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Average refund plummets by $580, total payout down $5.4bn
UPDATED: The end of LMITO and revised WFH rules have taken billions out of refunds, ATO figures reveal.
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‘Change risk-reward equation to deter cyber crims’
Digital bad actors make straightforward decisions about pay-offs so make their lives more difficult, says security specialist.
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Canberra urged to reinstate SG amnesty for payday super
It would encourage employers to rectify historical shortfalls, industry associations say.
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Small business demands financial redress for Optus outage
Ombudsman damns the telco’s treatment of the sector as “shabby” and “inadequate”.
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EY makes 232 staff redundant as consulting demand plummets
The cuts come just days after PwC revealed plans to lose 300 jobs and close an Adelaide hub.
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Female-led start-ups need more funding, says CEO
A Forbes 30 Under 30 alum calls for systemic change to provide more capital for companies founded by women.
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ATO, banks revive legacy debts and return to court action
Many of the liabilities long predate the pandemic and the tax office is reviving companies to chase assets, Jirsch Sutherland says.
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Fintech start-up’s gig economy tax app enables open banking
The TaxLeopard software will integrate with any local bank account to capture money movements.
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Too soon to back AAT on Div 7A, accountants told
The recent decision on what constitutes a loan creates a dilemma for advisers who would be “brave” to buck the ATO’s position, says one specialist.
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Why business leaders need to talk about menopause
An empowerment coach has described how being diagnosed with and receiving treatment for perimenopause changed the way she did business.
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Interest rate increase ‘to quash seasonal hiring spike’
Declining consumer confidence will take the wind out of the usual Christmas jobs demand, says Employment Hero.
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PwC to cut 300 jobs, close Adelaide support hub
The firm says divestment of its government consulting arm and market conditions have forced its hand.
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ATO targets utes in myth-busting FBT mission
Some employers are pushing the limits of the personal use exemption especially when it comes to vehicles, deputy commissioner says.
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ASIC exposes dozens of dodgy investment websites on blacklist
The regulator’s Investor Alert List contains more than 1,300 entries including unlicensed and imposter operations.
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Do your homework to avoid ‘culture tax’, accountants told
To gain the trust of clients from diverse backgrounds it makes sense to educate yourself about them, says a change specialist.
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DSS launches ‘first cloud-based platform’ to simplify client billing
The product caters for accountants and other professional services workers who struggle with tracking tedious disbursement expenses.
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ATO raises $973m in SG charge liabilities in FY23
The ATO finalised around 14,000 SG cases during the year, with around 90 per cent initiated by employees, compliance figures show.
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RBA move a ‘kick in the guts’, but few surprised
With Christmas approaching, small business and mortgage holders can look forward to “the type of pain that high interest rates have caused in the past”.
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Small business recoils from cost of cyber security
The main barrier to more secure digital systems is price, a Mastercard survey finds, and raising revenue has become a higher priority.
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RBA reveals interest rate decision for Cup Day
The Reserve Bank of Australia has announced its cash rate decision following higher than expected inflation figures for last quarter.
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