Scams by numbers – 2022–23 scam data is now available

Did you know that your clients aged between 35-44 are the most likely to pay money to a scammer? . Scams are becoming increasingly harder for the community to identify. The 2022–23 scam data results are now available and they reflect a shift ...
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Directors on the hook for cyber security, ASIC warns

Repelling attacks is just the start – businesses must demonstrate an ability to respond or the board will be held accountable, the regulator says. . Directors are duty-bound to ensure their company has “adequate” cyber security and the abilit...
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Business owners are seeking exits without a plan, survey finds

Accounting firm William Buck warns most owners are “flying blind” when it comes to maximising the value of their business at the point of sale. . Small business owners are planning to sell up without having exit strategies in place, leaving t...
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Super tax concession changes: consultation

As flagged earlier in the year when the announcement was made, the Federal Government recently released a consultation paper on its proposal to reduce super tax concessions for individuals with super balances over $3 million, including those with sel...
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$20k instant asset write-off to get 1-year extension

The amendment will hold off the threshold reverting to $1,000 until June 30 next year.   . Small businesses will be able to claim an immediate deduction for assets less than $20,000 under amendments to the Income Tax (Transitional Provisio...
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ATO interest charges soar to highest level since GFC

The general and shortfall rates for late tax payments rise for the eighth quarter in a row.     . The ATO has raised its general interest charge (GIC) rate and shortfall interest charge (SIC) rates for the eighth quarter in a row with b...
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How Do I Respond to an Allegation of Trade Mark Infringement?

Imagine you think up a fantastic name for your business and are ready to start operating. You have set up your website and begin advertising online using the business name and logo you have designed. . Everything is going great until you rece...
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