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One in two firms pins productivity aspirations on AI
Tax firms are optimistic about how artificial intelligence can be used to bring about productivity improvements despite concerns about accuracy, a recent Thomson Reuters ...
Young entrepreneurs missing in action: ASBFEO
With the Intergenerational Report due today, the ombudsman finds the small business sector faces its own demographic challenges.
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Airwallex, ApprovalMax combine to speed batch payment processing
The two software companies extend their integration to Australia following the recent partnership announcement in the UK.
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‘Workers lose $850m a year to wage theft despite FWO’
Businesses habitually underpay workers and exploit the FWO’s limited resources, according to the McKell Institute.
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Xero to unveil raft of enhancements at flagship event
Product updates featuring AI will take centre stage at Xerocon in Sydney.
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‘Architect’ of $105m Plutus Payroll scam jailed for 15 years
Son of former ATO deputy and a key co-conspirator both given lengthy terms for tax fraud.
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Federal Court dismisses ASIC’s case against liquidator
A Gold Coast liquidator has won a four-year legal battle against the regulator with the Federal Court dismissing proceedings brought against him.
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Key business metrics take decisive turn for worse: CreditorWatch
Average invoice values have plummeted and the business failure rate is predicted to rise by almost a quarter.
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Small business restructuring scheme gains momentum: BDO
Small business restructuring appointments have seen a substantial increase in 2023 after a slow initial uptake.
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File contractor payments on time or raise a red flag, ATO warns
The Tax Office says it will penalise failure to meet the TPAR deadline and use data from the system to expose the shadow economy.
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Court action ‘now ATO’s first resort for non-compliant sole traders’
Thousands of sole traders unwittingly put their family assets at risk, warns Worrells principal.
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Grant Thornton bolsters tax group with 2 partners
Experts in indirect tax and data analytics bring valuable skills to the team, the firm says.
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Cyber breaches cast long shadow over Optus, Medibank
Roy Morgan’s latest data on brand trust reveals the lingering impact of compromised customer information.
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Labour shortages a ‘significant issue’ for 1-in-3 SMEs
Supply chain issues continue to ease for SMEs, but labour shortages remain a major problem for a third of businesses, recent NAB research shows.
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Prospa, Intuit among the nation’s best workplaces
The results, compiled from employee questionnaires, show the importance of office culture in retaining staff, says survey organiser Great Place to Work.
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Conflicts of interest, workloads put accountants in ethics spotlight
Common issues can be exacerbated by pressure to get the job done, say two specialists in the ethics of the profession.
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Sixth person charged over alleged $US100m investment scam
AFP claims international crime syndicate is using fraudulent bank accounts and crypto-currency.
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Taxpayers get refunds despite having debts on hold
ATO says “an issue” means the offsetting system is failing to pay down outstanding amounts.
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Task-focused firms ‘risk losing staff to rivals’
An unbalanced workplace culture fixated on results will be a handicap to employee retention, says one leadership consultant.
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Eftsure pioneers invoice authentication tool
The fintech start-up has built up a database of 4 million verified businesses, it says.
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