300,000 SMEs utilising $20K write-off, says ATO

300,000 SMEs utilising $20K write-off, says ATO

Minister for Small Business Michael McCormack said that the average amount claimed through the concession more than doubled in 2015-16, giving a “shot in the arm that small business needs”.“In 2015-16, the number of claims increased by 50,550 and the average amount...
IPA fears for SMEs as STP changes loom

IPA fears for SMEs as STP changes loom

Last month, the government confirmed the introduction of STP for businesses with less than 20 employees from 1 July 2019, as part of its broader intention to penalise non-compliance with superannuation guarantee obligations and its push towards digitisation. Employees...
Accountants urged to prioritise their own mental health

Accountants urged to prioritise their own mental health

In light of Mental Health Week, Petris Lapis, director of her eponymous consulting firm, believes accountants often put themselves last because helping others have become so “ingrained” in them, much to their mental and physical detriment.“Accountants are naturally...
New report outlines accounting employment future

New report outlines accounting employment future

HR think-tank Reventure’s latest Industry Insight report found that professional services such as accounting, legal, and management services were highly likely to be impacted by increased AI presence.The report also found that out of 1,001 Australian workers surveyed,...
Accountants ‘very attractive’ target for cyber criminals

Accountants ‘very attractive’ target for cyber criminals

Today, the Australian Cyber Security Centre (ACSC) released its 2017 Threat Report, revealing that 47,000 major cyber security incidences occurred over the past financial year, a 15 per cent increase from the year before.Deakin University Centre for Cyber Security...