MYOB’S ONLINE RECOVERY ACT
MYOB’S JOHN MOSS IS FIGHTING TO SOLVE A CLASSIC STRATEGIC CHALLENGE: HOW A POWERFUL INCUMBENT CAN RESPOND TO INNOVATIVE NEW COMPETITORS. Australia’s SME accounting software market is one of the most competitive software spaces in the world. It was the first big market for cloud software provider Xero, now a global force. US giant Intuit […]
Ethics in Finance – Survey
IN JULY 2016, the Governance Institute of Australia’s inaugural Ethics Index — the first survey of its kind conducted in Australia – was launched. Significantly, the research found more people view company chairs, CEOs and senior executives as being unethical rather than ethical. (The research didn’t miss journalists either with 4o% of those surveyed rating […]
What You Need to Know About Repaying HELP Financing
If you participate in the Higher Education Loan Program (HELP) to assist in financing your education, you must start to repay the debt once your income exceeds a government-set repayment threshold for the income tax year, even if you are still in school. There are actually two ways in which you can pay your student […]
ATO Powers In Response to SMSF Contraventions
The ATO – as the regulator of SMSFs (self-managed super funds) – has a range of treatments available to it to deal with SMSF trustees who have not complied with the super laws. The ATO says its primary focus is to encourage SMSF trustees to comply with the super laws. However, SMSF trustees should be […]
Tax Scams: Don’t Be a Victim
The ATO warns taxpayers to always watch out for scammers. Each year, the ATO receives a growing number of reports from the public of new phishing scams. Not only do scammers try to steal money, they also try to steal identities. The misuse of stolen personal information has been recognised in income tax evasion, customs […]