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Business
KPMG offers COVID-19 ‘thank-you payment’, repays portion of salary cuts
A stronger-than-expected first-half performance will see the big four firm return another portion of COVID-19 pay cuts...
25 February 2021
Business
ATO secures first criminal conviction for JobKeeper fraud
24 February 2021 • By John Buckley
Business
Insolvency regulator suspends ex-PPB partner’s trustee registration
23 February 2021 • By John Buckley
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Business
Businesses can’t force staff to be vaccinated: Fair Work
Employers will be unable to force staff to be vaccinated against COVID-19, as fresh guidance surfaces amid the rollout...
22 February 2021
Business
Tax agent terminated after trying to bribe client to withdraw complaint
The Tax Practitioners Board has terminated the registration of a company tax agent after the agent attempted to...
22 February 2021
Regulation
ATO sounds alert over new ‘alarming’ TFN scam
The Tax Office has issued a warning over a new tax file number scam that has seen nearly $120,000 being lost to...
22 February 2021
Business
Victoria rolls out cash grants for businesses affected by snap lockdown
More than 50,000 Victorian businesses are set to receive at least $2,000 in cash grants following the state’s most...
21 February 2021
Business
Only 5% of businesses still with deferred loans: ABA
The Australian Banking Association has announced that just 5 per cent of deferred business loans are yet to resume...
19 February 2021
Business
‘Businesses are being treated as an afterthought’: CPA Australia calls for...
Snap lockdowns will continue to wreak financial havoc for businesses all across Australia unless a national safety net...
18 February 2021 • By Jotham Lian
Business
Federal Court hands out highest-ever $22.68m penalty to tax exploitation...
A former tax agent and chartered accountant has been hit with $22.68 million in penalties after being found to have...
16 February 2021
Regulation
ATO yet to analyse profit-making companies on JobKeeper
The Tax Office is unlikely to review companies who have gone on to post large profits and paid out executive bonuses...
12 February 2021
Tax
Government issues alert as tax-scam calls spike
At least 200 scam calls impersonating the Tax Office were made this week, as scammers continue to demand money by...
12 February 2021 • By Jotham Lian
Business
Post-JobKeeper jitters hitting small-business owners: Survey
Small-business owners are beginning to worry about the end of JobKeeper in seven weeks, as the government continues to...
11 February 2021 • By Jemelle Blanco
Business
Tax agent who told ATO officer to commit ‘suicide’ disqualified
A tax agent who engaged in unprofessional and threatening conduct towards ATO and TPB officers has been denied a stay...
05 February 2021
Business
New credit reporting bill passes Parliament
Financial hardship information will soon feature on a person’s credit report, after new laws aimed at giving consumers...
05 February 2021
Business
Government mulls HECS-style business loans
A HECS-style loan scheme for businesses, currently being considered by the Treasury, would provide a lifeline for many...
05 February 2021 • By Jotham Lian
Business
Financial advisers push for ATO online access
Industry associations are urging the government to allow advisers access to the ATO’s online portal as part of the...
05 February 2021
Business
RBA backs JobKeeper end
Reserve Bank of Australia governor Philip Lowe has backed the government’s decision to let JobKeeper expire in March...
04 February 2021 • By Jotham Lian
Regulation
ATO opens claims for first JobMaker quarter
The first claim period for the JobMaker Hiring Credit scheme is now underway, with the ATO reminding employers that...
03 February 2021
Business
RBA makes first cash rate call of the year
The Reserve Bank of Australia has made its first call on the official cash rate for this year following its decision...
02 February 2021 • By Jotham Lian