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  1. Law firm mulls class action against Optus, SMEs ‘sitting ducks’

    to help businesses. Law firm Slater & Gordon is investigating a possible class action against Optus over its data breach last week that compromised the personal details of millions of customers and reveals small businesses are “sitting ducks” for...

  2. Law firm eyes mid-tier accounting firms in M&A expansion plans

    Gerry Cawson mirrored predictions on the M&A market, and said its expansion in Sydney was a natural progression. “Over the last 18 months we've seen an uptick in M&A activity — I’ve not seen anything that suggests that's about to slow, I think that's...

  3. Latitude rebuffs ransom demand from cyber criminals

    a ransom demand from the cyber criminals who made off with the personal details of millions of present and former customers last month. “Latitude will not pay a ransom,” the company said in an update to the ASX. “This decision is consistent with the...

  4. Latest tech updates for the accounting space

    for both investors, customers and product development was a 3 by 3. 3 core markets - US, UK & AU. Notably US first and AU last. Yikes! And to prioritise 3 areas, core accounting, payroll & payments (getting paid and paying your vendors). Many of the...

    • Type: Article
    • Author: Heather Smith, ANISE Consulting
    • Category: Technology

  5. Latest research divided on growth plans for accounting firms

    only deliver one service? “Not to do so – means there is a huge opportunity cost for both the client and the practice. The last thing any accountant wants is to lose a client because they not delivering the right services.”

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

  6. Latest Covid wave ‘creating chaos’ for audits

    having a substantial impact on SMSF audits and the profession generally. “Instead of just dealing with a lockdown as we did last year we now have many firms with infected staff, clients unable to respond to queries as they can’t obtain info for whatever...

  7. Latest AFSL crackdown a warning to accountants

    Following licence cancellations last week, it is clear ASIC isn’t holding back on cancelling AFSLs that don’t comply with their audit requirements, sending a warning to recently licensed accountants. Last week, two financial planners had their AFS...

  8. Later retirement takes oldies back to living in ’70s  

    into full-time employment, while an increase in less physically demanding jobs had seen men work later in life. “Over the last 30 years we’ve seen a shift towards service-based jobs and away from more physically demanding jobs,” said Mr Rawnsley. The...

  9. Late payments threaten 4 in 5 businesses: CreditorWatch

    three or more defaults.” The survey found: 82 per cent of respondents had experienced late or overdue payments over the last six months. 37 per cent of businesses commonly experienced payments more than 30 days late. The most common arrears period among...

  10. Late payments endemic hitting accounting industry

    Mr Seward said. “In fact, more than half (54 per cent) of Australian mid-sized businesses unlocked $1.84 billion in savings last year through negotiating early payment discounts with their suppliers, leaving them open to extra cash flow to reinvest back...

  11. Last one out for Christmas please arm the alarm!

    Ensure physical files are locked away and log out of all devices before heading on holiday, say the ATO and CPA Australia. Lock away physical files and log out of all devices before shutting down for Christmas or put your business at risk, say the ATO...

  12. Last chance to nominate your rising stars for the 30 Under 30 Awards

    Nominations for the inaugural Accountants Daily 30 Under 30 Awards close this week, with young accounting professionals reminded to get their entries in. Accountants Daily, together with principal partner MYOB, encourage young accounting professionals...

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

  13. Last chance to expand into Asia, says PwC

    work. Along with large local businesses, they are now the competition – and they are world-class competitors.” Mr Parker last week launched the report Passing us by: Why Australian businesses are missing the Asian opportunity. And what they can do about...

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

  14. Last chance to enter the Women in Finance Awards

    Submissions are flooding in for the annual Women in Finance Awards, and entries close at the end of this week. Accountants Daily, together with AMP Bank, encourage female leaders in finance to get their submissions in ahead of this Friday’s deadline....

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

  15. Last chance saloon for large employers as STP penalties kick in

    now to say this is your final reminder now that you should have been reporting by now and that we are giving you that last notice before penalties may apply for not having transitioned into STP. “You’re not covered by that grace period anymore and it is...

  16. Last chance for accountant accused of misleading, deceptive conduct

    An accountant facing accusations that he caused clients to enter loans, asset purchase agreements, and investment transactions “without proper disclosure or advice” has been warned of the consequences of not engaging with the court. A business owner’s...

  17. Larger firms targeted as Xero announces new partnership

    software provider hoping it will fill a market gap for larger firms. GreatSoft, which entered the Australian market last year, is used by over 1,000 firms across 19 countries, with many of these being big four and top-tier firms. Xero managing director...

  18. Large corporations cough up $100bn in corporate tax

    $100 million to $200 million was reported. According to the report, most sectors demonstrated an increased tax payable from last year. Previously the mining sector contributed a substantial tax contribution, however this year the oil, gas and coal...

  19. Landlords who ‘double dip’, fudge deductions in ATO crosshairs

    focus areas for tax time. The other focus would be incorrectly claimed WFH deductions incomplete tax returns, the ATO said last month. The most common mistake among landlords was misunderstanding what expenses could be claimed and when, especially for...

  20. Ladies, we need to talk about money

    some of it towards your super? A little bit extra goes a long way, particularly when you consider that money you invest from last year’s tax cheque is tax deductible this year, meaning you’ve got more to invest in tax-deductible super contributions....

    • Type: Article
    • Author: Geraldine Magarey, CA ANZ
    • Category: Business
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