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Scam losses could hit $4 billion, ACCC warns
With attacks up 90 per cent, small businesses are urged to recognise fraudulent schemes.
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Sydney cafe outfit fined $475k for ripping off Taiwanese ‘interns’
Federal Court imposes near-record penalty after FWO pursues company exploiting Taipei students.
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Moore Australia (NSW) partners with bespoke wealth outfit
Move adds 17 members to the firm’s Sydney office with an “impressive” array of qualifications and experience, Moore says.
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NAB overcharging unconscionable: federal court
The bank failed to remedy incorrect periodic payment fees for more than two years.
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Medibank hackers made off with complete database on 9.7m
UPDATED: Millions more compromised by the cyber crime and insurer says paying a ransom would fail to protect data.
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Tax for Tradies turns record-keeping into a craft
One Melbourne practice has made a virtue out of showing builders and plumbers there’s a better way to handle all their paperwork.
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ATO issues private ruling on member benefit issue
The ATO has issued another private ruling examining the issue of whether a benefit requested shortly before death is a member benefit or death benefit.
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Average cyber crime costs a small business $40k
With an online threat every seven minutes, attacks are up 13 per cent and Australia has become a favourite target.
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FNQ labour hire company ‘overcharged workers for lodgings’
NQ Powertrain faces court for allegedly deducting thousands from the wages of Pacific region visa-holders.
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Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip
Just seven companies paid 40 per cent of the $69 billion income tax reaped from 2,500 large corporations.
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Talent drought fuels race to find offshore accountants
Australian firms already employ hundreds of tax professionals in the Philippines and demand is booming, says outsourcing specialist Cloudstaff.
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Winners revealed for Women in Finance Awards 2022
Accountants, accounting consultants, bookkeepers and thought leaders were among the 29 winners at this year’s awards.
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Off-market buyback measure sparks fears of further policy change
Two separate measures relating to franking credits in the space of two months have set alarm bells ringing at the SMSF Association.
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Revised work-from-home regime ‘bad news for taxpayers’
Fixed rate of 67c an hour will typically leave people out of pocket compared with previous methods, says H&R Block.
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William Buck merges with Parramatta consultancy
Bringing in the business advisory specialist will broaden Buck’s offerings in Sydney, it said.
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Ban, penalties for unfair contracts ‘essential for SMEs’
Changes to contract and consumer law are overdue safeguards against unfair companies, says ACCC
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ATO releases revised WFH expense claims guidance
UPDATED: The shortcut method adopted during the pandemic ended on June 30 and PCG 2022/D4 changes the game.
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Brisbane food shops forced to back pay workers over $400k
FWO finds 58 Brisbane outlets in breach of workplace laws during the latest raids in its national crackdown.
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IR reforms will end up closing small business, says advocate
The concerns of female owners in particular have gone unheard, she says, and pay claims could backfire.
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Port Augusta community care service wins $30,000 PwC award
This year’s MURRA Boost Initiative recipient was unaware of the scheme until it won.
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