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Insolvencies enter ‘unchartered waters’ during holiday break
Small businesses are feeling the pinch with construction and retail in critical territory, Insolvency Australia says.
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Internal mobility ‘magic ingredient’ for staff retention: LinkedIn
Financial service employees offered a promotion or opportunity are much more likely to stay at the firm, survey finds.
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ASIC disqualifies four directors over 11 failed companies owing $20m
Bans range from two to four years for improper behaviour including phoenix activity.
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Offspring living with parents miss out on 67c WFH rate
Paying “board” is a private arrangement says the ATO and cannot be used to claim the revised 67c fixed work-from-home rate.
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COSBOA joins demand for changes to IR bill
Business groups large and small have united to push back on the provisions despite a raft of government amendments.
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AASB and AUASB appoint additional members
Both boards expand to cope with the extra responsibilities of ESG reporting.
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Construction management software integrates with QuickBooks
The incorporation of cloud accounting packages will enable the business to further its growth, says NextMinute CEO.
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WFH 67c fixed rate ‘opaque and too demanding’
Tax professionals slam the ATO’s revisions for their increased record-keeping requirements and say the rate leaves taxpayers out of pocket.
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Work/life balance, skills shortages main practice challenges
Accountants need to embrace technology and empower existing staff to overcome current obstacles, survey finds.
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Hackers post sensitive Medibank data
UPDATED: Information on drug addiction and HIV results expose around 100 customers on the dark web.
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ASIC’s top 10 ways to sniff out fraud before it’s too late
Cryptocurrency scams cost a record $701 million last year and is rising fast, says the regulator.
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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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