Business

End of JobKeeper unlikely to slow employment growth: RBA

In its quarterly monetary policy update, the Reserve Bank of Australia said it expects the economic fallout from...

10 May 2021 • By John Buckley

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Business

SMEs call for red tape and tax cuts ahead of federal budget

While most small business owners are optimistic for future trading conditions, many of them believe next week’s...

05 May 2021 • By John Buckley

Business

Government flags further insolvency reforms

Small businesses that operate through a trust will now be considered for further protection, as the government mulls...

04 May 2021 • By Jotham Lian

Business

Businesses feeling ‘adverse’ impacts of COVID-safe measures: ABS

While less than two out of 10 businesses are recording a dip in revenue, nearly two-thirds of them are still feeling...

03 May 2021

Business

ATO, TPB unveil new client verification standard

Tax practitioners will soon be required to sight two separate proof of identity documents when onboarding new clients...

30 April 2021 • By Jotham Lian

Tax

Tribunal overturns tax agent’s 5-year ban, laments ‘regrettable’ TPB...

The Administrative Appeals Tribunal has overturned a five-year registration ban imposed on an Adelaide tax agent after...

29 April 2021

Business

Pandemic toil sees accountants earn small business $45.3bn

In the face of the pandemic, Australia’s small business sector turned to accountants and bookkeepers for reassurance —...

29 April 2021

Business

SMEs considering non-bank financing options at new high: Scotpac

Despite government stimulus introduced to encourage bank borrowing among SMEs, business owners are turning away from...

29 April 2021 • By John Buckley

Business

Victorian ombudsman finds 12,000 businesses ‘unfairly denied’ COVID-19 grants

About 12,000 Victorian businesses could now be eligible for retrospective COVID-19 grants of up to $10,000 after the...

28 April 2021 • By John Buckley

Business

Personal insolvency regulator sends independence warning to practitioners

Insolvency practitioners have been urged to steer clear of dual appointments, contentious referral relationships and...

28 April 2021 • By Jotham Lian

Business

WA woman faces jail term over early access to super fraud

A Western Australian woman now faces 31 counts of fraud after allegedly submitting multiple false claims on behalf of...

27 April 2021 • By Jotham Lian

Business

WA man charged over $2.57m tax evasion, ATO impersonation

A Perth man could face up to 22 years in jail for impersonating an ATO officer and failing to declare $7 million in...

26 April 2021 • By Jotham Lian

Business

KPMG confirms 4% pandemic bonus

KPMG has now confirmed that staff will receive a one-off “thank-you payment” worth 4 per cent of their annual salary.

22 April 2021

Business

Early access to super used to pay mortgages, credit cards, bills

New data shows that nearly a third of those who applied for early access to their superannuation as a result of...

22 April 2021

Regulation

Illegal early access scheme operator pleads guilty

A financial adviser who operated a scheme providing illegal early access to superannuation funds for his clients has...

22 April 2021 • By Jotham Lian

Business

Morrison reveals deregulation plan to save businesses $430m

In the lead-up to the federal budget, the Prime Minister has announced his government will spend $120 million on...

21 April 2021

Tax

Government reveals new disciplinary regime for tax financial advisers

Practitioners providing tax financial advice will no longer need to be registered with the Tax Practitioners Board...

20 April 2021 • By Jotham Lian

Business

Tribunal upholds agent’s registration termination for ‘grossly’ misapplying...

A tax agent who amended tax returns without consulting his clients, failed to pay personal tax debts and misled...

19 April 2021