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Why accountants should learn to love the smashed avo generation
Millennials are the next wave of clients, says a demographer, so forget about their much-maligned breakfast habits!
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Pensioner work scheme ‘will fail to ease skill shortage’
An ability to earn an extra $4,000 this year before losing benefits has insufficient time to make an impact, researchers say.
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Data-driven risk engines to police tax practitioners, says TPB
An increase in funding will allow enhanced analytics to crack down on agent compliance.
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Consumer sentiment plunges to recession levels
Four in 10 expect to cut Christmas spending, Westpac index shows, as inflation, rates and energy prices hit home.
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Help on hand for flood-hit small businesses
It can be tricky navigating the support schemes and assistance available, but the Small Business Debt Helpline has advisers at the ready.
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Anxiety worst for women, renters, poorly paid: wellbeing barometer
NAB survey shows most households believe they will be worse off in 12 months.
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Scam losses could hit $4 billion, ACCC warns
With attacks up 90 per cent, small businesses are urged to recognise fraudulent schemes.
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Sydney cafe outfit fined $475k for ripping off Taiwanese ‘interns’
Federal Court imposes near-record penalty after FWO pursues company exploiting Taipei students.
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Moore Australia (NSW) partners with bespoke wealth outfit
Move adds 17 members to the firm’s Sydney office with an “impressive” array of qualifications and experience, Moore says.
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NAB overcharging unconscionable: federal court
The bank failed to remedy incorrect periodic payment fees for more than two years.
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Medibank hackers made off with complete database on 9.7m
UPDATED: Millions more compromised by the cyber crime and insurer says paying a ransom would fail to protect data.
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Tax for Tradies turns record-keeping into a craft
One Melbourne practice has made a virtue out of showing builders and plumbers there’s a better way to handle all their paperwork.
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ATO issues private ruling on member benefit issue
The ATO has issued another private ruling examining the issue of whether a benefit requested shortly before death is a member benefit or death benefit.
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Average cyber crime costs a small business $40k
With an online threat every seven minutes, attacks are up 13 per cent and Australia has become a favourite target.
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FNQ labour hire company ‘overcharged workers for lodgings’
NQ Powertrain faces court for allegedly deducting thousands from the wages of Pacific region visa-holders.
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Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip
Just seven companies paid 40 per cent of the $69 billion income tax reaped from 2,500 large corporations.
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Talent drought fuels race to find offshore accountants
Australian firms already employ hundreds of tax professionals in the Philippines and demand is booming, says outsourcing specialist Cloudstaff.
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Winners revealed for Women in Finance Awards 2022
Accountants, accounting consultants, bookkeepers and thought leaders were among the 29 winners at this year’s awards.
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Off-market buyback measure sparks fears of further policy change
Two separate measures relating to franking credits in the space of two months have set alarm bells ringing at the SMSF Association.
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Revised work-from-home regime ‘bad news for taxpayers’
Fixed rate of 67c an hour will typically leave people out of pocket compared with previous methods, says H&R Block.
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