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Recruits lured by higher pay than loyal staff, says survey
Nine out 10 business leaders are upsetting existing workers by using premium salaries to attract newcomers.
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ATO collectable debt balloons to $45bn, small business on hit list
The tax office annual report says pandemic measures are responsible for a huge increase in non-disputed debt.
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ASIC finds rise in audit issues focused on revenue, assets
Deloitte fared worst in the commission’s 2021–22 report while EY came out at the top — again.
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Budget: Share buy-back change ‘needs scrutiny’
One of the few surprises last week will have to be examined for unintended consequences once the details are released, says Gavan Ord of CPA Australia.
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Property still a big SMSF advice issue, says AFCA
One-stop shops encouraging SMSF property investment and borrowing still continue to account for a sizeable portion of SMSF disputes, says AFCA.
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Budget: swings and roundabouts for families, small business
Treasurer offered cash for childcare and housing, but the main concern was to avoid stoking inflation, says Gavan Ord of CPA Australia.
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Construction industry could collapse ‘like a house of cards’
A single insolvency could trigger a wave of bankruptcies and builders need to know how to protect themselves, says Queensland lawyer.
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ASIC disqualifies director for three failed companies owing $6.6m
Victorian man found to have lodged false documents to avoid personal liability for debt.
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Rushed changes to workplace relations risk ‘conflict’
Small and large business organisations recoil at the government’s industrial relations bill.
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Aussie fintechs attract biggest buy-out deals
Local success stories account for some of the top acquisitions in the region and the world’s largest.
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Space tech will transform ESG reporting, says EY
Satellite images can supply essential data for environmental and social compliance.
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ASIC levies first greenwashing penalty on energy company
The action is part of the commission actively monitoring the market and investigating, it says.
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PayPal, BPAY dominate despite threat of buy now, pay later
Established digital payment methods hold their own against Afterpay and its peers, research shows.
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Budget: ATO expected to reap $5.6bn from crackdown
Multinationals, the shadow economy, and individual taxpayers will be targeted thanks to an extra $1.5bn in funding.
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Budget: business applauds cash for childcare, TAFE, and mental health
Other welcome measures include additional skills migration and greater access to tertiary education, say private sector leaders.
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ASIC bans two directors for failed companies, neglect of duties
Trio of Sydney container operations wind up owing almost $10m while Queenland landscape outfits fail with $500k debts.
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CPI leaps to 7.3% on rises in cost of food, fuel and housing
UPDATED: Inflation increases well ahead of expectations following a 1.8 per cent rise during the September quarter.
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Medibank breach could compromise up to 4 million
UPDATED: Investigations by the health insurer have revealed the cyber hack accessed vast amounts of personal and health data.
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It pays to find the right model for financial advice
Avoid missteps and adding another discipline to your practice can boost revenue, says consulting specialist.
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White Sky partner stood down over alleged $1.5m discrepancies
Music industry accounting firm says four to five artists could be affected by alleged misuse of client funds.
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