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  1. Universities switch focus in employability bid

    employers telling us that they need, what skills and technical knowledge do they need,” Professor Helliar said. “Over the last decade, we have focused a lot more on the skills side rather than the technical accounting side. Most students do a lot of...

  2. Ethics to be ‘well and truly tested’ amid COVID-19 pandemic, says Deloitte

    Australia and New Zealand bribery and corruption survey leaves no doubt that Australia’s reputation has slipped over the last two years.” Mr May noted that, since many of the respondents were from Australia and New Zealand and operated supply chains...

  3. Clarifying ‘arm’s length’ crucial in COVID-19 rent relief

    of COVID-19, as long as the trustees can demonstrate the arrangement is on arm’s-length commercial terms. However, since the last global pandemic was the Spanish flu back in 1918, Mr Burgess said there is no modern-day precedent or a complete set of...

    • Type: Article
    • Author: Adrian Flores
    • Category: Super

  4. How accountants are adapting to remote working

    Mr Munro said. “We’ve found that it has been something that recently has been very well taken up, and with COVID-19 to last, I suppose, two months… tools like Zoom [have] been working beautifully.” He believes firms that are struggling to adopt new...

  5. ‘Surviving COVID-19: The Defining Moment for Accountants’

    This current crisis is proving to be very painful for many people, at both a personal and business level, but it will not last forever. Australia has endured all sorts of crises in its past. Each time, this nation has emerged and gone on to become...

    • Type: Article
    • Author: Peter Towers
    • Category: Business

  6. Franking credits ‘on the table’ to fund stimulus, says Geoff Wilson

    in terms of how this is going to be funded.” Mr Wilson, who led a campaign against Labor’s franking credit proposal at the last federal election, said franking credits remained a logical system by encouraging “companies to pay tax in Australia, employ...

  7. Why swift action to flatten the COVID-19 ‘insolvency curve’ is vital

    we’ll see a proliferation of businesses failing completely or experiencing dire financial difficulties. Indeed, during the last GFC, the busiest insolvency period occurred some 12 to 18 months after the initial shock, when banks began to enforce...

    • Type: Article
    • Author: Sule Arnautovic, Jirsch Sutherland
    • Category: Business

  8. Coronavirus scams on the rise, says ACSC

    phishing emails seeking to take advantage of the uncertainty around the ongoing COVID-19 crisis. According to the ACSC, the last three months have seen a significant increase in the number of individuals and businesses reporting scams and phishing...

  9. ATO adopts ‘strict line’ on PAYG withholding deferrals

    the ATO’s concession generally applies to large withholders — or those that withheld more than $1 million in tax in the last financial year — Mr Kanagaratnam believes advisers should not be afraid to approach the ATO should the situation call for it....

  10. PwC slashes pay, hours by up to 40%

    support our clients as the economy powers back up.” Mr Seymour did not specify how long the new working arrangements would last, but he said the goal was to return to usual conditions “as soon as possible”. While the change follows a drop in client...

  11. COVID-19: Business hibernation strategies

    While this strategy does not conserve cash in the short term, it does at least reduce the business’s liabilities. As a last resort, consider standing down staff or doing layoffs. Also consider whether you may still be able to access JobKeeper payments...

    • Type: Article
    • Author: Manda Trautwein, William Buck
    • Category: Business

  12. NSW announces 25% land tax relief for commercial, residential landlords

    the land tax concession. The new package follows on the mandatory code of conduct announced by Prime Minister Scott Morrison last week which set out rental waivers and deferrals for commercial tenancies. NSW Treasurer Dominic Perrottet said the new...

  13. EY moves on pay cuts amid COVID-19 downturn

    significant and prolonged downturn in demand, and re-deployment is not possible, redundancy will be reluctantly applied as a last resort. “We are well aware of how anxious our people are feeling amid this disruption and uncertainty, and we continue to...

  14. ATO releases initial JobKeeper guidance

    business portal between 4 May and 31 May 2020. While the JobKeeper payments began on 30 March, legislation was only passed last week, and the ATO’s guidance now comes in the second fortnight period running from 13 April to 26 April. As such, the ATO...

  15. ‘We are not immune’: Deloitte mandates 20% pay cut

    immune,” Mr Deutsch said. “Our own Deloitte Access Economics team estimate that over 1 million jobs have been lost in the last three weeks. In this environment, a significant focus for my leadership team and me is to minimise job losses across our...

  16. Fair Work updates guidance on JobKeeper scheme

    and operation of the JobKeeper payment scheme in Australian workplaces. Changes to the Fair Work Act, which are set to last until 28 September 2020, have been made in tandem with the government’s $130 billion JobKeeper legislation. According to Fair...

  17. Now is your time to shine

    and invite your clients to watch the video, which they may prefer. There’ve been quite a few live webinars being run in the last few weeks and this is a one-to-many approach which could be useful. In my view, this is no substitute for one-on-one...

    • Type: Article
    • Author: Rob Pillans, Planet Consulting
    • Category: Business

  18. COVID-19 claims 6% of jobs in 3 weeks

    the pandemic was declared, meaning 780,000 people lost their jobs by 4 April. A majority of the job losses came in the last week of March ending on 4 April, when the government started enforcing strict restrictions that saw the closures of a number of...

    • Type: Article
    • Author: Jotham Lian & Aidan Curtis
    • Category: Business

  19. Queensland appoints temporary small business commissioner

    recovery from the COVID-19 impact. Minister for Employment and Small Business Shannon Fentiman said the role was set to last until the end of 2020. “Our thousands of small businesses are struggling due to the COVID-19 crisis, and now more than ever they...

  20. JobKeeper to address service entities: Josh Frydenberg

    using the services of the employer entity.” Mr Frydenberg’s announcement comes after the ATO determined alternative tests last Thursday for fall in turnover for classes of entities where there is not an appropriate relevant comparison period. It is...

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