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‘Stark choice’ faces distressed SMEs: feed family or pay suppliers
Shrinking cash reserves and the impact of inflation mean many small businesses are confronting an impossible dilemma, says insolvency specialist.
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RSL LifeCare pays out $5m to short-changed staff
The aged care provider enters an enforceable undertaking after underpaying thousands of workers over more than a decade.
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Financial adviser jailed for swindling clients’ super accounts
Fake hardship and benefit claims backed up by false email addresses and phone impersonation netted $35,000.
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Brace yourselves for joyless Christmas, business warned
The latest data from CreditorWatch shows trade receivables and other key indicators going down, and a bleak outlook for next year.
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Economic headwinds shape opportunities for tech: Ignition
Efficiency and productivity will be key for many businesses, says regional chief.
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Technology, automation the answer to talent shortage: Class
Demand for accountants outstrips supply six to one, says the firm, but trust management systems can help some of the burden.
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Mental health ‘stigma’ means small business slow to seek help
More than one in four are diagnosed with an issue but almost half believe it counts against them, report finds.
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Director ID scheme fails to sign up 1 in 5
Extended deadline does little to encourage applications and ATO refuses to publish the final tally.
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Small business calls for overhaul of insolvency laws
ASBFEO says complex and expensive administration procedures fail small businesses facing crises they cannot control.
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Grant Thornton to trial 9-day fortnight in March
The current system is broken, CEO says, and a successful pilot would help reduce staff stress and attract recruits.
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PwC Australia offers athletes a head start in post-sport career
Six sportspeople, including a Commonwealth games silver medalist, will complete the inaugural 12-week course.
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Raids stop $33m in tax avoidance, ATO claims
Charges are pending following an operation with the Australian Federal Police (AFP) that uncovered 70 sales systems using suppression technology.
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100A ruling leaves trust decisions haunted by ‘uncertainty’
The ATO fails to resolve the key question of what constitutes “ordinary family and commercial dealing”, tax professionals say.
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‘Identify your most valuable clients – and sack the rest!’
Diversifying, better communication and being unafraid of raising prices are key to lifting profits says a marketing specialist.
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Turn your office green 'or workers will stay at home’
Businesses need to increase workplace sustainability to entice staff back, according to Workspaces CEO.
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Local FTX creditors will need patience: KordaMentha
After meeting with its US counterparts, the Australian administrator says understanding the data is a huge challenge.
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FWO fines farms almost $80,000 for payslip breaches
Recent revisions to the award should have consigned handwritten timesheets to the past, the Fair Work Ombudsman says.
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ATO seizes over 270k illicit cigarettes from Queensland retailers
The action was part of the Tax Office’s crackdown on the $8 billion shadow economy.
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Decision on RBA board to come mid-2023, says Treasurer
The make-up of the bank and the governor’s tenure will be decided after the government receives its review.
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Accounting industry gives cautious thumbs-up to final s100A ruling
It could be “like having the ATO at the kitchen table” according to CA ANZ, but most find TR 2022/4 a “significant improvement”.
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