Small business falls short on client management software

Small business falls short on client management software

The Deloitte Access Economics report, ‘Small business imperatives for the digital age’, found that only 30 per cent of small businesses use customer relationship management (CRM) software.Those businesses earn 28 per cent more revenue on average than those...
Accounting ‘headache’ looms with GST settlement changes

Accounting ‘headache’ looms with GST settlement changes

From 1 July, purchasers of new residential premises or potential residential land are required to withhold an amount from the price of the supply for payment to the ATO.The amount withheld is generally either 1/11th of the contract price for fully taxable supplies, 7...
IPA highlights ’serious’ tax gap issue for accountants

IPA highlights ’serious’ tax gap issue for accountants

According the ATO’s ‘Individuals not in business tax gap’ report, the random enquiry programs (REPs) for 2013-14 and 2014-15 found that 72 per cent of the 858 tax returns in its random sample contained errors.It found 78 per cent of agent-prepared returns contained...
SMEs set to benefit from new lending code

SMEs set to benefit from new lending code

Online lenders Capify, GetCapital, Moula, OnDeck, Prospa and Spotcap have signed on to a Code of Lending Practice outlining a series of best practice principles that will standardise transparency and disclosure in relation to the unsecured small business loans they...
Strange tax claims creating ethical accounting dilemmas

Strange tax claims creating ethical accounting dilemmas

Speaking to Public Accountant, the Institute of Public Accountants general manager of technical policy, Tony Greco, said this could either mean one of two things – either accountants are more exposed to those types of issues, or they’re more conscious of their...