Government to examine ABN renewal fees

Government to examine ABN renewal fees

In a Treasury consultation paper, the government noted that the Black Economy Taskforce proposed that ABNs should be subject to periodic renewal. It said a renewal process would indirectly address fraudulent behaviour by prompting ABN holders to have closer engagement...
Accountants pivotal in minimising SME financing risk

Accountants pivotal in minimising SME financing risk

KPMG Australia partner for enterprise Dominic Pelligana told Public Accountant of the importance of accountants informing small businesses around accessing patient capital, in particular the proposed Capital Enhancement Fund (CEF) and the Business Growth Fund (BGF) as...
Why the business of SMSFs needs yearly audits

Why the business of SMSFs needs yearly audits

The government decided that well-behaved trustees should be rewarded, and the reward they decided upon was to alter the requirement to have an audit done annually. This reward, if taken up by the trustee, will see the fund having those annual audits done every three...
Employee catch-ups a mental health factor in accounting

Employee catch-ups a mental health factor in accounting

Speaking to Public Accountant, Sky Accountants chief executive Jamie Johns said that, in terms of providing support for employees in terms of their mental health, one of the most important things for partners and managers to do is to have monthly catch ups with their...