Finance

A Queensland director has been unsuccessful in his bid to claim nearly $50,000 in business travel, accommodation, and food costs as income tax deductions because he didn't have the receipts.

Sydney 'cosmedical' pioneer Inskin Cosmedics has secured new investment from the Australian Business Growth Fund (ABGF), which has pledged to reinforce the venture's international growth and extend further support to women-led businesses.

Research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 billion.

Apart from the cash prize, the winner will also receive one-on-one mentorship for 12 months from fitness entrepreneur and KX Pilates founder Aaron Smith.

The ATO has issued a stern warning to businesses with big tax debts, saying it will disclose them to credit reporting agencies.

It's estimated workers were owed $3.4 billion worth of super in the 2019/20 financial year, according to the tax office.

Whole Kids, and its sister brands Offbeat and Just Add, have been acquired by the family-owned Tempo Group.

The Australian Taxation Office secured 174 criminal convictions for tax-related fraud in the last financial year, while the stunning trend of GST fraud popularised on social media suggests even more prosecutions are on the way.

If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.

Dozens of devastated farmers have laid bare their anguish after their properties were repossessed through alleged misconduct.

Infamous Swim has generated $16.5 million in revenue in the past 12 months and is projected to reach $18 million in revenue by 2024.

A new tip-off line will be set up for people to dob in "dodgy" training providers exploiting international students studying in Australia.