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  1. Outsourcing contributing to poorer ATO phone service delivery, union says

    tax agents in this review. Agents are reporting an increasingly poor experience with the ATO’s agent phone line over the last two years, citing inconsistent advice and a lack of suitably skilled staff. This is contributing to a general feeling of not...

  2. Outraged CA ANZ member plans AGM assault on board

    are believed to have been sent letters by the body raising sections of its professional code which they did not comply with. Last week just eight unnamed members were sanctioned and in response to criticism CA ANZ issued a statement in defence, reported...

  3. Outdated views of finance deterring women: WGEA

    succession planning, training and development, and resignations. “The levers that we need to pull haven’t altered over the last 15 years. We know what we need to do. It’s about how we’re going to do it,” Dr McCurdy concluded. To hear more from Dr Samone...

  4. Oracle NetSuite announces partnership with mid-tier firm

    accounting firm as part of its business process outsourcing (BPO) partner program launched across Australia and New Zealand last year. NetSuite on Tuesday announced the expansion of its BPO partner program to include a partnership with mid-tier business...

  5. Optus hack puts all Australia on alert, accountants in front line

    far beyond the people directly compromised, cyber security specialist says. The huge hack into Optus customer details late last week will affect everyone in Australia and puts accountants in the front line of fraud prevention, says one cyber security...

  6. Opposition slams 'dirty' tax deal between Greens and Labor

    base indexation and introduces a minimum 30 per cent tax on capital gains with certain exemptions. Speaking in Parliament last night, Senator Slade Brockman labeled the CGT reforms "a retrograde step" for Australia's taxation system that would generate...

  7. Opposition attacks govt over super tax policy

    taxes for the wealthy, declaring current tax concessions for superannuation earnings in retirement unsustainable. Late last month, federal opposition leader Bill Shorten outlined Labor’s tax policy for superannuation if the party is elected to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  8. Opportunity for accountants as SMEs struggle with efficiency

    face. The survey found that 82 per cent of Australian SMEs believe they are operating cost effectively, up from 76 per cent last year. However, in the past 12 months, 51 per cent of businesses surveyed said they had implemented cost efficiency...

  9. Opportunity for accountants as financial advisers reach ‘distrusted’ rating

    opportunities to accountants giving advice. The 2018 Financial Advice report by Investment Trends has revealed that over the last 12 months, trust levels have fallen most severely for banks and financial planners to below five out of 10, and into the...

  10. Opportunities in the corporate bond market

    bonds with a fixed coupon. Floating rate bonds are bonds that deal as a margin to the bank bill swap rate (BBSW), and the last bond is the inflation-linked bond where the performance of the bond is linked to the quoted inflation number. There are other...

  11. Opportunities for Australian businesses in Asia

    of M&A transactions globally reached AU$1.83 trillion in the first half of 2014, an increase of 41 per cent on the same time last year. Appetite for domestic M&A is also increasing with Clayton Utz declaring in its Improved Levels of M&A Activity 2014...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  12. Online spending up $200 in ‘strong finish’ to 2023

    them to capitalise on the uptick in consumer confidence, Airwallex says. Consumers spent nearly $200 more on average online last year thanks to a surge in the final quarter of 2023, indicating a “return to online spending growth”, according to...

  13. Online lodgement deferral system a hit with users, ATO says

    applications decreased from 1,900 at the end of June to just 370 at September, with some agents using both methods. Last week the ATO said it was dismantling what remained of the old process. “Following the successful implementation of the lodgement...

  14. Ongoing job losses spur renewed calls for national wage subsidy

    continue to reveal inequities and encounter delays. New payroll data released by the Australian Bureau of Statistics (ABS) last week showed a 9.2 per cent job decline in Western Sydney over the first five weeks of Greater Sydney’s lockdown, which took...

  15. Ongoing and Changing Security Needs in the New Normal

    the following basic measures: Be aware of the latest security trends. Albarella says scammers' focus has been fluid over the last several months. Whereas the focus during the early stages of the pandemic was on targets seeking virus-related information...

  16. One-off travel agent grant sees $33m paid out

    turnover of between $50,000 and $20 million in the 2019 calendar year. The $128 million grant program opened on 14 December last year and has so far seen around $33 million paid out ahead of its 13 March end date. Minister for Trade, Tourism and...

  17. One more rate rise could tip us into recession, says Deloitte

    income per capita – a key measure of prosperity – is falling, and will finish the current financial year at levels last seen before the onset of the pandemic. There is no doubt that Australian households are starting to hurt.” He said last year’s...

  18. One last chance to tell the ATO how you feel about s100A

    draft guidance proposed to be incorporated into the final Practical Compliance Guide (PCG). This will be possibly the last chance to have your say before the ATO guidance is finalised. Distributions to corporate beneficiaries It is first worth noting...

  19. One in four households raids savings to make ends meet

    mirror to a nation dealing with surging inflation and cash rate rises. “There has been unprecedented financial change in the last 12 months and unfortunately the turmoil doesn’t look likely to end anytime soon,” Mr Zeller said. “A $500,000 variable...

  20. On-demand webinar: Taking the worry out of increasing your fees

    Townsend, Founder, The Accountants Millionaires’ Club. Heather is the author of 'The Accountants Millionaires' Club'. In the last year her clients have added over £1 million in fees to their client portfolio. Myles Mclaren, Accountant Specialist,...

    • Type: Article
    • Author: GoCardless
    • Category: Business
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