Regulation

ATO ditches November ID deadline for resigned directors

Draft legislation narrows the scope of the number scheme following criticism that it cast the net too wide.

16 November 2022 • By Philip King, Miranda Brownlee

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Business

Small business must be ruthless over payments: CreditorWatch

All signs point to a downturn, the agency says, and SMEs are in the front line.

16 November 2022 • By Philip King

Technology

MYOB and Figured launch agribusiness integration

The two combine to deliver a comprehensive accounting and production tracking system for the farming sector.

16 November 2022 • By Josh Needs

Tax

Crypto a ‘minefield’ of tax and regulation

Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned.

16 November 2022 • By Malavika Santhebennur

Tax

Budget increase plus CPI will push up lodgement penalties 35%

Fines for individuals could exceed $1,500 and for big business more than $750,000, says the Tax Institute.

15 November 2022 • By Josh Needs

Business

One in four big businesses takes 120 days to pay up

“Appalling” figures show SMEs are kept waiting four months or more.

15 November 2022 • By Philip King

Tax

Higher tax or audit: the professional firm profits dilemma

Warn clients now about what PCG 2021/4 means for allocations, accountants told.

15 November 2022 • By Josh Needs

Super

Super balance cap would destabilise the system: TSA

Confidence is crucial for people when retirement planning, says the professional body, and would be unfair to those...

15 November 2022 • By Philip King

Technology

Build an enviable advisory offering with predictive modelling

Accurately predicting where a business will be in the future is critical, particularly as costs continue to rise. Find...

14 November 2022 • By Futrli

Technology

Five critical lessons from the increase in cyber crime

Straightforward steps can minimise the risks that no one can afford to ignore.

14 November 2022 • By Gerard Mondaca

Appointments

Internal mobility ‘magic ingredient’ for staff retention: LinkedIn

Financial service employees offered a promotion or opportunity are much more likely to stay at the firm, survey finds.

14 November 2022 • By Keeli Cambourne

Business

Construction industry next under ESG microscope

The construction sector was found to be responsible for approximately 40 per cent of global energy-related carbon...

14 November 2022 • By Josh Needs

Technology

BzTrack launches B2C invoicing software for SMEs

One Adelaide company has developed a single sign-on platform aimed at helping small businesses tackle billing...

14 November 2022 • By Keonia Swift

Business

Insolvencies enter ‘unchartered waters’ during holiday break

Small businesses are feeling the pinch with construction and retail in critical territory, Insolvency Australia says.

14 November 2022 • By Philip King

Business

Are you the ‘average accountant’? Census data gives up its secrets

The Benchmarking Group has mined the latest tranche of census data for the rich seams of information it holds about...

11 November 2022 • By Julia Thomson

Regulation

Excessive ATO assessment? Know your rights to object

As more resources are directed at compliance, tax disputes are likely to rise and the burden of proof is on the...

11 November 2022 • By Jeremy Makowski

Business

COSBOA joins demand for changes to IR bill

Business groups large and small have united to push back on the provisions despite a raft of government amendments.

11 November 2022 • By Keeli Cambourne

Appointments

AASB and AUASB appoint additional members

Both boards expand to cope with the extra responsibilities of ESG reporting.

11 November 2022 • By Josh Needs