Business

Federal Court imposes $40k fine on unregistered tax agent

An unregistered tax agent that had over 500 clients on her books has now been fined $40,000 by the Federal Court.

05 November 2020

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Business

RBA hands down rate decision on Cup Day

The Reserve Bank of Australia has announced its decision on the official interest rate this month, following...

03 November 2020 • By Jotham Lian

Business

Red flags raised with wholesale clients and FASEA ethics code

SMSF professionals will need to carefully consider which clients they categorise as wholesale clients following the...

30 October 2020 • By Emma Musgrave

Business

SMSF spruiker found guilty of defrauding over $345k

A Queensland-based businessman has been found guilty of defrauding more than $345,000 from self-managed super fund...

30 October 2020 • By Emma Musgrave

Business

RBA hints at end of recession, CPI lifts

Australia could be out of the first recession it has had in almost 30 years, says the Reserve Bank.

28 October 2020 • By Jotham Lian

Business

JobMaker ‘highly discriminative’ to small businesses, sole traders: IPA

The strict eligibility criteria for the JobMaker hiring credit, including the need to report through Single Touch...

27 October 2020

Business

Federal Court orders wind-up of unlicensed SMSF firms

The Federal Court has ordered the wind-up of two unlicensed financial services businesses which ASIC alleges provided...

27 October 2020

Business

CPA Australia’s outgoing president reflects on term

CPA Australia’s immediate past president, Peter Wilson, has assured members that the board will continue to build on...

26 October 2020 • By Jotham Lian

Business

Businesses push for reopening as Victoria records no new coronavirus cases

Melbourne businesses are waiting on a reopening announcement today with bated breath as the state records no new cases...

26 October 2020

Business

ASIC paid KPMG $118k for chair’s personal tax affairs

The corporate regulator paid KPMG over $118,000 for personal tax advice provided to chair James Shipton to help him...

23 October 2020

Business

CPAs give government pandemic response tick of approval

CPA members have largely approved of the federal government’s public health response to COVID-19 but have now called...

23 October 2020 • By Jotham Lian

Business

1 in 5 businesses seeking credit as revenues stabilise: ABS

Around a third of businesses believe they have enough cash on hand to sustain operations for less than three months,...

23 October 2020

Super

ASIC concedes failure of early super SOA relief

The regulator has conceded its SOA relief around the early super scheme did little to help with the provision of...

23 October 2020

Business

Small-business lending going swimmingly, says ABA

Flow of credit to small and medium businesses continues to remain strong, with $41 billion in loans approved since...

20 October 2020

Regulation

TPB eyes sanction spike through joint ATO compliance program

Tax practitioner compliance actions are set to rise over the next 12 months as the Tax Practitioners Board and the ATO...

20 October 2020

Business

Taxpayers warned on latest TFN scam

A consumer watchdog has warned Australians to be vigilant against the latest phone scam.

20 October 2020

Business

Accountants at risk under responsible lending reforms

Accountants could be pressured into verifying their clients’ ability to repay a loan under the government’s plan to...

19 October 2020

Business

Accountants increasingly exposed to bad debts, says insolvency regulator

Accounting firms are increasingly at risk of being owed bad debts by business clients who go under, the Australian...

14 October 2020