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NEED TO KNOW

Need to know

An STP data-matching initiative aims to improve the administration of welfare program Workforce Australia, with compliance action off the table for now.

Reckon has acquired Cashflow Manger and its 200,000 clients as part of a $8.75 million agreement with Money Management Group.

Better co-ordination between legal, financial and social services and increased awareness is critical to address financial abuse in the tax system, says CPA Australia.

Australian SMEs must “draw a line in the sand” against increased costs and complexities caused by recent industrial relations changes, according to the Council of Small Business Organisations Australia. ...

Some of the inconsistency and uncertainty surrounding Division 7A highlights the need for certain areas of tax law to be reviewed, says BDO.

Peter Amos plead guilty to misappropriating funds from five companies over a six-year period for his own benefit.

The professional body has urged the government to do more to encourage the adoption of AI by small businesses.

More support is needed to boost sales and match adoption rates of other developed nations, according to the peak industry body.

The retail and hospitality sectors are set to bounce back as the festive season kicks off, according to recent data from Employment Hero.

Tax professionals must ensure the security of their business premises, client information and digital resources over the holiday break, the Tax Office has warned.

The regulator will use all of its powers and engage the AFP to track down rogue practitioners, chairman Peter de Cure has said.

A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for third-party loans.