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Trade receivables plunge to record low: CreditorWatch
The agency’s business index for January shows key data going in a negative direction.
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Most bosses plan to mandate more office days for staff
Businesses believe corporate culture, skills development and productivity all benefit from being in the building, says Robert Half.
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Stress, pay and robo-accountants top deterrents to profession: ACCA
Global talent survey highlights the main trends and challenges facing staff and employers.
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ATO turns spotlight on holding companies set up to avoid tax
Involvement in such schemes could involve “serious penalties” for taxpayers and agents promoting them.
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Insolvency must accept overlap of small business, personal finance
Reform essential in the wake of the current review, says Bruce Billson of ASBFEO.
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$1,000-a-month average mortgage increase ‘too much for many’
One in eight missed a payment in the past six months and stress levels are rising, survey finds.
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Consumer confidence plunges to recession levels
Family finances looks especially bleak for mortgage holders, the Westpac-Melbourne Institute February survey shows.
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TPB bans two tax agents for over $1.5m in unpaid debts
The board terminated their credentials and prohibited them from being re-registered for up to three years.
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Valentine’s Day a focus for $40m in fake romance scams: ACCC
With almost 3,700 reports of cold-hearted cons in 2022, the commission urges singles to watch out.
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BDO bolsters advisory and audit with two partner-level recruits
A former KPMG US director plus a former Grant Thornton director bring extensive experience to the firm.
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Personal insolvencies to spike in face of rising rates, CPI
Confronted with “significant financial stress”, more individuals will find themselves in bankruptcy says AFSA.
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Wield carrot and stick on payment times: ASBFEO
The reporting regime has failed to alter performance so there needs to be an easy way to monitor good and bad behaviour.
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Final QAR report ‘fails to address’ limited AFSL issue
The advice landscape will look little different if the recommendations are adopted, critics say.
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RBA revises up inflation number in February forecast
Inflation will now not fall into its target range until 2025, according to the RBA’s monetary policy statement.
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FWO acts against Melbourne Uni over alleged $150,000 underpayment
The Ombudsman claims the university paid staff using benchmarks instead of actual hours worked.
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SuperConcepts reveals key initiatives for 2023
The SMSF services provider will add a range of features to its SuperMate software this year, including property processing and a trustee portal.
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Unregistered tax agent gets 10 days in jail, $80,000 fine
The Federal Court has found him guilty of contravening the Tax Agent Services Act 2009 and contempt of court.
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$1bn blow-out prompts review of MBR program
The Modernising Business Register project has been plagued by cost overruns, delays and failures, such as the director ID scheme.
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ATO turns up the heat on holiday home deductions
Accountants must ask all the right questions about what clients really do with their summer houses.
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Franchisor faces court for alleged Fair Work breaches by outlets
The FWO breaks fresh legal ground by holding café business liable for actions of franchisees.
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