finance, but more must...

04 October 2021 • By Jotham Lian

Business

Small-business job growth tumbles to 10-month low

Weighed down by negative growth in NSW, jobs growth across the Australian small-business sector in August rose just...

04 October 2021

Business

Government to turn off business support at 80% vaccination rate

Businesses in NSW, Victoria and the ACT will soon see federal support wound back as soon as mid-October, after the...

30 September 2021 • By John Buckley

Business

Government unveils new regulations for incoming Better Advice Bill

The government has released new draft regulations and legislative material for consultation to support the incoming...

30 September 2021 • By Jotham Lian

Business

PwC probes ‘racist and offensive’ internal staff event

PwC chief executive Tom Seymour has apologised for “racist and offensive” behaviour by two human resource staff...

28 September 2021 • By Jotham Lian

Tax

Sydney tax agent disqualified over fraudulent cash-flow boost claim

A Sydney tax agent who falsified business activity statements to gain access to the cash-flow boost had had his...

28 September 2021 • By Jotham Lian

Business

ASIC releases new guidance on hawking reforms

ASIC has published updated regulatory guidance on the incoming reforms on the prohibition of hawking financial products.

27 September 2021

Business

ATO sets out recommended approach to legal privilege claims

The ATO’s recommended approach to making legal professional privilege claims has now been published, providing tax...

23 September 2021 • By Jotham Lian

Business

Business closures ‘inevitable’ as defaults rise

Accountants have been urged to broach the “taboo” subject of business closures with their clients as extended...

22 September 2021

Business

New casual employment laws to kick in with $66k penalties

Australian businesses with long-term casual staff could soon face fines in excess of $66,000 if they fail to offer...

22 September 2021

Tax

Rogue agent sees over 2,000 taxpayers impacted

Over 2,000 taxpayers in Western Australia who used an unregistered preparer to lodge their tax returns could now be...

21 September 2021

Business

‘Incredulous’: Service NSW confirms JobSaver fortnightly retest

Accountants and bookkeepers will be forced to reconfirm their clients’ eligibility for JobSaver and the Micro-Business...

20 September 2021 • By Jotham Lian

Business

Former SMSF adviser hit with permanent ban

A former Sydney financial adviser has been banned by ASIC after being sentenced for misappropriating almost $3 million...

20 September 2021

Business

CA ANZ ‘monitoring’ KPMG cheating fallout

KPMG Australia partners and staff implicated in its internal cheating saga could soon hear from Chartered Accountants...

17 September 2021 • By Jotham Lian

Business

ATO unfairly shut out late JobKeeper enrolments, says IGTO

The ATO failed to be “fair and reasonable” when considering late enrolments for the JobKeeper program, causing...

17 September 2021 • By Jotham Lian

Business

KPMG censured over ‘widespread’ internal test cheating

Widespread cheating during internal training tests at KPMG Australia has resulted in the firm parting ways with two...

15 September 2021

Business

Beauty business denied cash-flow boost

A franchise skincare and beauty salon has been denied the cash-flow boost after the Administrative Appeals Tribunal...

15 September 2021