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HLB Mann Judd to explore AI potential for small firms
The future rollout of Microsoft Office 365 to small and medium firms could see a significant acceleration in the use of AI, according to HLB Mann Judd.
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Taxes, cash flow top small business worries
Owners face an operating environment “tougher than ever before”, a recent survey finds.
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Cyber risks, talent the top issues for business in 2024: KPMG
Business leaders are the most concerned about cyber risks and issues around recruitment and staff retention for the year ahead, a KPMG report reveals.
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Complaints to AFCA rise 23% to hit record, scam issues double
The financial complaints body handled more than 100,000 issues last year and says increases have become “unsustainable”.
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Crucial deadline looms for foreign owners of Victorian property
Foreign purchasers of real estate in Victoria may need to make important notifications by mid-January where their property is vacant, cautions HLB Mann Judd.
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CFS flags planning opportunities ahead of stage 3 tax cuts
Accountants should start thinking about potential opportunities for clients ahead of the stage three tax cuts on 1 July this year, says CFS.
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Productivity turnaround ‘halts post-COVID freefall’
However, further reforms are needed to achieve sustainable, long-term growth, the Productivity Commission says.
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Workers accrue record 200 million days of annual leave
Travel restrictions during the pandemic and an expanding workforce add up to a bigger holiday bank than ever, Roy Morgan finds.
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Fraudster behind ‘ruinous’ $521k SMSF swindle gets 4 years’ jail
Mudasir Mohammed Naseeruddin took advantage of vulnerable investors over five years through a “chaotic” and “ruinous” scheme for his own benefit.
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Insolvency data reveals ‘COVID lag’ impact on SMEs
ASIC says its FY23 statistics show many small businesses, particularly in construction, failed to recover from the pandemic.
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Former liquidator pleads guilty to siphoning $2.5m
The administrator of five troubled companies transferred money to his business and for personal use, court hears.
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St Vincent’s back pays staff $4.4m after ‘payroll errors’
The health business self-reported to the FWO after discovering underpayments to around 2,700 staff.
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AFP distributes decryption key to thwart Russian cyber crims
Ransomware group BlackCat has targeted dozens of local operations but the FBI came up with a fix, the AFP says.
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Commissioner’s remedial power ‘underused, invisible’
Complex tax law throws up unintended consequences but few people know about the power devised to solve the problem, the IGTO says.
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Concessional caps likely to rise in FY24–25, CFS predicts
Recent wage rises could trigger an increase in the concessional and non-concessional caps for super next financial year, according to technical experts.
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SME wages fall for first time in 6 months
Employment Hero calls for an end to rate hikes after payroll data showed easing pressures in the labour market.
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AusPost to refund $2.9m for lost, damaged parcels
The national mail carrier and its subsidiary StarTrack committed “extremely concerning” breaches of consumer guarantees over four years, the ACCC says.
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Top execs at fault for 'accounting body turmoil’
Members are rightly upset at CA ANZ and CPA Australia's mounting problems, a governance expert says.
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Treasury ‘strengthens’ BoT with 2 appointments
Vacancies opened after two PwC-affiliated board members departed earlier in the year.
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Two men get 8 years’ jail for $40m gold bullion fraud
An ATO-led investigation uncovered false claims for GST credits in a gold recycling scheme.
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