News
Directors’ obligations post-pandemic
2020 has proven to be a whirlwind for Australian businesses, with many struggling to cope with the financial implications and fallout of COVID-19, shining a spotlight on ...
Will 2021 be another big year for the accounting profession?
Tax Practitioners Board member Debra Anderson joins host Jotham Lian in this first episode for 2021 to take a closer look at the year that’s been and what’s in store ...
ATO tipped to be ‘unshackled’ in 2021
The ATO has been tipped to devote more resources to its audit and debt collections teams over the coming months as the government looks to make up for lost ground in 2021...
Illegal phoenix activity sees Victorian director disqualified
A Victorian director accused of engaging in illegal phoenix activity has now been disqualified from managing corporations for four years.
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Ombudsman pushes for HECS-style loans for small businesses
The small business ombudsman has called for the government to introduce a revenue-contingent loan program to help cash-strapped businesses weather tight cash flows.
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Pooling arrangements ‘no holy grail’ for auditor independence
SMSF firms planning to enter pooled auditing arrangements have been warned that these arrangements, particularly larger ones, may be considered to be a network, exposing ...
‘No demand shortage’: Predictions for the profession in 2021
Accounting professionals are likely to remain in hot demand over the coming year as they continue to play a pivotal role in shaping the journey towards the nation’s eco...
TPB issues reminder over PI insurance
The Tax Practitioners Board is set to contact practitioners who have not updated their professional indemnity insurance details, following several law changes that kicked...
ATO provides update on timeline for auditor independence guidance
The ATO plans to publish detailed guidance on the independence standards impacting in-house audits and its compliance approach in March, in lieu of writing to audit firms...
Liquidator sees registration suspended after AAT review
A registered liquidator has succeeded in reducing his banning order following a review by the Administrative Appeals Tribunal.
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