According to the Corporate Tax Transparency report for 2020-21 issued by the Australian Tax Office (ATO), corporate entities paid an impressive $68.6 billion in income tax. This is $11.4 billion more than was recorded in the previous financial year and the highest-ever tax collection. The report found that this record-high…

The Australian Bureau of Statistics (ABS) has announced that consumer prices rose by 1.8% during the September quarter, resulting in inflation reaching a 32-year high of 7.3%. This rise is much faster than had been anticipated for the third quarter and has raised fears that the Reserve Bank of Australia…

It is becoming increasingly apparent that it is no longer a case of if, but when you may become a victim of cybercrime. Close to 10 million individuals around Australia have been impacted by the recent Optus data leak.  It’s a demonstration of how a data breach can happen so suddenly…

A recent senate inquiry found that the country was grappling with a serious problem of unlawful non- and underpayment of employee remuneration by employers. The senate committee termed the situation as “systemic, sustained and shameful”. During the recently held Jobs and Skills Summit, the federal government reaffirmed its commitment to…

Australia is facing a skills shortage as the number of vacancies in the accounting sector continues to grow. There are currently an estimated 9,000 vacancies for accountants, with thousands more of a shortage in other sectors including nursing, disability care, and retail. Overall, employers are struggling to find suitable workers…