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Your guide to eliminating debtors this EOFY

Your guide to eliminating debtors this EOFY

by Practice Ignition | Jun 10, 2021 | Promoted Content

Research has shown that the average debtor days for Australian accounting firms is 53. In addition, average work-in-progress time is 24 days. This means that the average ‘lock-up’ is 77 days (Business Fitness, Good, Bad and Ugly of the Australian...
JobKeeper wind-up hits business confidence: Business NSW

JobKeeper wind-up hits business confidence: Business NSW

by Shared by MyBusiness | Apr 15, 2021 | News

The latest Business Conditions Survey, conducted throughout March, showed that more businesses viewed the economy as getting weaker (39 per cent) than viewed it as getting stronger (29 per cent). Read more at MyBusiness.
‘Unconscious bias’: ATO reviews should rely on independent experts

‘Unconscious bias’: ATO reviews should rely on independent experts

by Shared by AccountantsDaily | Apr 15, 2021 | News

The ATO in March permanently instated its independent review service for small businesses following a successful three-year pilot program which scored the approval of its participants regardless of whether they got the outcome they wanted or not. Read more at the...
ASIC extends temporary financial advice relief measure

ASIC extends temporary financial advice relief measure

by Shared by SMSF Adviser | Apr 15, 2021 | News

The original relief measures were announced on 14 April 2020 and are set out in ASIC Corporations (COVID-19 – Advice-related Relief) Instrument 2020/355 but expired on 15 April 2021. Read more at SMSF Adviser.
NSW announces harsher fines on payroll tax avoidance on wage theft

NSW announces harsher fines on payroll tax avoidance on wage theft

by Slye Joy | Apr 15, 2021 | News

The new legislation will allow for Ministerial Guidelines to be developed, which will set a framework for Revenue NSW’s Chief Commissioner to follow when looking to name taxpayers who have avoided payroll tax on underpaid wages. The legislation will enable Revenue NSW...
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