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

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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

Business

FSC pushes for financial advice reform

The Financial Services Council (FSC) is hoping to drive a massive simplification of advice in order to prevent it from...

19 April 2021 • By Lachlan Maddock

Regulation

Director ID regime takes shape as ATO assumes new registrar role

ASIC staff will begin moving to the ATO as the government prepares for the imminent rollout of the new director...

14 April 2021 • By Jotham Lian

Business

ASIC winds up companies behind SMSF scam

The corporate regulator has taken action to wind up the companies behind an SMSF scam that obtained millions in...

14 April 2021

Regulation

Credit enquiries reach 18-month high as conditions normalise

Enquiries related to credit options reached 18-month highs in March, signalling improved business conditions as...

14 April 2021

Business

Business conditions surge to record high in March: NAB

NAB’s monthly business survey reported the best operating conditions on record, despite business confidence dipping in...

14 April 2021 • By John Buckley

Super

SMSF auditor number misuse sees tax agent convicted

A New South Wales tax practitioner who falsely lodged self-managed superannuation fund annual returns before audits...

12 April 2021

Business

Cash-skimming businessman sees penalty appeal rejected

A businessman who skimmed money off his three businesses to reduce his taxable income has had his appeal against ATO...

09 April 2021

Business

Corporate and domestic travel key to tourism recovery: Deloitte

Amid continued uncertainty surrounding international travel restrictions, the tourism sector’s recovery will heavily...

09 April 2021