practice management software to medium to large accounting firms. MYOB signalled its intent to acquire GreatSoft in October last year, sparking a review by the Australian Competition and Consumer Commission (ACCC) that revealed concerns over potential...
which is coming to a boil. The demand for accounting professionals has been felt by Canberra, with the federal government last month adding five accounting occupations to its Priority Migration Skilled Occupation List in a bid to attract overseas...
against younger Australians being able to get a fair financial start is redressed, says one tax expert. The Tax Institute last week published a 287-page report called the Case for Change, which identifies the elements of the Australian tax mix that are...
state, all businesses in this state, can get the support they need to the other side stronger. “We have done this over the last 18 months and we will do it again. “Finally, my message to the people of New South Wales is, yes, it is difficult, the...
services for business, just three days before the ATO decommissions the Business Portal. The Tax Office is now making “one last push” to implore businesses to move to its new online service before it retires the Business Portal on 31 July after 17 years...
said it wasn’t the right solution for the problems the nation faces now. “JobKeeper was a great scheme, but you don’t play last year’s grand final this year,” he said. He said that because there hasn’t been a rise in the number of people receiving...
by their recent short lockdowns. There is a sense of déjà vu — the law and the systems for JobKeeper were designed in haste last year but, in the main, did their job to support struggling businesses and households. JobKeeper is a fine blueprint, and it...
the founder of leading mining technology provider Maptek, faced the Adelaide Magistrates Court on Friday after being charged last week in relation to an alleged taxation fraud spanning 15 years and totalling more than $38.5 million. Dr Johnson faces two...
$750 a week, while those who lose between eight and 20 hours will receive $450. Up until the Prime Minister’s comments last Thursday, official guidance from the Treasury, the Tax Office and Services Australia all stated that COVID-19 disaster payments...
economic rebound have been shown to trickle down to smaller firms. NAB released the results of its Q2 SME business survey last week which show that the SME sector recorded a business conditions increase of 31 index points through the quarter, the...
The support could have come sooner, too, Mr Hunter said. With Victoria entering its sixth lockdown on Thursday last week, Mr Hunter said the announcement of backdated support should have come immediately. “Businesses are not light bulbs; you can’t just...
in three failed companies that collectively owe creditors over $73 million. The ban from ASIC comes after Mr Brandi had last week pleaded guilty to fraudulently obtaining $135,248 in GST refunds by falsifying business activity statements lodged on...
Australia, until Prime Minister Scott Morrison made the change on the fly in late July. New legislation was then introduced last week and sailed through the Parliament, making the COVID-19 Disaster Payments more generous than the $90 billion JobKeeper...
is set to cost a total of $367 million, on top of the $1.16 billion footed by the state and federal governments over the last fortnight, as the state has grappled with ongoing lockdown restrictions. Victorian Treasurer Tim Pallas pledged the state’s...
any way by the proposed disclosure, only those that rorted the system,” Senator Patrick said. The House of Representatives last week batted away key transparency amendments to the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021,...
offering Audit Shield in Australia. Now, our claims team have shifted their focus from the historical claim data from the last financial year, to predictions of what will happen in some audit activity areas over the next 12 months. Our claims team...
Type:
Article
Author:
Rod Spicer - Associate Director, Accountancy Insurance
and ask them to prove they’ve had it. The Fair Work Ombudsman (FWO) released updated workplace COVID-19 vaccination guidance last week, which maps out a four-tier system highlighting the select circumstances under which some Australian employers would...
on measures that could further exacerbate their workloads, critics say. The ATO’s 2021–22 corporate plan, released early last week, has attracted criticism for its focus on measures that have historically added double-handling to the workloads of...
have re-evaluated their staff benefits programs to better reflect the mental health needs of employees and their families. Last year, some of the firms within the HLB Mann Judd network provided staff with a Recharge Day in lieu of Melbourne Cup Day, for...
Type:
Article
Author:
Tony Fittler, HLB Mann Judd Australasian Association
in one place. The inquiry into the effectiveness of the 2015 employee share scheme reforms was first announced in February last year, when it was faced with determining whether previous changes were effective in “bolstering entrepreneurship in Australia...
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