Assuming last is required, the following 4011 results were found.

  1. SMEs struggle to finance growth, navigate headwinds

    – up from 42 per cent in 2021. Significantly, more SMEs were using acquisitions to add value to customers (45 per cent) than last year (33 per cent). “Funding will play a role in helping small businesses navigate these headwinds,” Mr Callaghan said....

  2. ATO issuing 30-40 penalty notices a day – and rising

    taxpayers to credit agencies as it steps up debt collection post-COVID. The DPNs follow 52,319 warning letters dispatched last month to directors of companies with outstanding debts on PAYG, the superannuation guarantee charge and GST. The letters...

  3. Thousands of tax debt defaults ‘in the pipeline’

    been informed of several dozen defaults after the ATO revealed that it had sent out almost 300 intent-to-disclose notices last week. Mr Coghlan said all of the taxpayers involved were more than 90 days overdue, had no engagement with the ATO and while...

  4. Small business ill-prepared for tech hurdles

    on small businesses too, with 40 per cent of respondents saying their business suffered from a tech skills shortage over the last two years, while nearly a quarter said they were relying on new government and policies to recruit. “Technology, upskilling...

  5. Boutique insolvency start-up expands to Canberra

    and would lean on the resources of the broader business to help service that market. Mr Cathro launched Cathro & Partners last year as a boutique insolvency and corporate restructuring firm focused on helping clients create and preserve business value...

  6. CountPlus appoints CEO and CFO

    CountPlus board for its confidence in his ability to lead the company and harness its executive leadership group. “Over the last several years, I have observed a rejuvenated CountPlus and Count Financial, and I feel privileged to join this strong...

  7. $640k refund caught in GST crossfire

    unfrozen. The whole process took about a month, with the refund arriving on 14 April and the customer getting the money late last week. He said Fortitude was a small firm and the disruption could have been worse. “We’re just fortunate with the time of...

  8. Double-dip and risk an audit, warns ATO

    providing incorrect information.” Mr Loh said one in three Aussies claimed working-from-home expenses in their tax return last year and the ATO expected this trend to continue. He said a common mistake was using the working-from-home shortcut method to...

  9. Insolvency drought about to break

    towards normalisation – although there’s still some way to go,” said Insolvency Australia director Gareth Gammon. “The last couple of years has been one of limbo for our sector (although others might have a stronger term to describe it) – but various...

  10. Play by the rules for June returns

    R&D expenditure thresholds and certain integrity measures. Amendments to the offshore banking unit regime became law last September, removing the concessional tax treatment for OBUs for offshore banking activities from the 2023-24 income year. The...

  11. A turning point for transfer pricing?

    organisation holds a solid transfer pricing (TP) position based on the environment they forecast. But that was before the last two years changed everything. COVID changed the way the world did business and global shocks since, such as the Russia-Ukraine...

  12. Use data prefills or raise a red flag, ATO warns

    through third-party sources such as employers, financial institutions, private health funds and government agencies. Last year the ATO amended over 400,000 individual tax returns by using data that was available through the prefill service but was...

  13. Accountants Direct signs up Annature

    in shares or property. The partnership with Accountants Direct comes after Annature achieved 500 per cent growth in the last financial year. Launched in 2020 Annature has seen exponential growth since then. Its technology is compliant with in-country...

  14. Free Mental Health Training for Advisers of Small Businesses

    their business adviser, there is growing recognition among these high-trust advisers who often have client relationships lasting many years, that this level of information sharing is bringing them into new territory” says Professor George Tanewski, from...

    • Type: Article
    • Author: Deakin University
    • Category: Business
  15. Accountants chase pay rises above 6%

    this week, found 91 per cent of accountancy employers will increase salaries in their next review, up from 74 per cent last year, with skills shortages creating a “once-in-a-career market”. “Intense competition for skilled professionals will translate...

  16. Why Other Professions Bill More than Accounting

    a service is a late bloomer. That’s also why accountants keep taking those ‘quick calls’. Think about lawyers. When was the last time you squeezed in an unbilled ‘quick call’ with a lawyer? Every minute is scheduled, every conversation is billed—it’s...

    • Type: Article
    • Author: Change GPS
    • Category: Business
  17. 100A blue zone could be scrapped, says ATO

    and we’ll be testing how the guidance works.” Mr Ryan confirmed LinkedIn posts by ATO deputy commissioner Louise Clarke last week that a short interim guide would be available soon to help tax agents finalise trust arrangements for this financial year....

  18. Clean data vital for business stress tests

    their financial history was also important. “We did tax planning yesterday and showed a client they’d spent $80,000 on fuel last year and they’d spent $120,000 on fuel so far this year,” Mr Robinson said. “They were shocked.” He said the end of the...

  19. Tax-time scammers ‘getting more sophisticated’

    said one cyber security expert. Stephen Kho of security software operation Avast said one example flagged by the ATO last week was typical of tax time fraud. It involved fake emails that purported to offer tax return lodgement receipts and asked...

  20. Make investments for art’s sake

    out by statistics that show the average price of artworks traded in Australia on the primary market has decreased in the last decade, the number of artworks being offered for sale has increased and the proportion of unsold works has also increased. The...