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The Boss Diaries

Business and technology news, insights and analysis for savvy accountants and company leaders

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Accounting

Tax rort pair face jail time

A former tax agent and his client are facing substantial jail sentences after a court found that the pair engaged in refund fraud and tax avoidance.

Boss Intelligence August 22, 2024

Latest NEWS:

What are the GIC tax deduction changes and how will they affect your business?

Currently, any taxable entity can claim GICs and SICs as a tax deduction on their tax return. However, a federal government economics committee recently examined proposed legislation to change that.

Should Bluesky be your business’s new social media channel?

Bluesky is a fast-growing microblogging platform like X. If social media is part of your marketing strategy, now is the time to check it out.

Tax cheats slipping up on social media

Social media is helping the Australian Taxation Office catch tax cheats through community whistleblowers.

IDCARE picks up $11m for small business cyber resilience

Australian small businesses will be able to access a new federally funded cyber resilience service by the end of the year.

Australian tax software makers’ interest in AI growing

Australian business and tax software providers are taking a growing interest in using Artificial Intelligence, according to the Australian Taxation Office.

Treasury reveals details of payday super reforms

Employers will have to lodge super contribution into employees’ funds within seven days of their regular payday from July 1, 2026, or face additional charges and penalties.