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19-year tax fraud probe ends in jail sentence for scheme promoter

19-year tax fraud probe ends in jail sentence for scheme promoter

by Maja Garaca Djurdjevic | Aug 17, 2020 | News

Philip Northam has been sentenced to six years jail in the District Court of Queensland, for his role as a a key promoter of an intricate tax evasion scheme that was designed to strip Australian companies of their assets and leave them in a position where they were...
Construction industry calls for new stimulus to back SMEs

Construction industry calls for new stimulus to back SMEs

by Maja Garaca Djurdjevic | Aug 16, 2020 | News

Master Builders Australia is calling for billions in stimulus measures in the October budget to support the building and construction industry through the devastating demand shock that is forecast to hit in 2020-21. “Our modelling suggests that an investment of $3.8...
A hefty price tag for small businesses complying with NSW Health COVID-19 restrictions

A hefty price tag for small businesses complying with NSW Health COVID-19 restrictions

by Shared by the ABC | Aug 16, 2020 | News

But being COVID-19 safe comes with a hefty price tag for small businesses, with some spending thousands of dollars to continue operating under mandatory NSW Health measures — even as profits shrink. Read more at the ABC.
Rent relief the biggest driver of SME financial assistance

Rent relief the biggest driver of SME financial assistance

by Shared by MyBusiness | Aug 16, 2020 | News

The Shopping Centre Council of Australia (SCCA) data found that 84 per cent of total SMEs requested rental assistance to the end of 30 June, with NSW and Victoria accounting for 64 per cent of total agreements reached. Read more MyBusiness.
ATO backflips on lodgement statistics concealment

ATO backflips on lodgement statistics concealment

by Shared by Accountants Daily | Aug 16, 2020 | News

Last month, Accountants Daily revealed that the ATO would no longer provide regular lodgement statistics updates, much to the dismay of the Tax Practitioners Stewardship Group, with one member labelling it as a “clear breach of the duty of transparency that the ATO...
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