Login
iscover
News
Small businesses need hands-on help with cyber security
Firms confront too much information but insufficient practical guidance when it comes to digital lockdown, says COSBOA.
...
‘Unnecessary’ RBA rises tip economy towards recession: Deloitte
The firm says bank’s measures will see the fewest construction starts in more than a decade.
...
Give $3m-plus super balances free rein to restructure: NTAA
Tax-free, age-unrestricted withdrawals should be allowed before the extra tax is imposed, says accounting body.
...
ASIC bans director for illegal super access schemes
Websites run by the Gold Coast man promoted using retirement funds for buying a home or paying down debt.
...
More flexible parental leave ‘could hobble small business’
Ad hoc days off or minimum notice periods would make the proposals unworkable, says sector representative body COSBOA.
...
Small business scam losses almost double in 2022
Small and micro businesses lost $13.7 million to scams last year, with payment redirection scams accounting for the biggest losses, an ACCC report reveals.
...
Cleaning firm penalised over $120k for exploiting visa workers
The FWO found the company had underpaid two visa holders and provided false records to investigators.
...
Rid nation of money laundering stain, Canberra told
Dirty money hurts everyone and the second tranche of legislation is now long overdue, says software specialist First AML.
...
Trust in eligibility checklist when it comes to MITs, ATO warns
The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.
...
Strategy for $3m super tax hinges on access phase
The IPA says those who have met a condition of release will have greater flexibility with their assets.
...
Social media side hustles all count as income, ATO warns
Many clients will need reminding by their accountants that they have to declare secondary sources of income, including gifts and gratuities.
...
ATO boosts data-matching arsenal to close $1.3bn rental property gap
Nine out of 10 rental claims are wrongly filed but the Tax Office is cracking down on compliance in a move that gets a thumbs-up from the national auditor.
...
AFCA racks up $1bn in refunds, reappoints CEO
The financial complaints body says it has never been more needed with 100,000 issues this year alone.
...
Salon penalised almost $300k for abuse of a visa worker
The FWO found the hairdressing salon had underpaid the worker and required her to make cashback payments to assist her visa sponsorship status.
...
ACCC calls for more ammunition to prevent uncompetitive mergers
Legal reform is essential to prevent companies pushing the boundaries of Australia’s informal regime, chair of regulator says.
...
Data-hungry businesses must be alert to risks
Firms are torn between the advantages of accumulating information and the increased liability that comes with it, says Pitcher Partners.
...
EY scraps plans to split, but recommits to the idea
Opposition from its US division has derailed a scheme to divide the firm, but an email to partners says the goal remains.
...
ATO adds PAYGW prefill to activity statements
In the 2023–24 financial year, 3,000 employers will also be randomly selected to receive reminders regarding the lodgment of activity statements.
...
Accountants must alert clients to LMITO, remind them who to blame
Alarm bells in the media could mean angry clients, so tax agents need to explain the change or risk being a target.
...
Four-day weeks ‘just a matter of time’, most professionals think
Survey reveals increasing optimism over shorter hours with almost two-thirds expecting them within a decade.
...
Page 106 of 179
