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‘Have to have STP-enabled software’: ATO confirms submission approach

‘Have to have STP-enabled software’: ATO confirms submission approach

by Shared by Accountants Daily | Apr 14, 2019 | News

Speaking on an ATO webcast, assistant commissioner John Shepherd said that he often gets asked whether the Tax Office will allow STP reporting to be submitted through the tax agent portal. Read more at the Accountants Daily. 
Use of AI becomes new norm in financial firms, survey shows

Use of AI becomes new norm in financial firms, survey shows

by Maja Garaca Djurdjevic | Apr 11, 2019 | News

The use of machine learning is pervasive across the financial community and is critical to its success in the future, a survey by Refinitiv found. Despite the fact that 90 per cent of financial firms are use machine learning, either in multiple areas as a core part of...
Small business phone and internet complaints drop in 2018

Small business phone and internet complaints drop in 2018

by Maja Garaca Djurdjevic | Apr 11, 2019 | News

Australian residential consumers and small businesses made 60,998 complaints to the Telecommunications Industry Ombudsman in the last six months of 2018, down 27.7 per cent compared with the same period in 2017. The proportion of complaints from small businesses...
Buy now, pay later apps turn focus to business owners

Buy now, pay later apps turn focus to business owners

by Shared by The Age | Apr 11, 2019 | News

“What we’re seeing now is businesses getting really crunched around payment terms…it’s like there’s a freeze or a jolt in the system,” Cloudfloat founder Aleem Habibullah says. Read more at The Age. 
19k employers, $100m in SG declared during proposed SG amnesty period

19k employers, $100m in SG declared during proposed SG amnesty period

by Shared by Accountants Daily | Apr 11, 2019 | News

Facing questions during the Senate estimates hearing, ATO deputy commissioner James O’Halloran revealed that the ATO has received a “10 to 15 per cent” increase in employers coming forward with outstanding super guarantee obligations since the SG amnesty was announced...
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