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Jobs decline in first fortnight since slashing of JobKeeper

Jobs decline in first fortnight since slashing of JobKeeper

by Shared by MyBusiness | Nov 4, 2020 | News

Payroll jobs fell by 0.8 of a percentage point across the fortnight to 17 October, according to the latest figures from the Australian Bureau of Statistics. Read more at MyBusiness. 
Accounting firm cops fine in accessorial liability case

Accounting firm cops fine in accessorial liability case

by Shared by Accountants Daily | Nov 4, 2020 | News

The Federal Circuit Court has ordered Keith Golding & Associates Pty Ltd to pay a $5,000 penalty for its involvement as an accessory for its massage parlour client’s false-records breaches. Read more at Accountants Daily.
RBA cuts cash rate to a new record low

RBA cuts cash rate to a new record low

by Maja Garaca Djurdjevic and Adrian Flores | Nov 3, 2020 | News

In addition to cutting the official cash rate to a new record low, the RBA has introduced a number of elements to prop up the economy including the purchase of $100 billion of government bond of maturities of around five to 10 years over the next six months, a...
Proposed SMSF reporting measures slammed as ‘unreasonable’

Proposed SMSF reporting measures slammed as ‘unreasonable’

by Shared by SMSF Adviser | Nov 3, 2020 | News

The Treasury recently released for consultation a range of miscellaneous amendments to portfolio laws which include a significant change to the reporting obligations for SMSFs. Read more at SMSF Adviser. 
Treasury details JobMaker rules, eliminates sole traders

Treasury details JobMaker rules, eliminates sole traders

by Shared by MyBusiness | Nov 3, 2020 | News

The Treasury has released the exposure draft Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 9) 2020 for consultation, while the legislation itself is being debated by the Senate economics legislation committee, with a report...
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