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News
Advocacy group pushes for tax changes to improve worker shortages
The Institute of Public Affairs has called for the pension work bonus to be expanded with ABS figures indicating that job vacancies remain high.
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CFOs pay 30% premium for financial analysts, planners
A shortage of skills in a range of specialties like reporting, modelling and project management has employers upping salaries to land candidates.
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CPI result encouraging, but fight far from over: Treasurer
ABS data shows annual inflation fell to its lowest level in almost two years last November.
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RSM adds partners, principals to accelerate growth plans
The appointments bring the firm’s total partners to 139 and headcount to over 1,800.
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November CPI falls to 2-year low
The latest ABS data shows a further slowdown in inflation, helped by a five-month low in oil prices.
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Black Friday drives November retail sales to record $36.5bn
ABS data shows a 2 per cent jump as shoppers snapped up discounted discretionary goods.
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HLB Mann Judd to explore AI potential for small firms
The future rollout of Microsoft Office 365 to small and medium firms could see a significant acceleration in the use of AI, according to HLB Mann Judd.
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Taxes, cash flow top small business worries
Owners face an operating environment “tougher than ever before”, a recent survey finds.
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Cyber risks, talent the top issues for business in 2024: KPMG
Business leaders are the most concerned about cyber risks and issues around recruitment and staff retention for the year ahead, a KPMG report reveals.
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Complaints to AFCA rise 23% to hit record, scam issues double
The financial complaints body handled more than 100,000 issues last year and says increases have become “unsustainable”.
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Crucial deadline looms for foreign owners of Victorian property
Foreign purchasers of real estate in Victoria may need to make important notifications by mid-January where their property is vacant, cautions HLB Mann Judd.
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CFS flags planning opportunities ahead of stage 3 tax cuts
Accountants should start thinking about potential opportunities for clients ahead of the stage three tax cuts on 1 July this year, says CFS.
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Productivity turnaround ‘halts post-COVID freefall’
However, further reforms are needed to achieve sustainable, long-term growth, the Productivity Commission says.
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Workers accrue record 200 million days of annual leave
Travel restrictions during the pandemic and an expanding workforce add up to a bigger holiday bank than ever, Roy Morgan finds.
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Fraudster behind ‘ruinous’ $521k SMSF swindle gets 4 years’ jail
Mudasir Mohammed Naseeruddin took advantage of vulnerable investors over five years through a “chaotic” and “ruinous” scheme for his own benefit.
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Insolvency data reveals ‘COVID lag’ impact on SMEs
ASIC says its FY23 statistics show many small businesses, particularly in construction, failed to recover from the pandemic.
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Former liquidator pleads guilty to siphoning $2.5m
The administrator of five troubled companies transferred money to his business and for personal use, court hears.
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St Vincent’s back pays staff $4.4m after ‘payroll errors’
The health business self-reported to the FWO after discovering underpayments to around 2,700 staff.
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AFP distributes decryption key to thwart Russian cyber crims
Ransomware group BlackCat has targeted dozens of local operations but the FBI came up with a fix, the AFP says.
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Commissioner’s remedial power ‘underused, invisible’
Complex tax law throws up unintended consequences but few people know about the power devised to solve the problem, the IGTO says.
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