Business

SMSF scheme promoter slapped with $220k fine, banning

The operator of an SMSF scheme facilitating the early release of super has been banned from setting up self-managed...

11 December 2019 • By Sarah Kendell

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Business

Former credit union boss faces criminal charges

A former credit union chief executive has now been hit with criminal charges after the corporate regulator alleged...

04 December 2019

Regulation

‘No plan B’: IPA takes compensation fight to government

The Institute of Public Accountants will now take its fight for tax agent compensation for ATO system outages directly...

03 December 2019 • By Jotham Lian

Tax

Assistant Treasurer puts ATO on notice over tax profession interaction

The Assistant Treasurer has vowed to improve the way the ATO interacts with tax agents and ensure that due respect is...

02 December 2019

Regulation

Bunnings goes above requirements in payroll redress

Hardware retailer Bunnings has revealed that its payroll blunder resulted in super underpayments totalling $3.8...

02 December 2019

Business

‘Show respect to tax agents’: Cultural change demanded at the ATO

A professional accounting body believes a structural rethink at the ATO will help spur a change in culture that will...

29 November 2019

Business

Sydney liquidator sanctioned by disciplinary committee

A founding partner of a Sydney insolvency firm will now have conditions imposed on his liquidator registration after...

29 November 2019

Business

Major banks tip $400m into Business Growth Fund

The federal government’s planned Business Growth Fund has received a boost, with the big four banks each committing...

27 November 2019 • By Jotham Lian

Business

Surge in complaints frustrates ATO’s performance target

A spike in complaints from employees about their employer not meeting their superannuation obligations has seen the...

27 November 2019

Business

Business confidence ‘largely positive’ despite concerns

Business leaders continue to be fairly confident about the future, despite global and local geopolitical and economic...

26 November 2019

Regulation

‘PDF is not e-invoicing’: ATO explains new payment experience

The ATO is currently working on rolling out e-invoicing for Australian businesses, with the marketed benefits of cost...

25 November 2019

Business

ATO turns to accountants as 9 out of 10 small businesses experience cash flow...

With nine out of 10 small businesses experiencing cash flow issues over the past year, the Tax Office is calling on...

25 November 2019

Business

Are federal policies working against small businesses?

Despite their ventures being the backbone of the Australian economy, small and medium business owners believe the...

22 November 2019 • By Cameron Micallef

Business

PwC estimates $1.35bn in wage underpayments annually

Australian workers could be collectively underpaid to the tune of $1.35 billion each year, as a new PwC report calls...

21 November 2019

Regulation

AAT reduces agent’s registration disbarment period

A former Sydney tax agent, who failed to comply with his personal tax and business obligations, has succeeded in...

19 November 2019

Business

Unregistered preparer obtained $110k using myGov access

An unregistered tax preparer who fraudulently obtained close to $110,000 in refunds by using taxpayers’ personal myGov...

15 November 2019

Regulation

Franchise feedback sought as reform looms

Accountants and their small business clients have been urged to give feedback on the franchising sector as the...

13 November 2019

Super

Industry split on best way forward for SMSF advice

A large proportion of SMSF professionals would still like to see the accountants’ exemption returned, but the industry...

11 November 2019 • By Sarah Kendell