Finance

The GST scam that went viral on TikTok continues to get worse as the ATO admits that it had to payout double what it initially reported.

Investment cons are responsible for around half of the $1 billion in total scam losses suffered by Australians each year.

Former Coles Online executive Aaron Baslangic, who stole $1.9 million from the retailer, has pleaded guilty to deception.

A company director will review the culture of embattled accounting firm PwC as the federal government works out how to deal with the consequences of the tax leak scandal.

Australian businesses reported an astonishing $23.2 million in scam losses across 2022, with new data from the ACCC showing small firms are persistently vulnerable to email compromise and false billing scams.

Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.

Professional accounting groups are optimistic the ATO will continue to refine its new tax agent-linking system, after industry representatives said its six-step registration process could pose a significant challenge to small business clients.

There are few fraud victims while markets are green, but during a global economic downturn, misdeeds and subterfuge rise to the surface.

The Australian fashion label is urging customers not to be fooled by illegitimate scam websites pretending to sell genuine Gorman products.

With Australians facing a hefty $4 billion scam bill this year, small businesses across the country are being urged to learn the tricks of the trade and arm themselves against scammers.

ASIC has revealed its enforcement priorities with suspicious crypto companies, investment scams and greenwashing at the top of its hit list.

The research found the largest amount stolen by an employee was $27.4 million, with six cases involving at least $10 million being misappropriated.