AI auditors let the ATO find millions in unpaid tax and super
Natural language AI models have helped the ATO find hundreds of millions of liabilities and pinpoint organisations that may not be paying employees enough super.
Source: afr.com
Phoenix Taskforce News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Phoenix Taskforce. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Phoenix Taskforce Today - Breaking & Trending Today
ATO taskforce recovers billions from big business tax avoiders
The ATO's Tax Avoidance Taskforce helped generate an additional $7.6 billion in revenue during the 2022-23 financial year.
Source: smartcompany.com.au
Underpayment and exploitation rife: Grattan Institute calls for better protections for migrant workers in Australia
The Grattan Institute says up to 16 per cent of recent migrants are paid less than the minimum wage and is calling for bigger fines for employers who underpay workers.
Source: afr.com
Directors cop maximum ban for failed companies with $8.5m debt
Phoenix activity and improper behaviour involving multiple company failures results in five year disqualifications for two directors. ASIC has disqualified two former – unrelated – directors fo
Source: accountantsdaily.com.au
Regulator bans two directors for over $10m debt, multiple failures
Between them the two were involved in seven failed companies and the one involved in phoenix activity gets maximum ban. ASIC has disqualified two unrelated directors with a combined total of seven fa
Source: accountantsdaily.com.au