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  1. First Nations taxpayers invited to shape ATO review

    proving identity. “Aboriginal people were moved around or may not necessarily have the same phone number that they had the last time they engaged with the ATO,” Rust said. In addition, Rust said some Indigenous people have relied on financial...

  2. Firms warned against delaying audit decisions for ATO letter

    regarding the auditor independence standards until they receive the ATO’s letter have been warned they could be caught in a last-minute scramble. The ATO announced in June last year that it would be writing to firms during the 2020-21 financial year to...

  3. Firms warm up to in-house planners: Investment Trends

    Fund 360 in second spot at 89 per cent. “Accountants acknowledge the improvements made by SMSF software providers in the last 12 months, with industry-wide satisfaction increasing for all 15 key service areas measured. Satisfaction increased the most...

  4. Firms to ‘strongly encourage’ staff to get jabbed

    with all relevant information.” Businesses were advised by the Fair Work Ombudsman (FWO) and Safe Work Australia (SWA) last week to assume that employee vaccinations aren’t required, and that mandating them could expose businesses to charges under...

  5. Firms provide tips for SBR success as approval rates decline

    definitely the ‘flavour’ of the month. I think when the SBR started, the ATO were quite relaxed and what's happened over the last 18 months or two years, is that they have certainly become more stringent and closely monitored, which is good, especially...

  6. Firms in the dark on salaries, faltering on staff incentives

    per cent of SMEs don't have any strategies for staff attraction, retention or motivation, which has fallen 4 per cent since last year. Twenty per cent of SMEs reported not knowing how their wages compared to average industry wages, and less than half...

  7. Firms failing at advisory, says Smithink

    advisory services is “scary”, according to Smithink’s Mark Holton. Speaking at Smithink’s Practice Managers Workshop last week, Mr Holton said the amount of firms attempting to move into the business advisory space and failing should be a big concern...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  8. Firms can’t take shortcuts when building AML kits

    the roles defined under the AML/CTF Act: the governing body, the senior manager, and, importantly, the compliance officer. Last, businesses should think about how they on-board clients currently, and start to understand the changes they will need to...

  9. Firm profits allocation guide ‘a very blunt instrument’

    meant the tax office approach was already out of date. “I'm worried that it's a little bit like the generals fighting the last war in that the professions have moved on, particularly the accounting and legal fraternity, and the focus is still on how it...

  10. Firing up the economy through record small biz package

    The small business package announced as part of Budget 2015 is the most significant Australia has seen The federal government is so focused on small business because these hardworking men and women are a key source of employment, providing jobs for...

  11. Fintech revenue booms amid lending squeeze

    Australian fintechs recorded a median revenue growth of 125 per cent over the last year, with the industry bullish on the back of the royal commission as accountants spot a lending squeeze. EY’s FinTech Australia Census has found that one in five...

  12. Fintech peak body pushes for e-invoicing mandate

    are considered to be included in the July 1, 2022 mandate.” Treasury’s consultation paper, which was released late last year, outlines three prospective approaches to accelerating the adoption of e-invoicing in Australia. The first option would see all...

  13. Fintech firm snares ex-Sage MD

    Disney-May as its new chairman and investor, as the company looks to expand on an ARR increase of over 200 per cent in the last six months. Boasting a technology career spanning over 30 years, Mr Disney-May has held several senior positions at the Sage...

  14. Findex reveals plans for Crowe Horwath

    the firm’s wealth-related service offering. “It’s where our heritage is and our business has grown exponentially over the last decade in that space so I think we can add some value immediately there,” he said. Mr Paule's ambition is to create a fair...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  15. Find ABN and GST errors in minutes and smooth out BAS review

    and rework and reduce compliance risk. A whopping 59.92% of 2,242 Xero accounting files audited by XBert's AI in the last quarter contained ABN or GST errors. Whether you’re preparing BAS lodgements for clients who do their own bookkeeping, or you...

    • Type: Article
    • Author: XBert
    • Category: Tax

  16. Financing fears hit home with accountants, clients

    Middle market clients’ concerns over access to finance has quadrupled over the last year off the back of the royal commission, with accountants urged to prep their clients ahead of a credit crunch. EY’s latest Global Growth Barometer found that 24 per...

  17. Financial transformation firm Canvas integrates with OpenAI

    clients can ask ‘What’s the current balance of all my assets across all my wallets and how has this composition changed from last month?’ or ‘Analyse my upcoming travel plans and predict the FX requirements for these destinations,” said Canvas....

  18. Financial services, regulator exec blasts ‘castigated’ instos

    and here is a link to ASIC's full report. Mr Laughlin’s comments also complement the findings of KPMG’s research late last year into public trust, which concludes public trust is at “crisis” lows. “Certainly this is consistent with the findings of the...

  19. Financial Services Minister contemplates accountants’ exemption proposal

    “artificial, impractical boundaries” for accountants. The IPA’s proposal Mr Conway said consultation with members over the last 18 months has seen a push for a new “Qualified Accountants Financial Services Licence” (QAFSL) that leverages the “qualified...

  20. Financial hardship levels above average, survey reveals

    most common type of payment missed was an electricity, gas or water bill (12 per cent up from 8 per cent at the same time last year), followed by a phone or internet bill (11 per cent up from 8 per cent in Q2 2022), a repayment on loans from family or...

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