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  1. A day to remember

    $2,700 each. And the ATO was taking a special interest in WFH deductions with 4.1 million taxpayer claims already exceeding last year’s figure and a huge increase on 2019, when there were just 1.4 million. “We’re noticing weird and wonderful claims...

  2. A closer look at the proposed changes to DPT

    changes, which are inconsistent with and go well beyond internationally accepted rules which have been negotiated over the last two years through the monumental G 20/OECD BEPS process. This is ironic given the role Australia played in the BEPS process...

  3. A CFO’s guide to the biggest financial questions of 2021

    growth strategies which arrive out of impetus for change. Strategic growth strategies which have been put on hold for the last year, but already approved at board level, are ready to be executed. Q: What are the biggest challenges as a CFO in 2021? What...

    • Type: Article
    • Author: ORB Alternative
    • Category: Business

  4. A 'win-win' deal: Reckon confident post-sell off

    sale of its accountants practice management division will enable it to have a “laser-like focus” for its product base. Last month, Reckon announced the sale of its accountants practice management division to accounting software provider MYOB in an...

  5. 90% of SMEs to dial back borrowing in 2024, survey finds

    and 15 per cent struggling to pay staff, he said. “Economic growth in Australia is still below historical trends in the last quarter, so it makes sense that businesses are playing it safe.” “There are a lot of financial pressures in play right now, so...

  6. 9 in 10 accounting firms set to deliver a minor pay rise

    of employers will increase their accountancy staff salaries in their next review, up from 87 per cent who did so in their last review. However, 65 per cent of employers were looking to raises salaries at just 3 per cent or less, with only 4 per cent of...

  7. 80¢ per hour work-from-home deduction method extended

    the third time the Tax Office has chosen to extend the shortcut method, after it was first due to expire at the end of the last financial year, then September 2020, and more recently, at the end of December 2020. Conversely, the ATO’s updated Practical...

  8. 80,000 Aussies set to receive super alert from ATO

    will be directed its way, but nonetheless professionals should be aware that their clients may be contacted. As of 30 June last year, over half the amount of lost super held by super funds belonged to people aged 40-55. Professionals should also be wary...

  9. 8 steps to follow when making job offers to accountants

    Promoted by Accountests Losing your preferred candidate at the last hurdle in the selection process is a demoralising and expensive experience. Avoid repeating it by following the 8 steps used by professional recruiters: Current global events have...

  10. 8 months after suicide, nervous EY staff await review ‘in weeks’

    an independent report as employee concerns over safety increase. The findings of a review into the suicide of an EY employee last August are due “within weeks”, the firm says, as staff increasingly share concerns about safety in the absence of any news....

  11. 8 Malaysians arrested over alleged myGov phishing kits

    storage device. AFP Acting Detective Superintendent Darryl Parrish said phishing attacks cost Australians almost $25 million last year. “Cybercriminals will use any tools and tricks to exploit people for their own profit – in this case, it is mimicking...

  12. 75% of shoppers to scale back Christmas spending, PayPal says

    18 and 75 found that the percentage of respondents intending to buy less this Christmas rose by 35 per cent compared to last year when inflation and interest rates were less prominent. But while the vast majority of shoppers said they would be cutting...

  13. 70% of turnaround experts expect recession within a year

    professionals expect Australia to be in a recession within 12 months in a sharply pessimistic change of mood since last year, according to a survey by KordaMentha and Turnaround Management Australia. Just 27 per cent thought a recession was likely in...

  14. 70% of female business leaders struggle to obtain funding

    why we made a $500 million commitment to back more women in business,” she said. “Since we announced the commitment in March last year, I am proud that we’ve injected over $274 million of capital to support female entrepreneurs, helping more than 726...

  15. 7 powerful strategies to increase your client retention

    care,” still rings true. When you add a new client to your practice, making a good first impression helps the relationship last. Little touches, such as “welcome to the family” emails, handwritten thank you notes, and adding, “Your business is...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Business

  16. 7 company failures and $1.3m in tax debts see director banned for maximum period

    a director of seven companies that failed while owing the ATO at least $1.3 million. All seven companies failed within the last seven years. The seven companies were The Farm Wholefoods Potts Point Pty Ltd; Sumbar Pty Ltd; XXX Consulting Pty Ltd; TFW...

  17. 68% of accountants reject the idea of replacing workers with AI

    freeing up crucial time for higher-value advisory work. Following the results of this study, a panel at Xerocon 2025, held last week in Brisbane, urged small practitioners not to lose their ‘human edge’ when embracing new technologies such as AI. As...

  18. 60% of SMSF trustees eyeing advice from their tax accountants

    practice they've got a lot of small businesses and they are doing the audit, the tax work for individuals, and the last thing they want to do is move into a financial planning business which could damage their relationship with the companies that they...

  19. 6-member SMSFs still sparking client interest

    paid on contributions. Following its election loss in 2018, Labor Party leader Anthony Albanese confirmed in a speech late last week that changes to franking credits were firmly off the table for the next election. “I can confirm that Labor has heard...

  20. 6 cash control tools every business should monitor

    acceptance of credit and debit cards, the need for petty cash should be just about zero. Where it is used, it should be a last resort only, and subject to strict rules about what it can and can’t be used for. It should be eliminated if at all possible....

    • Type: Article
    • Author: CashFlowMapper
    • Category: Business
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