iscover 
Business
Skill drought forces accountancy to trial four-day week
The practice hopes the scheme will help it retain staff and attract recruits.
17 June 2022 • By Josh Needs
Tax
ATO begins online client linking
17 June 2022 • By Josh Needs
Regulation
‘Broken’ advice system needs accountants to fill gap
16 June 2022 • By Philip King
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Tax
Two-thirds of business leaders don’t understand their tax return
They struggle especially with a range of everyday tax concepts and most rely heavily on accountants.
16 June 2022 • By Josh Needs
Business
Troubled SMEs ‘nowhere to turn’ when pandemic loan scheme ends
Without government guarantees, credit-impaired businesses will struggle to find finance, says one specialist lender.
16 June 2022 • By Philip King
Appointments
BGL appoints Simple Fund 360 connected services manager
“Valued team member” promoted after nine years with the company.
16 June 2022 • By Josh Needs
Regulation
ASIC issues guidelines for ‘green’ financial products
The commission targets misleading claims about sustainability with outlines of how to avoid greenwashing.
15 June 2022 • By Josh Needs
Regulation
FWO secures over $38k in penalties against two Melbourne businesses
Two Melbourne businesses have had penalty notices imposed in court and been ordered to back-pay their employees after...
15 June 2022 • By Josh Needs
Appointments
The skill drought dilemma: Pay up, or lose staff
Tax practices will raise wages despite the challenge of inflation because they have little choice, says CPA Australia.
15 June 2022 • By Philip King
Tax
Be wary of trust disclaimers, ATO warns
Beneficiaries are urged to understand the tax effect of entitlements in the wake of a recent High Court decision.
15 June 2022 • By Philip King
Appointments
Jobs and applicants heading in opposite directions
SEEK figures show accounting sector is suffering more than most.
14 June 2022 • By Josh Needs
Tax
Most trusts safe from 100A, says ATO
Tax Office says common family arrangements have nothing to fear.
14 June 2022 • By Philip King
Business
‘Talk early and often’ to ensure good client advice
You need to be in conversation throughout the year to enable accurate forecasts, says Hot Toast chief executive.
14 June 2022 • By Josh Needs
Technology
Tax-time scammers ‘getting more sophisticated’
Fraudsters can exploit our reliance on a single device for so much data.
14 June 2022 • By Philip King
Business
Clean data vital for business stress tests
Planning for inflation requires organised numbers from a well-reconciled accounting system, says forecast specialist.
13 June 2022 • By Josh Needs
Tax
100A blue zone could be scrapped, says ATO
Updates will add examples to the “safe” green zone and consider ditching one category altogether.
13 June 2022 • By Philip King
Regulation
ASIC issues guidance on adviser warnings and reprimands
An information sheet explains the circumstances in which it will give advisers warnings and reprimands.
13 June 2022 • By Miranda Brownlee
Tax
Prepare for protein bar and perfume claims
If clients have records, there are a huge variety of deductions available, says one accounting adviser.
10 June 2022 • By Josh Needs
Technology
Subscription overload ‘costs SMEs $1.4bn a year’
Lack of integration means software tools run in silos and hinder rather than help, says MYOB survey.
10 June 2022 • By Philip King
Business
Business default rates to hit 5.8% – or higher, says CreditorWatch
With EOFY approaching, now is the time for businesses to check their financial health.
10 June 2022 • By Josh Needs
