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  1. JobKeeper documentation ‘absolutely critical’ in ATO audit

    did you establish your turnover for a particular period in 2020? How did you show that the turnover was down 30 per cent on last year?” The ATO’s recently published LCR 2020/1 has stated that the Tax Office will allow for some tolerance around turnover...

  2. JobKeeper changes set for 23 July: Frydenberg

    expected to be finalised by the end of June. Despite Prime Minister Scott Morrison dismissing drastic changes to the program last month, Mr Frydenberg has now hinted that the $1,500 flat-rate payment could be overhauled to prevent overpayments to some...

  3. JobKeeper ‘one in, all in’ rule forcing tough decisions

    difficult conversations within businesses, with accountants advised to lean on employment lawyers in certain scenarios. Late last week, Treasurer Josh Frydenberg reiterated the importance of the “one in, all in” principle of the JobKeeper scheme, noting...

  4. Job losses rise to 280k through lockdowns

    rate rose 0.1 per cent, up from 4.5 per cent to 4.6 per cent through September, as job losses rise to 281,000 over the last three months. ABS head of labour statistics Bjorn Jarvis said the fall was led by marked labour market shifts in NSW and...

  5. Job ads jump in August driven by NSW, Qld demand

    above its level of 100 in 2019. “Australian job ads are showing surprising resilience, rising 2.6 per cent over the last two months,” ANZ economist Madeline Dunk said. “We expect the buoyancy in ANZ-Indeed Australian job ads to fade as the economy...

  6. Jirsch Sutherland joins international insolvency network

    foothold in the region. The appointment emerges as an exciting opportunity for the firm, which opened talks with the network last year, said Brad Morelli, national managing partner at Jirsch Sutherland. “We are thrilled to have joined GRIP,” Mr Morelli...

  7. It’s time for business funding transparency

    Accountants are time-poor and largely overworked. Researching and identifying different funding options is probably the last thing they want to be doing. While some clients will use a mortgage broker, they may not have an experienced professional to...

  8. Is your practice software firmly stuck in the past?

    and even online document approval for multiple approvers – implemented in the firms we classify as ‘future fit’. Over the last 10 to 15 years many accounting firms have seen the business context in which they operate change dramatically. Cloud...

    • Type: Article
    • Author: Content Partner
    • Category: Technology

  9. Is your ‘new financial year’s resolution’ to improve your business health?

    Planning. Estate planning is more than just having an up to date will, however if you haven't reviewed your will in the last couple of years, now is the time to make sure it accurately represents your wishes. Making time to review your assets and...

  10. Is the hype around the new super changes warranted or simply codswallop?

    concern to me, primarily because it appears to ignore business owners. Most business owners that I have worked with over the last thirty years invariably reinvest all their available cash back into growing their business; this is in addition to paying...

  11. Is the death knell upon bookkeepers in 2019?

    business owner to see the present clearly and predict the future? Well, it’s simply…... Magic. Is compliance dead? For the last five years, we have seen an influx of messaging from the accounting and tech industry on how bookkeepers really need to be...

  12. Is the Commissioner’s speech a turning point for the profession?

    the road’ for tax agents. I want to be expectant that the Commissioner’s stated intent will be followed through because the last, say, 15 years of experience by tax agents has been one of feeling unappreciated, unrepresented and being seen as the...

  13. Is the ATO awakening?

    while the Australian Tax Office had cut businesses some slack because of the pandemic, this generosity wasn't going to last forever. And while the ongoing pandemic and recent lockdowns saw the ATO again ease back on debt collection, there are signs it...

    • Type: Article
    • Author: Glenn Crisp, Managing Partner, VIC - Jirsch Sutherland
    • Category: Regulation

  14. Is ranking highly in Google really important for your accounting firm?

    pretty nice holiday. So how do you achieve the legendary first place in Google? And once you get there, what happens? In the last decade, I’ve worked with hundreds of accounting firms across the English-speaking world, helping them with their websites...

  15. Is Marketplace Lending a Good investment?

    better than our ​investor page​. Where is it heading Peer to peer lending represented 24% of all personal loans in the U.S. last year and it seems certain to grow further in Australia. For those looking for investment options for their SMSF or hoping to...

    • Type: Article
    • Author: Content Sponsor
    • Category: Business

  16. Is it time to talk about quotas in financial services?

    cent, the second-largest gap among all the industries included in the report. According to government projections released last year, it will take another 26 years to close Australia’s national gender pay. The issue of quotas is complex and requires the...

  17. Is commercial property the golden goose of an investment portfolio?

    are relying solely on capital growth for an investment return. “Residential property has seen strong capital growth over the last few years but with many experts predicting that market has peaked or is close to peaking, there is a very real risk that...

    • Type: Article
    • Author: Content Partner
    • Category: Business

  18. Is behavioural finance impacting the advice you give clients?

    clients who are resistant to listening to or adopting the advice of their accountant. Speaking at the Access All Areas event last week in Melbourne, Goldi Group founder Amy Fox uncovered the psychology and influence involved with behavioural finance and...

  19. Is bank mistrust breeding financial criminals?

    using a Ponzi scheme method. But eventually he left his victims penniless. He was eventually captured by police and in June last year was jailed for up to 16 years. But the money he stole is long gone. No remediation programs being announced from this...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  20. IRS, ATO data causing a stir

    are not particularly well understood, especially in a superannuation context. For example, Moodys Gartner director Roy Berg last year explained that it’s not strictly US citizens that are subject to US estate tax, in a podcast with Accountants Daily....

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