The doctor is in: Australia’s ten highest-paid occupations revealed in ATO data
Medical professionals dominate the list of Australia's top-earning occupations, with the nation's top taxpayers clustered in New South Wales' most exclusive suburbs, new Australian Taxation Office (ATO) data reveals.
“I can’t see them reopening”: How small businesses are responding to yet another cash rate hike
With all signs pointing to an economic cool-down and further drops in consumer spending, the June rate hike is likely to rattle SMEs running out of expenses to cut.
“Caught in the middle”: NSW farmers anxious for deliveries as asset write-off deadline approaches
Farmers say the federal government's refusal to extend the deadline for the instant asset write-off will leave them short-changed.
Tax penalty amnesty: ATO urges small businesses to confess their late debts and avoid hefty fines
The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.
‘Tell the full story’: ASIC sounds alarm on companies’ financial statements amid heightened scrutiny
ASIC has warned directors and auditors it will be drilling down into how complete a “story” companies are telling in their narrative disclosures in financial statements this year.
Peak accounting group proposes $250,000 maximum fines for members breaching the rules
Accounting firms that breach industry standards could face a five-fold increase in maximum fines, under a suite of reforms floated by leading industry body Chartered Accountants Australia and New Zealand (CA ANZ).
ATO court actions hit pre-COVID levels as the tax office chases businesses and individuals for outstanding payments
The number of court actions filed by the ATO has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the "last olive branch" extended to firms with outstanding debts.
Chequeing out: Chalmers to phase out BSB and cheque payments, give RBA more regulatory power
Jim Chalmers is set to announce the phasing out of cheques and BSB payments, as well as push for more RBA regulation of digital wallets.
Senate committee recommends tough rules for disqualified tax agents to return to work
Tough rules to make it harder for defrocked tax agents to find work in a tax advisory practice should pass the Senate unamended, according to an economics committee report.
Australia’s inflation crisis is far from over, data shows
Data shows the end of inflation will be slower and more fitful than hoped, and the price of fighting it will be higher.
Explained: After PwC, how does the tax office penalise tax agents who flout the rules?
The Tax Practitioners Board has been in the spotlight because of the role it played in disciplining Peter Collins, a former PwC partner, and his old firm for a breach of a confidentiality agreement.
Dairy-free yoghurt brand Coco Tribe follows Made by Cow into voluntary administration
A premium coconut yoghurt brand stocked in hundreds of grocery stores across the country has collapsed into voluntary administration.
