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Funding issues a persistent source of frustration for SMEs, survey says

Funding issues a persistent source of frustration for SMEs, survey says

by Adrian Flores | Jan 20, 2021 | News

The latest SME Growth Index from Scottish Pacific (ScotPac) found that the top three frustrations were loan conditions (84 per cent), having to provide property security (80 per cent) and lack of flexibility (74 per cent), all of which were greater for SMEs than when...
Flashy cars, low income: ATO eyes tax-dodging red flag

Flashy cars, low income: ATO eyes tax-dodging red flag

by Shared by AccountantsDaily | Jan 20, 2021 | News

The extension of the data-matching program will see the ATO continue to collect records from eight state and territory motor vehicle registries for the 2019–20, 2020–21 and 2021–22 financial years. Read more at the AccountantsDaily.
House prices tipped to surge 30% on the back of cheap money

House prices tipped to surge 30% on the back of cheap money

by Shared by Nestegg | Jan 20, 2021 | News

An internal RBA document, made public on Friday, has predicted a 30 per cent growth in property prices over a period of three years if interest rates remain persistently low. Read more at Nestegg.
JobKeeper ruling on backdated ABNs appealed by Tax Office

JobKeeper ruling on backdated ABNs appealed by Tax Office

by Adrian Flores | Jan 19, 2021 | News

In December 2020, the Administrative Appeals Tribunal (AAT) handed down its decision in Apted and Federal Commissioner of Taxation [2020] AATA 5139. It decided that Mr Apted met the requirement to have an Australian business number (ABN) on 12 March 2020 which made...
Super Retail Group hands back $1.7m in JobKeeper subsidies

Super Retail Group hands back $1.7m in JobKeeper subsidies

by Shared by AccountantsDaily | Jan 19, 2021 | News

Super Retail Group, who owns Supercheap Auto, Rebel Sports, Boating Camping and Fishing, and Macpac, announced its decision to return $1.7 million in wage subsidies in a trading update on Monday. Read more at the AccountantsDaily.
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