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

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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

Appointments

WA Insolvency Solutions principal achieves double qualification

The 2002 graduate is now one of seven registered bankruptcy trustees at Jirsch Sutherland.

13 June 2022 • By Josh Needs

Technology

Airwallex launches direct payment link for Xero invoices

Payments automatically reconcile the account and provide a receipt.

10 June 2022 • By Josh Needs

Appointments

Accountants chase pay rises above 6%

Three-quarters of bosses plan salary increases but most will fall short of staff expectations, says the latest survey.

09 June 2022 • By Philip King

Super

Super funds given another year of NALI grace

Political support to address issues with the non-arm’s length expenditure provisions sees the ATO extend transitional...

09 June 2022 • By Miranda Brownlee

Tax

100A tax time guide due in days, says ATO

The final document will take longer, the office says, but it will help trustees decide what to do this year.

09 June 2022 • By Philip King

Business

Small businesses raiding personal funds to pay energy debts

Pandemic hangover leaves 40 per cent of owners worse off, COSBOA survey finds.

09 June 2022 • By Keeli Cambourne

Business

Westpac, MYOB join hands to help SMEs bridge digital gap

Confidence has returned to small business but many remain reluctant to purchase software.

07 June 2022 • By Philip King