Business

Australia’s recession ‘technically over’, says Frydenberg

Treasurer Josh Frydenberg says the latest national account figures should give Australians “optimism and hope”, as...

02 December 2020 • By Jotham Lian

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Tax

Government to distance Tax Practitioners Board from ATO

The Tax Practitioners Board is set to become independent of the ATO as the government agrees in principle to...

27 November 2020 • By Jotham Lian

Business

Permanent disbarment, new ATO penalty regime recommended by TPB review

Heavy sanctions, including permanent disbarment by the Tax Practitioners Board and a new ATO administrative penalty...

27 November 2020 • By Jemelle Blanco

Business

SMSF property spruiker sentenced to jail

A former Queensland property developer has been sentenced to five years’ imprisonment after being found guilty of six...

27 November 2020

Business

$3m in wages: WA meat worker jailed over tax fraud

A wildly ambitious attempt to fraudulently obtain tax refunds by claiming to earn more than $3 million in salary as a...

26 November 2020

Tax

Barriers to tax and financial advice costing economy $630bn: CPA Australia

The economy could be better off by over $630 billion each year if every Australian accessed professional taxation and...

25 November 2020 • By Jotham Lian

Business

Government mulls mandatory e-invoicing adoption for all businesses

e-invoicing could soon be mandatory for all businesses as the government ponders over the best way to roll out the new...

25 November 2020 • By Jotham Lian

Business

Lessons from the GFC: RBA cautions against ‘removing stimulus too early’

The Reserve Bank has warned the government against reducing support for the economy too soon, with Australia’s...

25 November 2020 • By Jotham Lian

Business

Accountants business funding guide gets COVID update

Accountants will now have access to an updated Business Funding Guide developed by the Australian Small Business and...

25 November 2020

Business

$5m GST fraud sees conspirator jailed

A Melbourne man who attempted to fraudulently obtain over $5 million in GST refunds has now been sentenced to five...

24 November 2020

Business

Retirement Income Review highlights ‘inequity’ issues with tax concessions,...

While the Retirement Income Review concluded that Australia’s retirement income system is effective, sound and broadly...

23 November 2020

Business

Business revenues up, confidence rises: ABS

Close to one in four businesses saw revenues rise in November as business confidence picks up ahead of Christmas.

23 November 2020

Regulation

ATO braces for flood of unscrupulous advisers

A spike in unqualified advisers approaching distressed clients amid the pandemic-induced recession has been...

19 November 2020

Business

Deloitte repays pandemic pay cuts

Deloitte will repay partners and staff up to six weeks of COVID-related pay cuts after posting better-than-expected...

18 November 2020

Business

ATO thanks accountants, foreshadows busy 2021

The ATO has heaped praise on accountants and bookkeepers for supporting their clients through the pandemic as it...

16 November 2020

Business

Victoria launches small business digital rebate

Victorian businesses will now have access to a $1,200 rebate to put towards adopting new digital products, including...

16 November 2020

Business

Small business insolvency reforms land in Parliament

Legislation setting out reforms to Australia’s insolvency framework has now been introduced into Parliament.

13 November 2020

Business

Government strikes deal to outlaw unfair contract terms

The government is set to outlaw unfair contract terms for small businesses after finding that current protections...

10 November 2020 • By Jotham Lian