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  1. Small business ‘needs triple-pillar of Budget support’

    for help. “Our small business survey shows 40 per cent of people in Australia sought advice from an accountant in the last 12 months, and 8 per cent sought advice from government,” Mr Ord said. “So if you want to maximise the impact of this project, you...

  2. Why we all think passwords are easy as ‘ABC’

    However you will be slightly more secure than if you chose “123456”, which was used 308,483 times too often in Australia last year because every one of those led to a data breach. Despite increasing concerns over cyber security, “123456” is the most...

  3. Careful with those crypto losses, Tax Office warns

    of Australians had got involved with digital currencies during the pandemic and as a result the ATO had focused on crypto last year. “Nearly 800,000 people have invested in crypto just in the last few years, and last year alone, 300,000 people were...

  4. Expanding your role as a trusted business adviser

    assistance data provides some insight into the impact of COVID, floods and droughts on Australia’s small businesses over the last few years. “As we came out of lockdowns, payment disputes went through the roof,” he said, noting his office received over...

  5. CA ANZ defends handling of KPMG case

    and its decision in the wake of the scandal to launch a review of its professional standards. The body announced the review last week after hundreds of KPMG accountants were found to have systemically cheated on exams and an inquiry ended with sanctions...

  6. Insolvencies and court action leap in July: CreditorWatch

    The bureau’s July Business Risk Index showed administrations rose 46 per cent and court actions 54 per cent compared with last year, as supply chain issues, declining consumer confidence, rising interest rates, inflation, and labour shortages combined...

  7. 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...

  8. 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...

  9. Insolvencies enter ‘unchartered waters’ during holiday break

    of whether Australia goes into a recession, the economic conditions and revival of ATO debt collection would be the last straw for many SMEs. “We’re likely to continue to see an increase in corporate and personal insolvencies in coming months,” he said...

  10. ‘Too soon to celebrate’ fall in inflation rate

    by the Australian Bureau of Statistics (ABS) with October data yesterday, saw the headline figure fall from 7.3 per cent last month — but many essential items such as fresh produce and fuel are increasing much faster. “While this month’s annual movement...

  11. Fuel, travel and housing drive inflation to 30-year high

    for services (+5.5 per cent) was also the highest since 2008 although goods (+9.5 per cent) showed little change from last quarter. The quarterly rise of 1.9 per cent notched up another milestone. “This is the fourth consecutive quarter to show a rise...

  12. Why cloud tech and AI hold the keys to attracting talent

    and conditions. Industry bodies CA ANZ and CPA Australia alluded to this reality in their submission to the government late last year. “Even accepting the conservatism of the official (ABS) forecasts, in round figures, the growth represents another...

  13. Payroll operators to fortify security after 60% hit by attacks 

    cyber security systems after approximately 60 per cent of global firms were impacted by a data breach at least once in the last 24 months. Automatic Data Processing (ADP) managing director of ANZ, Kylie Baullo, said research by the firm revealed that 44...

  14. Hiring plans hit post-pandemic high, survey reveals

    software specialist. The figure, the best since the Elmo survey of HR professionals began in 2019, shows a big lift on last year when just 50 per cent expected to recruit. CEO and co-founder Danny Lessem was surprised by the overall level of optimism...

  15. Investors vulnerable to financial misconduct ‘despite CSLR’

    protection for consumers. Too many investors will be left exposed to financial misconduct even if the Compensation Scheme of Last Resort (CSLR) legislation is approved by parliament, according to CPA Australia and CA ANZ. CPA Australia spokeswoman Dr...

  16. ATO crackdown focuses on rental properties, work claims, CGT

    relating to producing your rental income.” On work from home expenses, the ATO abolished the shortcut method of claiming last July and introduced a fixed-rate method with a 67c-an-hour deduction in a revised regime with more stringent record-keeping...

  17. Industry, small business urge FWC to dial back minimum wage rise

    The ACTU’s 7 per cent claim is “reckless”, says one industry group, with high inflation and a slowdown in GDP growth. Both small business and employer associations are urging the Fair Work Commission to dial back union demands for a 7 per cent increase...

  18. Are we witnessing a skills recession?

    of Australian companies are experiencing skills shortages. Another 40 per cent said these issues have intensified in the last year, and 78 per cent believe this will negatively impact growth plans. Matthew Dickason, Hays Asia-Pacific chief executive,...

  19. How winning awards bring more than sheen to a career

    who specialises in transfer pricing after working in New York and New Jersey for her previous employer. She joined Mazars last June and said continuous learning is an integral part of her career approach. “I really have a love of learning and wanting to...

  20. Business growth ‘resilient’ despite economic headwinds: COSBOA

    Consumer Price Index (CPI) as a proxy for prices, sales volume rose 6.02 per cent. This is a change of +4.97 per cent since last quarter’s report,” the report said. Small to medium business sales rose 2.29 per cent, according to the report. “Small to...

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