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

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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

Business

Tribunal upholds agent’s registration termination over $860k tax debt

A tax agent who failed to pay more than $860,000 in personal tax liabilities has seen the TPB’s decision to terminate...

09 April 2021

Business

Accountant denied readmission to CA ANZ following sexual harassment

The Victorian Supreme Court has dismissed an accountant’s bid to be readmitted to Chartered Accountants Australia and...

07 April 2021 • By John Buckley

Tax

Chartered accountant among trio penalised $9.4m for promoting tax scheme

A chartered accountant, a lawyer and a financial planner have been ordered by the Federal Court to pay over $9.4...

07 April 2021

Business

KPMG shakes up retirement age policy

Partners at the firm have voted to sack the company’s expected retirement age of 58, effective 1 July.

01 April 2021

Business

Sydney accountant banned over ‘cavalier’ approach to personal tax obligations

A Sydney tax agent who repeatedly failed to lodge 102 business activity statements on time over a decade has had his...

31 March 2021

Business

ATO expected to ‘turn the tide’ on insolvencies

While the Tax Office, the Morrison government, and even the banks are more willing to support restructuring solutions...

31 March 2021 • By John Buckley

Business

Small business revenue bounces back to pre-pandemic levels

New data from Xero shows small businesses in February recorded their ninth consecutive month of revenue growth.

31 March 2021

Business

KPMG appoints new chief executive

The big four firm has announced the appointment of Andrew Yates as its new Australian CEO.

30 March 2021

Business

Small business still uncertain of recovery as JobKeeper ends

While business confidence has markedly improved, the end of JobKeeper will see many small businesses vexing over cash...

29 March 2021 • By John Buckley

Business

Businesses wean themselves off government support as conditions improve

New data from the Australian Bureau of Statistics shows businesses are confident they’ll be able to pay their bills as...

26 March 2021 • By John Buckley

Business

Treasury defends absence of JobKeeper clawback mechanism

The Senate economics committee has heard that while the Morrison government considered JobKeeper clawback measures, it...

25 March 2021 • By John Buckley

Business

UK’s audit reforms could be a ‘watershed moment’ for global markets

The UK’s proposed audit reforms could prove a pivotal moment for audit markets around the world, says one peak body.

23 March 2021