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  1. C-suites must refocus on security as cyber threats rise: BDO

    in the digital world. We have traditional threats, like ransomware attacks, that will likely persist as evidenced by the last seven years of survey data, accompanied by an increase in crypto-mining malware and phishing,” said Mr Fouche. “On top of that...

  2. By the Numbers: Think 1300 to Boost Your Image and Reach Small Accountancy Business?

    Benefits of a 1300 number Easier for clients to remember than a regular landline – especially if you use phone words for the last six digits. Provides the professional image of a large firm, even for a very small accountancy business. It’s easy to set...

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

  3. Buyback law closes loophole ‘but franking credits here to stay’

    Mr Jones said the government was releasing draft legislation on the changes today following their announcement in the budget last month. “It’s about ensuring that the system we have operates with integrity and fairness. They close a loophole which...

  4. Buy now, pay later needs greater regulation, says CPA

    across a variety of buy now pay later platforms, and users made an average of 16.6 transactions at an average value of $151 last year,” said Dr Schmitz. “And in the financial year of 2021 in Australia, buy now pay later services contributed a whopping...

  5. Businesses, accountants urged to get prepared

    in the previous year. Oneflare CEO Adam Dong said that a staggering number of people and businesses are leaving it until the last minute to get financial guidance for tax time. "Although many businesses work with bookkeepers or accountants on a monthly...

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

  6. Businesses wean themselves off government support as conditions improve

    it to be easy, or very easy, to meet financial commitments over the next three months, compared to 23 per cent in August last year, while reports of decreased revenue halved. “This latest survey also showed the proportion of businesses reporting...

  7. Businesses urged to adopt cloud this financial year

    competitive, resulting in falling prices. This, he said, combined with the generous small business tax concessions in last month's federal Budget, provides the perfect environment for businesses to upgrade their accounting software. “Especially with the...

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

  8. Businesses to face $50m fines under new anti-scam laws

    the government’s $154 million anti-scam plan and follows the establishment of the National Anti-Scam Centre within the ACCC last year. Explanatory materials said a new, comprehensive framework was needed to address “piecemeal and inconsistent” scam...

  9. Businesses threaten: No more tax until client linking fix

    their ABNs on the Australian Business Register. Mr Addison quoted one business giving up in frustration as saying: “Over the last four days I have spent hours and I keep running into brick walls … we will need to put things on hold.” Businesses that...

  10. Businesses stall on payment times as credit enquiries rise

    payment times in April. “It is concerning... that twice as many industries reported a deterioration in payment times versus last month,” said Patrick Coghlan, CEO of CreditorWatch. “This is to be expected following the withdrawal of JobKeeper — the...

  11. Businesses must be aware of employee share scheme obligations

    and retain staff during the skills shortage, with the director at DMCA Advisory, Tania Tonkin, telling Accountants Daily last year that businesses should look at the method. “Having a scheme for employee buy-in makes for a more equitable environment –...

  12. Businesses must account for family and domestic violence leave

    it becomes available from 1 February. The additional leave, which was announced by Employment Minister Tony Burke in October last year, entitles full-time, part-time and casual employees 10 days of paid leave each 12 months. The family and domestic...

  13. Businesses must ‘embrace internal auditors as strategic partners’

    the affairs of a company have become more stringent,” Kukreja said. Joe Longo, the corporate regulator’s chair, said last month there was an expectation for directors to stay on top of their responsibilities and regulatory developments in ESG and...

  14. Businesses ill-equiped to deal with rising threat of deepfake scams

    it is critical that organisations have appropriate controls and training to deal with these emerging threats. In February last year, it was reported that scammers were able to siphon $25 million from engineering firm Arup through an AI-manipulated...

  15. Businesses hit by cyber crime every 6 minutes, ASD says

    of the industry. A cyber crime was reported every six minutes and cost small businesses an average of $46,000 last financial year, the Australian Signals Directorate says, as incidents surged 23 per cent. The federal agency responsible for cyber crime...

  16. Businesses given a month to implement updated ATO tax tables

    its withholding schedules and tax tables to reflect the new personal income tax thresholds that were passed by Parliament last week. The changes will apply to payments made on and from 13 October this year, with employers now given until mid-November to...

  17. Businesses ghosting the ATO targeted in debt collection blitz

    enforcement action comes at a time when DPNs are at historically high levels, with 26,702 notices worth $4.4 billion issued last year. It is a 50 per cent jump from the 2022–23 income year which saw 17,459 DPNs issued for $2.87 billion in debts. Experts...

  18. Businesses from ‘accountants to zoos’ demanding end to JobKeeper: Acting PM

    incomes by around $7 billion. “$7 billion has flowed through the tax cuts to the pockets of Australian families over the last six months and more than $1 billion a month will be flowing over the next nine months,” Mr Frydenberg said. “Household...

  19. Businesses forced to pay more to retain and attract reliable employees

    working conditions over the past year to retain and attract skilled workers. A recent report by Business NSW found the last 12 months had been a significant battle for SMEs trying to remain competitive in the hunt for reliable labour. The report, State...

  20. Businesses can’t force staff to be vaccinated: Fair Work

    employees to be vaccinated,” Christian Porter, Attorney-General and Minister for Industrial Relations, said in a statement last week. “As the Prime Minister has said many times, the government expects that the overwhelming majority of Australians will...

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