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Do your homework to avoid ‘culture tax’, accountants told
To gain the trust of clients from diverse backgrounds it makes sense to educate yourself about them, says a change specialist.
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DSS launches ‘first cloud-based platform’ to simplify client billing
The product caters for accountants and other professional services workers who struggle with tracking tedious disbursement expenses.
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ATO raises $973m in SG charge liabilities in FY23
The ATO finalised around 14,000 SG cases during the year, with around 90 per cent initiated by employees, compliance figures show.
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RBA move a ‘kick in the guts’, but few surprised
With Christmas approaching, small business and mortgage holders can look forward to “the type of pain that high interest rates have caused in the past”.
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Small business recoils from cost of cyber security
The main barrier to more secure digital systems is price, a Mastercard survey finds, and raising revenue has become a higher priority.
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RBA reveals interest rate decision for Cup Day
The Reserve Bank of Australia has announced its cash rate decision following higher than expected inflation figures for last quarter.
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First Women in Finance Summit sells out
Hundreds will gather for the inaugural event this Friday to listen to a range of speakers from across the profession.
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Gippsland restaurant fined $4k for breaking child work laws
A community tip-off to the Wage Inspectorate triggered an investigation but the food outlet continued to employ under-15s without a licence.
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Next 5,000 review finds tax errors, poor record keeping
The ATO says a lack of documentation leads to issues over intra-group transactions and trust distributions.
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Seamlss adds client-linking feature to onboarding software
Next week’s rollout of the ATO’s revised requirements takes in all businesses with an ABN except sole traders.
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Airwallex launches interest-bearing greenback account
In a claimed first for Australia, US dollar balances in Yield earn interest at “double the rates of the big banks”.
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Joint bodies reject ‘two-tier’ approach to NALE reforms
The government has been told to scrap its amendments to the non-arm’s length expense rules with industry associations raising concerns about the creation of a dual tax ...
Tread warily ‘or risk fallout’ with clients in distress
Accountants can become collateral damage when a business runs into trouble if they fail to avoid the pitfalls, insolvency specialist warns.
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QAR ‘will fail to make financial advice affordable for most’
The licensing regime looks certain to remain out of sync with people’s guidance needs, says fintech chief.
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Accountants ‘should cull one-third of their clients every year’
Problematic clients take accounting firms for granted and are a waste of resources, says one consultant.
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‘Scale your impact’, says female executive
Women in leadership roles must scale their impact by mobilising their team to create value for their organisation, according to an executive.
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Acquisition-hungry Count buys Canberra accounting boutique
The firm’s latest deal adds over 700 clients to its existing 39,000-strong base.
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Property developer cops ban for 5 failed companies owing $12m
Canberra director disqualified for two years by ASIC for hands-off approach to management, lack of care and diligence.
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Payday super will punish small business, says NTAA
Phase in the start date or give companies with less than $5 million turnover a waiver, urges the lobby group.
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COSBOA board adds diverse experience with 2 appointments
The nine-member leadership group is ideal to tackle challenges facing the small business sector, the body says.
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