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  1. Real wage growth now will push rates higher, warns Lowe

    are coming down, delivery times are shortening and the disruptions to the supply chain, which had been so prevalent for the last few years are gradually being resolved and prices for many goods are no longer rising quickly,” he said. “The second thing...

  2. ABRS extends director ID deadline by 2 weeks

    people to apply.” Mr Jordan said that over 1.8 million directors had now applied for their director ID, up from 1.5 million last week. Following the significant shortfall in applications, many predicted that the ABRS would extend the deadline. In the...

  3. How to Make the Most of Your Super Fund

    up and ensure that you're not missing out on any of your retirement savings. 7) Review Your Super Fund Performance One last important tip is to review your super fund annually. This is to ensure that your super fund is growing and that your financial...

    • Type: Article
    • Author: Lucy Mitchell, Current Australia
    • Category: Super

  4. Grow your accounting firm the right way

    handled by a single software. Tracking contributions We’ve all received that phone call, from a trustee or adviser, in the last week of June asking how many contributions can be made for the year. Prior to recent legislative changes, the answer was...

  5. Perth cafe issued with more than $190k in penalties 

    surprise raids of cafes and restaurants across capital cities to increase compliance, with 77 Brisbane food shops raided last month and over $400,000 in unpaid entitlements discovered.

  6. ATO targets dodgy deductions for holiday homes  

    on tax agents to help bring owners into line. “Holiday homes might sound minor in the scheme of things,” Ms Anderson said at last week’s Accountants Daily Strategy Days in Melbourne and Sydney. “But if we applied the pub test, I don't think we would...

  7. Extended ID deadline looms for 600k directors

    directors who have yet to engage with the process and standouts may eventually face substantial penalties. With a last-minute extension of the deadline to December 14, the ATO said now was a good time to complete the process with wait times on support...

  8. Pessimistic CFOs fret over cyber risks, ESG and economy: Deloitte

    incident recently. “Cyber security has become an increasingly prominent business risk,” said Mr Gustafson. “In the last 12 months, 32 per cent of surveyed CFOs had confronted at least one cyber security incident in their business, and 86 per cent of...

  9. Local FTX creditors will need patience: KordaMentha

    to emphasise this is an incredibly complex matter that is going to take a significant amount of time to work through.” Late last week in the US Mr Langdon met the restructuring team for the 102 FTX companies in bankruptcy — the FTX Debtors — to advocate...

  10. 100A ruling leaves trust decisions haunted by ‘uncertainty’

    result will be an additional tax burden on small family business, tax professionals say. Final ruling TR 2022/4 released last week has quickly attracted critics for its lack of substantive changes to the draft published in February despite an extended...

  11. Eight new year resolutions every accountant should adopt

    there are some who have reached their use-by date. Take a close look at how you communicate with clients, including when you last had a meeting. Review your letters of engagement – CPA Australia’s terms of engagement templates may help you. Get...

  12. SMEs plead for help on energy costs, net zero

    interest rate rises and red tape - has the potential to sink struggling businesses. “The federal government needs to combine last week’s bill relief measures with advice that helps businesses to deal with the complex web of the energy market.” Business...

  13. Old hands ‘paying for higher graduate salaries’

    for 20-plus years. The remuneration report showed that they're actually having an a negative impact to their salaries in the last 12 months. “So they're being paid less so that we can actually fund these higher salary at the entry level spots, so that...

  14. How to find the tax compliance model that fits

    No doubt. But if that person leaves, and the next person leaves, it becomes a process of following whatever was done last year. This is a big risk. And if all communication to collate data, interrogate and review calculations etc is done by email, then...

  15. ASIC issues infringement notices to energy company for greenwashing

    has come under fire from the Australian Security and Investments Commission for allegedly greenwashing its claims. In March last year the Australian Competition and Consumer Commission said it would be cracking down on ‘greenwashing’ by closely...

  16. COSBOA CEO resigns after 18 months

    needs of our members during a time of major upheaval.” Mr Addison also pointed to the importance of Ms Boyd’s role at last year’s Jobs and Skills Summit. “Alexi represented small business at the Jobs and Skills Summit, initiated and led the development...

  17. ATO updates TBAR guidance ahead of new time frames

    will be impacted and let them know about the change. “Get your reporting in as soon as possible. Don’t leave it [until] the last moment,” Ms Vellotti cautioned.

  18. EY appoints finance high-flyer before split

    “It is a unique opportunity to be part of what will be one of the most disruptive strategies in any industry this decade.” Last, EY confirmed it planned to split its consulting practice from its audit business to escape conflict of interest rules that...

  19. Accountants urge home buyers to weigh cost of dodging stamp duty

    made online comparing it to the cost of stamp duty. He said those eligible who had purchased their first home late last year could also swap over and receive a refund on their stamp duty. “The new choice is empowering first home buyers to get a foot on...

  20. Business owners put cyber security novices in front line

    few years, emerging from COVID, navigating global supply chain issues and for some the impacts of natural disasters, the last thing they need is a cyber attack or scam to contend with.”

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