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  1. SMC urges government to ‘safeguard’ Australian super

    Using super for house deposits will lead to a spike in property prices and upward pressure on rental payments, according to research by the Super Members Council. New research by the Super Members Council suggests the coalition policy to use super for...

  2. Smart SMEs utilise data, says Deloitte

    cloud used by the smartest SMEs alongside social and mobile to better connect with their customers in real time, anytime. Lead researcher and Deloitte Access Economics Director, John O’Mahony said the survey paints a picture of an increasingly...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  3. Small change to secrecy provisions could combat phoenix activity: Joint bodies

    for new tax regulator secrecy provisions, as previously reported. Belinda Zohrab-McConnell, regulations and standards lead for CPA Australia, said the confidentiality of protected information was integral to maintaining taxpayer confidence to openly...

  4. Small businesses may ‘collapse under strain of payday super’, IPA warns

    to accommodate the more frequent payment of SG. The association also warned that more frequent SG contributions will lead to higher costs for employers by way of processing costs and higher transaction and servicing costs. “In addition, the cashflow...

  5. Small businesses in need of a Christmas pick-me-up

    the likelihood that “it will take a while for small businesses impacted by lockdowns to get back on their feet”. “As we lead into the festive season and summer holidays, it’s really important that Australians continue their support of small businesses,...

  6. Small businesses ‘overwhelmed’ by EOFY tax compliance, survey finds

    or receipts (32 per cent), forgetting to claim a significant deduction (31 per cent), entering incorrect figures that lead to tax errors (14 per cent) and accidentally deleting crucial financial records (11 per cent). Respondents said the biggest...

  7. Small business ombudsman to undergo review

    creation, this process will help ensure that support is targeted in the right places.” The review team will be chaired by a lead reviewer, Su McCluskey, assisted by a secretariat, and is required to be completed by no later than 30 June 2017. A...

  8. Small business must be ruthless over payments: CreditorWatch

    payments was starting to have a serious impact. “Trade receivables continue to decline and trade payments defaults, a lead indicator of insolvencies, are at their highest point since October 2020,” he said. “Small businesses are crying out for...

  9. Small business ‘needs triple-pillar of Budget support’

    technology support because of the government’s strategy to become a top 10 digital economy in 10 years. But Asia would still lead the way. “Our competitors are putting a lot more money into helping the SME sector succeed in this digital environment than...

  10. Small business ‘dying from a thousand cuts to consumer spending’

    a busy Christmas that doesn’t eventuate and then they’ve got cash outflows without the money coming in, which could lead to a lot of discounts to move the stock early next year.” “We probably will see a spike but we’re concerned it won’t be the same as...

  11. Small biz accountants, bookkeepers on notice as audit locked in

    various industries, including retail, accommodation and food services. “Businesses should be warned that non-compliance can lead to action ranging from formal cautions and on-the-spot fines to litigation for the most serious breaches,” said Fair Work...

  12. Skills shortage driving SMEs to the brink, says Insolvency Australia

    Mr Calabretta. “It creates a domino effect where the staff shortages result in a loss of customer service and ultimately lead to reduced revenue.” Mr Calabretta said moves by the government to ease staff shortages with visa rule changes might not come...

  13. Skills in demand this financial year: part 1

    be the implementation of new add-on systems to automate finance processes and improve efficiency. In some cases this will lead to redundancies, however there’s also a real focus from employers on upskilling top employees in order to redeploy them into...

  14. Six out of 10 employees distrust artificial intelligence

    to make AI safe, the study found, with many saying inadequate regulations had failed to keep up over the past two years. Lead partner at KPMG Futures James Mabbott said a lack of trust in organisations and the government was also influential. “A key...

  15. SISFA warns against special treatment for accountants in advice reform

    Association (SISFA) has warned that further special regulatory treatment for accountants giving advice to SMSF clients would lead to poor outcomes for consumers, as the joint industry body working group gears up to take a proposal for a reformed...

  16. Side hustlers could be slapped with large tax bills this year, warns CPA

    required to report the income earned by their users under the Sharing Economy Reporting Regime (SERR). Jenny Wong, CPA tax lead, said workers who had earned money through UberEats, Airtasker, YouTube and OnlyFans and did not report and pay tax on the...

  17. Shrinking planner pool tipped to encourage merging of professions

    pin instead,” Mr Kalachian said. “So, it doesn’t surprise me that that's happening.” Mr Kalachian believes that this will lead to further convergence of the accounting and financial planning industries, as their education requirements level out. “I...

  18. Should I employ tech-savvy people or invest in training my staff?

    use – Ensure you tie the training with their current job requirements. Remind staff that additional knowledge could lead to a future promotion or pay increase. Break it up into small steps – Be patient. Some employees may pick it up quickly, but others...

  19. Shoppers OK with theft as cost of living bites

    found one-third of respondents said return fraud was justifiable, such as lying about the reasons for returning a product. Lead researcher Stephanie Atto from the Australian Consumer and Retail Studies group, which produced the Cost of Living and...

  20. ShineWing targeting big four partners

    reported in AccountantsDaily, the Australian arm of the Chinese giant recently recruited Stuart Cioccarelli from Deloitte to lead its new Brisbane office and, according to managing partner Marco Carlei, lateral recruitment is set to continue. With the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
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