Regulation

Plutus Payroll founder, principal conspirator heads to jail

The principal conspirator of the $105 million Plutus Payroll tax fraud syndicate has now been sentenced to seven and a...

31 July 2020

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Business

SMEs contemplate insolvency options as fears set in

More than 50 per cent of small- to medium-sized businesses are preparing to explore insolvency options over the next...

30 July 2020

Business

‘A poor example for other agents’: AAT affirms agent termination over personal...

A Darwin tax agent is set to lose his registration for failing to deal with his personal tax obligations after the...

29 July 2020

Business

Deregistered agent jailed for $200k tax fraud

A former BAS agent has now been sentenced to three years in jail for fraudulently obtaining close to $200,000 through...

27 July 2020

Business

COVID-19 ‘exacerbating’ exodus of advisers from industry

COVID-19 is speeding up the rate at which advisers are leaving the financial planning industry, which may present...

27 July 2020 • By Jotham Lian

Business

Increased SME borrowing a ‘green shoot’ for the economy, says ABA

Small businesses borrowed a further $2.2 billion in June, demonstrating “green shoots” in the economy, says the...

24 July 2020

Business

ASBFEO calls for accountant advice for struggling businesses

Australian small businesses facing significant financial stress should be provided with $5,000 worth of professional...

22 July 2020

Business

SME loan scheme extended, expanded

The Coronavirus SME Guarantee Scheme has now been extended to 30 June next year, to support a larger number of small...

20 July 2020

Business

Two-thirds of SMEs expect further economic decline; on-time payments to be...

The outlook among small businesses has taken a hit, with many expecting the economy to further decline in the next 12...

17 July 2020

Super

Gold Coast tax agent banned for systemic SMSF lodgement abuse

A Gold Coast tax agent who misused self-managed superannuation fund auditor numbers for over 170 returns has now been...

16 July 2020

Business

90,000 SMEs to benefit from new JobTrainer program

The government has announced a $2.5 billion JobTrainer program, giving 340,000 Australians the opportunity to retrain...

16 July 2020

Business

ASIC responds to unlicensed early super release advice

ASIC has received over 100 reports of misconduct from the public regarding the provision of unlicensed advice by real...

16 July 2020

Business

‘The world is getting smaller’: Global tax chiefs to focus on dodgy...

Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on...

15 July 2020

Business

4th Plutus Payroll conspirator sentenced to 4 years in jail

The fourth conspirator of the Plutus Payroll tax scandal has now been sentenced to four years in jail.

13 July 2020

Business

Fresh $534m support package for Victorian businesses

The Victorian government has announced new $5,000 grants for businesses impacted by the second round of restrictions...

10 July 2020

Business

A quarter of small businesses ‘would have struggled’ without accounting support

A new report has found one in four Australian small-business owners admitted they would have struggled to survive the...

09 July 2020

Business

Tax-dodging accounting company, directors cop maximum ban from TPB

A Victoria-based accounting firm and its three directors have had their tax agent registrations torn up and banned for...

08 July 2020

Business

COVID-19 tax return spruikers move into regulator’s sights

Unregistered agents spruiking large tax refunds in light of COVID-19 are now being targeted as part of the Tax...

07 July 2020