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  1. Government ramps up director ID campaign as deadline looms

    quite likely that you’re a director, and you’ll need to apply for your director ID,” Mr Jones said. “Don’t leave it to the last minute — if you’re a company director you must apply by 30 November — so make sure you make time to get it done.” The...

  2. For real, accountable feel-good, the buck stops with finance

    to be hit with a range of financial penalties. They include fines, higher insurance payments and reduced market value — the last courtesy of the fact that investors are becoming increasingly chary about putting their funds into firms that aren’t taking...

  3. How to avoid the traps in TPD claims through super

    remains one of the most vital parts of the life insurance ecosystem. In fact, its importance has increased in the wake of last year’s changes to Individual Disability Income Insurance (the sustainability measures announced by APRA in September 2021)....

  4. Introducing Shoebox Payroll; a Platform for Better Payroll Efficiency

    group of over 50 bookkeepers and accountants, here at Shoebox Books and Tax, we’ve come across plenty of clients over the last decade that have found themselves up late triple checking and finalising paycheques for their employees, wishing there was a...

  5. Fee rise will cripple our grad program: internal audit body

    its functions with efficiency, accountability, and transparency in a timely manner,” said Dr Hendy. “Over the course of the last few years TEQSA has fallen short of sectoral performance expectations on various occasions.” “IHEA will continue to advocate...

  6. Productivity Commission warns against multi-employer bargaining

    and said it was just attacking workers. “The Productivity Commission are another politicised relic of the previous Govt. One last acts (sic) of Josh Frydenberg was to charge then with attacking workers rights. They have no idea how wages bargaining...

  7. Preparation and speedy response key to cyber protection, experts say

    unduly alarm stakeholders.” Mr Zugec said all businesses would have to contend with cyber attacks in the future. “Over the last few years, we have seen an increase in hybrid attacks — this is a combination of an opportunistic attack where the initial...

  8. Tassie food outlets forced to back pay workers $120,000

    things are being found out.” The Launceston raids come after the FWO made surprise inspections on 48 food outlets in Darwin last month, revealing 479 staff had been underpaid by a combined $400,000. “The Fair Work Ombudsman will continue to prioritise...

  9. Revenue ‘too reliant on income tax, with or without stage 3 cuts’

    billion in additional revenue over the next four years to be revealed in the October Budget.” “But this is likely to be the last budget to unveil an unanticipated write up in government revenue for the foreseeable future. Continuing to repair the budget...

  10. ASIC outlines key strategies for crypto regulation

    trillion in the value of their holdings during the course of this year.” “Sadly, many of those investors whom ASIC surveyed last year — at what turned out to be the peak of crypto prices — have probably shared in these very significant losses.” Mr...

  11. Tax chief refuses to rule out third term

    not seek a third term but the ATO declined to confirm this in response to questions in the wake of an interview with him last month. Repeated requests failed to clarify the matter although the ATO said, in full: “The Commissioner is focused on his...

  12. Protect your firm from the effects of a cyber breach

    of cybercrime. It happens more frequently than you might think. In 2022, a ransomware attack occurred every 11 seconds. Last year, the ransomware industry shot up to $20 billion. Preparation is key. Businesses should assess their preparedness for a...

    • Type: Article
    • Author: Accountancy Insurance
    • Category: Technology

  13. What BBlood Enterprises case means for s100A

    Last month’s court decision had more to say about “ordinary family or commercial dealings” in trust distributions. On 19 September 2022, the Federal Court handed down its decision in BBlood Enterprises Pty Ltd v Commissioner of Taxation [2022] FCA...

  14. Cyber hack insurance ‘harder to get’ in wake of Optus scam

    insurance companies are also denying cyber insurance coverage or heavy restrictions are being imposed.” The Optus hack late last month compromised the personal details, including in some cases passport, Medicare or driving licence numbers, of almost 10...

  15. Deloitte acquires cyber consultancy team

    that is part of a global network of 16 operational hubs along with five more planned. Following its large-scale hack late last month, Optus appointed Deloitte to conduct an independent external review of the recent cyber attack, along with its security...

  16. SMSF scam investigation sees call centre raided

    fraud in 2021 alone. In comments provided to the ABC, ASIC deputy chair Sarah Court said that ASIC had written to AMP last year alerting it to the potential misuse of Australian Securities Administration Limited’s name and Australian Financial Services...

  17. Your Future Practice with The Access Group

    With APS, HandiSoft and Fathom now under The Access Group umbrella, the combination of our expanded practice solutions coupled with cloud technologies create an exciting set of new possibilities for accounting practices of all sizes. Join our webinar...

  18. RBA announces October cash rate decision

    Oliver said inflation is high and still rising and that economic data apart from housing has been strong since the RBA’s last meeting. “After five rate hikes in a row the RBA should be slowing the pace of rate hikes to be able to assess the impact of...

  19. Curious, ambitious? Then ‘forget the image and become an auditor’

    migration tap back on was only part of the answer. Speaking on a special Accountants Daily podcast to mark Auditor Proud Day last week, Mr Ghandar said migration helped the profession with its “lumpy” reporting deadlines, but it needed to look closely...

  20. Nine accountancy firms make Australia’s top 500

    accounting firms, was well represented with 31 companies with an average revenue of $695.2 million, up 10.5 per cent on last year. However, there was a big gap to the next accounting services entities, with mid-tiers Findex in the 155th spot with $443.1...

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