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  1. Change of RBA governor a cause for optimism

    “Ms Bullock has a strong track record of consulting closely across the economy including with business. She spoke last month to Ai Group members and business leaders in Newcastle and we look forward to continuing to work with her.” The Australian...

  2. ASIC crackdown claims 8 more SMSF auditors

    their audit files and tools, and notifying their professional association of the conditions. The actions by ASIC, over the last quarter of FY2022-23, add to the 413 cancellations of SMSF auditors as part of a crackdown on compliance in the sector. “In...

  3. 5 tips to handle interruptions during a busy tax time

    case scenario: you’ll find yourself finishing your tasks earlier than expected, with additional time to accommodate that last-minute tax filing request from a friend or even taking a short power nap. 2. Establish proper expectations While it may seem...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Tax

  4. Small business resilient as sales growth slows: Xero

    from hundreds of thousands of small businesses, averaged 120 points during the period – an increase of 8 points over the last three months of 2022. “We know itʼs been a difficult start to the year for many Australian small businesses, but itʼs promising...

  5. Jordan to exit ATO in February after 10 years at helm

    an address to staff yesterday during a presentation of the 2023-24 corporate plan. He confirmed his second term would be his last and gave himself a distinguished pass mark for his achievements in the role. “As you know, my current term as Commissioner...

  6. Financial hardship levels above average, survey reveals

    most common type of payment missed was an electricity, gas or water bill (12 per cent up from 8 per cent at the same time last year), followed by a phone or internet bill (11 per cent up from 8 per cent in Q2 2022), a repayment on loans from family or...

  7. Falling inflation, retail trades point to August rate pause

    ease later in the year. “Forward looking job vacancy data suggests there are far fewer jobs available now that this time last year, however, still more jobs than were available pre-COVID,” she said. AMP chief economist Shane Oliver said the RBA decision...

  8. Government contracts ‘in crowd’ keeps small business in dark

    failed. Mr Billson said ASBFEO is conducting an inquiry into the impact of changes to the procurement process introduced last July. “Since beginning the inquiry in March, many small businesses have told us they feel shut out of the process or they...

  9. RBA delivers welcome pause but raises fears of another rise

    time. She said business-to-business trade payment defaults are at record levels and around 50 per cent higher than this time last year. “This means a record number of late payment defaults were lodged by one business against another, highlighting just...

  10. Rise in listings could see ‘mild deterioration’ in housing market, says CoreLogic

    the past five months, this may be prompting more selling decisions that did not take place when the market was in decline last spring." Overall, Ms Owen said official data on mortgage stress has not seen a blow out in arrears amid the expiry of low...

  11. Reforms to wholesale investor rules desperately needed: CPA

    grow, this is leading to increased risk for consumers. “A major concern is that the thresholds have not been adjusted in the last two decades,” said CPA Australia’s head of policy Elinor Kasapidis. “We are concerned that some people are being placed in...

  12. Cyber breaches cast long shadow over Optus, Medibank

    customer information. Optus has become the most distrusted brand in Australia in the wake of its high-profile data breach last year, according to the latest Roy Morgan data, displacing Facebook for the first time since the survey began. Fellow hack...

  13. Court action ‘now ATO’s first resort for non-compliant sole traders’

    so passionate about that they forget.” Almost 785,000 of Australia’s businesses are sole traders, a slight decline from last year according to the fresh ABS data. Ms Ross said there was a tendency for sole traders to prioritise debt owed to familiar...

  14. Observers praise RBA pause as key indicators realign

    restaurant and café sector”. CPA Australia senior manager Gavan Ord said the RBA’s decision was straightforward in light of last week’s CPI figure but households and businesses would still sigh with relief. “Despite the economy slowing, there are some...

  15. TPB bans agent for $3.75m in bogus BAS claims

    in the integrity of the tax system and profession.” “Our new expanded compliance program, announced by government late last year, has given the TPB much-needed resources to proactively target these high-risk tax practitioners, to address misconduct and...

  16. Fear prevents businesses on the brink from calling in SWAT squad

    calls or emails – that’s a big red flag that you need to inject yourself in there to ask them how they’re going, and get the last financials and see if there’s a way you can help.” Another reason directors failed to reach out for help was a lack of...

  17. Carbon boosts Perth presence with Ezetax takeover

    Numeric Eight. The mergers had boosted staff numbers to 290, Carbon said, almost tripling its headcount according to last year’s Australian Financial Review Top 100, in which it ranked 39th. Carbon Group, which began nine years ago with one office in...

  18. 1 in 2 retailers expect decline in margins over Christmas

    want to maintain profit margins.” In addition, fewer retailers expect an increase in online sales this year compared with last. “With customers returning to in-store experiences, the proportion of online sales over the holiday period have declined...

  19. Salary growth ‘line-ball with CPI’, accountants in lead pack

    figure was driven by a second month-on-month increase of 0.5 per cent, the largest rise in the Advertised Salary Index since last November, with accounting in a leading pack that also included community services, retail and trades. Seek senior economist...

  20. Sportsbet ‘induced my gambling’: accountant in $26m fraud case

    cross-country flights, VIP treatment, and corporate box seats at key events or headline races. A video obtained by Nine late last month shows Mr Carter on a night out with Sportsbet CEO Barni Evans, which was allegedly one of many interactions Mr Evans...

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