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New client verification standards require education: IPA The ATO and the Tax Practitioners Board should educate practitioners on their new client verification obligations before mandatory standards are enforced, says one peak a...
‘Wikipedia for auditors’: AUASB launches interactive portal The Australian Auditing and Assurance Standards Board has launched its first fully interactive website, in a move described as a “game changer” for the audit professi...
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‘A warning to employers’: Victorian wage theft laws commence 1 July Accountants should remind their business clients to proactively assess whether they’re paying their employees correctly, as the Andrews government ushers in a suite of ...
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Business equipment spending surged in May: CBA Australian business investment in equipment and machinery was up by 21 per cent in May, compared with the same period last year. Write comment (1 Comment) ...
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‘Inevitable ATO scrutiny’: Chartered accountant denied cash flow boost An experienced chartered accountant who paid himself one week’s wage of $107,500 has been denied the COVID-19 cash flow boost after it was determined he entered into a ...
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Victoria’s 4th lockdown rattles consumer confidence: Westpac Consumer confidence has now fallen by 9.7 per cent over the last two months, with the largest dips recorded in Victoria and Western Australia, as house prices soar and Vi...
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Cash flow woes still troubling 3 out of 4 businesses Cash flow concerns continue to dominate the minds of small business owners despite a considerable drop in those reporting such issues, new research shows. Write c...
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SMEs begin to feel pre-pandemic business pressures: MYOB While small business owners remain positive about the year ahead, many have grown concerned over cash flow and the cost of utilities, as the number of those struggling to...
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Federal and state support packages criticised for leaving sole traders behind The $250 million Victorian business support package and federal COVID disaster payment announced last week have each attracted mounting criticism over eligibility criteri...
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Sydney tax agent axed over JobKeeper fraud A Sydney tax agent has been banned for the maximum five-year period after allegedly claiming over $500,000 in JobKeeper payments and BAS refunds on behalf of unwitting cl...
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Australians lose record $851m to scammers in 2020 Over $851 million was lost to scams last year — the biggest losses ever recorded in a single year — as scammers capitalised on the pandemic to defraud Australians. ...
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