Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORE‘Incompetent’: Frydenberg attacked over jobkeeper after profit warnings from ATO revealed
Labor has attacked Josh Frydenberg over the handling of jobkeeper, after it emerged the federal treasurer was warned last year that 950 businesses on the scheme had made revenues during the pandemic that were “significantly” different from their projections.
The Australian Tax Office also warned Frydenberg in July 2020 that big businesses and tax agents were “amending” prior sales records to potentially help them qualify for wage subsidies during the pandemic. It wasn’t until October that the eligibility criteria was tightened.
Read more at The Guardian
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