Assuming last is required, the following 4033 results were found.

  1. The key to going digital: Keep it simple

    and medium enterprises have no digitisation or only a very low level, according to MYOB’s Closing the Digital Gap paper last year. It found that increasing digital adoption among SMEs could lead to a 1.8 per cent increase in the sector’s contribution to...

  2. Warning shot frightens directors into action on debt

    according to insolvency specialists across Australia, who said inquiries have risen sharply since the ATO letter went out last month. One large practice said inquiries from directors had doubled and almost all of them had received a letter from the Tax...

  3. ATO calls time on debt as business challenges mount

    time to pay’,” Mr Spring said. Director penalty notices are now being issued at the rate of 30-40 a day, the ATO admitted last week, and it had begun reporting debt of $100,000 or more to credit agencies. This followed a series of more than 80,000...

  4. ATO zeroes in on work expenses, crypto investments

    seen a big shift in work-related expenses as one in three Aussies had claimed working-from-home expenses in their tax return last year. Mr Loh said the ATO was expecting taxpayers to make reasonable claims for both home office and travel expenses. “Some...

  5. Inflation will force a third of businesses to raise prices

    experienced increases in their operating expenses over the previous month compared to just 22 per cent in the same month last year, and the highest level since the survey question was first asked in July 2020. More than a third of businesses expect...

  6. Why your clients need to pay attention to cash flow forecasts - and how you can help them do it

    historical information doesn’t include things yet to happen: new customers, new suppliers, new pricing and lower costs. Last year’s or last quarter’s results don’t consider what’s still to come. Profit and loss statements don’t contain forward-looking...

  7. Agreement rule is ‘100A Achille’s heel’

    “A beneficiary’s entitlement has to arise out of a reimbursement agreement,” he said on a webinar devoted to the subject last Friday (24 June). “And the courts have said that reimbursement agreement must occur prior to the present entitlement arising....

  8. Investor confidence plunges below pandemic levels

    economic threats, global political unrest looms as the biggest risk for one in four investors, up 10 percentage points on last year. It feeds through to substantial declines in the capital markets, both domestic and international. Compared with last...

  9. Australian businesses lose $227m in payment redirection scams

    the hardest hit according to the ACCC report. There was a 77 per cent increase in payment redirection scams in Australia last year with businesses losing $277 million according to the latest Australian Competition and Consumer Commission report. The...

  10. AFCA reports significant drop in inappropriate advice claims

    service had seen a sharp rise in complaints about general insurance in a period that included an earthquake in Victoria last September, followed by catastrophic storms and flooding across southern states last October and in South-East Queensland and...

  11. CA ANZ member abandons campaign against board

    he was abandoning the campaign and had apologised to the CA ANZ chairman and chief executive over critical comments reported last week. The comments were motivated by CA ANZ’s handling of the KPMG exam cheating affair, which Mr Alizzi described as “the...

  12. Australia’s anti-money laundering rules ‘third world’

    in very few people are actively going to do everything they need to,” he said. “There has definitely been a change in the last year or two as people are more aware of this. “It’s in the public forum now you’ve seen Star and Crown be dragged through the...

  13. Careful with that banking app!

    for cyber criminals, particularly in Australia: two-thirds of Australians now use banking apps to manage their finances and last year this overtook internet banking as the most popular method for the first time. It’s no coincidence, then, that online...

  14. Few will benefit from FBT exemption for EVs

    of technical policy Tony Greco said, with supply issues one critical factor in crimping sales. Introducing the measure last week, climate change and energy minister Chris Bowen said it would save an employer providing an EV costing $50,000 up to $9,000...

  15. Dixon Advisory clients told to act quickly on claims

    complaint with the AFCA as soon as possible to be eligible for compensation under a potential future Compensation Scheme of Last Resort scheme, ASIC said. ASIC said it would write to clients informing them of the chance to claim after banning Dixon...

  16. Disclose contractor payments by 28 August, ATO warns

    The ATO is warning businesses that they have until 28 August to complete a taxable payment annual report (TPAR) for last year as it cracks down on the shadow economy. Around $350 billion in payments made to 950,000 contractors were reported last year...

  17. Lull in SME financial disputes could be temporary, AFCA warns

    financial disputes for small business, the AFCA cautioned, after fewer hardship issues meant total complaints fell slightly last year. Small businesses won more than $18 million in compensation and refunds from 3,490 complaints in 2021–22, a 3 per cent...

  18. SMEs feeling the pinch as invoice payment times blow out

    cash flow in the wake of COVID as debtors took longer to pay and access to finance got tighter. “What we’ve seen over the last six months is the average number of days that an invoice is open before a debtor pays it is slowly creeping out,” he said....

  19. A trio of trip-wires businesses should avoid, says ATO  

    the two years of the pandemic. “It’s been around for a while as an issue, but probably as we’ve all experienced over the last few years, some of the lines between work and home have blurred as we’ve gone into lockdowns and many business owners – they...

  20. ‘Devil in the detail’ of extra skilled migrant scheme 

    will solve the talent shortage in accounting, says CPA Australia. Details of an extra 35,000 migration places, announced last week, will be critical to whether it can mitigate the accounting skills shortage, said CPA Australia senior manager Gavan Ord,...