Businesses warned about insolvency scams

Businesses warned about insolvency scams

The Australian Taxation Office has released a guide, including a video, advising businesses on the signs of these scams. The ATO reminds businesses that if they are insolvent or struggling to pay debts, it’s important to seek specialist advice from a qualified and...
Rules regarding Commonwealth government contracts

Rules regarding Commonwealth government contracts

If a client is applying for a tender valued over $4 million (including GST) that is subject to the Commonwealth Procurement Rules, they must obtain a Statement of Tax Record (STR) showing satisfactory engagement from us. The ATO said some businesses are losing out on...
Household spending up but only due to higher prices

Household spending up but only due to higher prices

The CommBank Household Spending Intentions Index rose just under 1 per cent in October, with the data revealing that people are spending more on household services, retail, and entertainment, but the numbers also revealed that half the gain in retail spending was...