Company Money Crackdown by ATO

The ATO is cracking down on business owners who take money or use company resources for themselves.

It’s common for business owners to utilise company resources for their personal use. The business is often such a part of their life that the line distinguishing ‘the business’ from their life can be blurred. While there are tax laws preventing individuals accessing profits or assets of the company in a tax-free manner, mistakes are being made and the Australian Taxation Office (ATO) has had enough.

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7 Ways Businesses Avoid Cyber Fraud

In a world of digital financial networks and online commerce, the risks of cyber fraud are greatly increased. With the continuous advancement of technology and the ever-growing reliance on digital platforms for financial transactions, businesses are faced with new and evolving threats from cybercriminals. These criminals utilize a range of tactics and techniques to target and exploit vulnerabilities in computer systems, networks, and devices.

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Crisis Management - An Overview for Leaders

As Accountants, we hope our Clients never face a business crisis… but we also know that business is unpredictable and factors beyond our control can leave a business in dire straits. 

Even the largest, well-funded, most successful organizations can face a crisis… and most will rise to the occasion and emerge stronger. 

Let’s look at what leaders can do to reduce risk and properly deal with a business crisis.

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Five ways to recession-proof your business

Economies tend to face headwinds every ten years as the business cycle moves from periods of growth to contraction. While recessions are challenging for small and medium businesses across Australia, it doesn't mean there aren't significant opportunities to strengthen your business and come out of challenging times stronger and more profitable. In this article, we're sharing five ways you can recession proof your business.

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Fraud: How to spot a scam and how to keep yourself protected

Unfortunately, fraud is a prevalent part of today’s society. For a scam to work it is almost always necessary that the targeted individual, although unwittingly, will be asked to provide or do something to help the scam progress.

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