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Queensland’s Small Business Commissioner and office now permanent

Queensland’s Small Business Commissioner and office now permanent

by Keeli Cambourne | May 3, 2022 | News

Minister for Employment and Small Business Di Farmer said the appointment allowed the Small Business Commissioner to continue providing small businesses with ready access to support, information and advice, and reduce the time and costs associated with resolving...
Accountants at the center of responding to inflation and the supply chain crunch

Accountants at the center of responding to inflation and the supply chain crunch

by Stathis Gould Director, Advocacy, IFAC | May 3, 2022 | Features

Inflation rates and inflationary pressures in most major economies have reached levels not seen in 40 years or more. Once in a generation challenges present new market realities with risks and opportunities arising from: Legacy supply chain and capacity issues from...
Tax benefits for unused ‘carry forward’ concessional superannuation contributions

Tax benefits for unused ‘carry forward’ concessional superannuation contributions

by Joanne Johnston, Partner, Business Services, Tax & Advisory | May 3, 2022 | Blog

In place since 1 July 2019, the ‘carry forward’ rules are: A concessional contribution is defined as a pre-tax contribution to your super fund Concessional contributions are taxed at a flat rate of 15 per cent in your super fund. Concessional contributions can come...
Bookkeepers, accountants to remain ‘essential’ despite AI

Bookkeepers, accountants to remain ‘essential’ despite AI

by Shared from accountantsdaily.com.au | May 3, 2022 | News

Matthew Addison, who is chair of the Council of Small Business Organisations of Australia and executive director of the Institute of Certified Bookkeepers, said “artificial intelligence” is a misnomer and businesses will still need accountants regardless of how good...
Australian regulator presses banks to update online payments tech

Australian regulator presses banks to update online payments tech

by Shared from Yahoo Finance | May 3, 2022 | News

In a speech on Tuesday, the Reserve Bank of Australia’s (RBA) head of payments policy Ellis Connolly said some major banks had recently indicated they would be unable to meet a commitment to launch a new PayTo system for direct debits by July. Read more at Yahoo...
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