Latest News

Hot Issues
spacer
Debate heats up around $10k cash ban bill
spacer
There’s still time to move to Single Touch Payroll (STP)
spacer
Real Time World Population Growth - Wow!!
spacer
ATO audits continue to target Lifestyle assets
spacer
Property deduction errors down to ‘lack of understanding’: ATO
spacer
Data can be great stuff! - Australia
spacer
GST refunds for returned imported goods
spacer
14k employers, $230m in super: Financial Services Minister defends proposed SG amnesty
spacer
Bushfires 2019–20 (ATO)
spacer
Accounting profession responds to bushfire crisis
spacer
Helping your business survive a natural disaster - ATO
spacer
Single Touch Payroll (STP) – now ensure super is paid on time.
spacer
Beware of Australian Taxation Office (ATO) impersonation scams
spacer
Australia by the Numbers
spacer
‘Visible, valued and owned’: ATO outlines super priorities for new year
spacer
Introductory Rates & Interest Free Periods
spacer
Our Advent calendar for 2019
spacer
Tax Office sounds warning on 8 types of super schemes
spacer
Don’t forget sharing economy income
spacer
Impress your friends with your knowledge!!
spacer
Salary sacrificing and the superannuation guarantee
spacer
Why so much super “stuff” this year?
spacer
Reverse Mortgage?
spacer
How the gig economy could create hidden tax issues for contractors and employers
spacer
15,000 tip-offs as ATO black economy hotline rings hot
spacer
What happens when interest rates hit the floor?
Article archive
spacer
Quarter 4 October - December 2019
spacer
Quarter 3 July - September 2019
spacer
Quarter 2 April - June 2019
spacer
Quarter 1 January - March 2019
spacer
Quarter 4 October - December 2018
spacer
Quarter 3 July - September 2018
spacer
Quarter 2 April - June 2018
spacer
Quarter 1 January - March 2018
spacer
Quarter 4 October - December 2017
spacer
Quarter 3 July - September 2017
spacer
Quarter 2 April - June 2017
spacer
Quarter 1 January - March 2017
spacer
Quarter 4 October - December 2016
spacer
Quarter 3 July - September 2016
spacer
Quarter 2 April - June 2016
spacer
Quarter 1 January - March 2016
spacer
Quarter 4 October - December 2015
spacer
Quarter 3 July - September 2015
spacer
Quarter 2 April - June 2015
spacer
Quarter 1 January - March 2015
spacer
Quarter 4 October - December 2014
Quarter 4 of, 2016 archive
spacer
Big-ticket tax set for government review
spacer
FBT – Christmas Parties and Taxi Fares
spacer
Unclaimed Monies - Christmas Project?
spacer
Employee Christmas Parties and Gifts – Any FBT?
spacer
‘Beware the tax man’ eyeing holiday period activity
spacer
Merry Christmas for 2016, a Happy New Year and a prosperous 2017.
spacer
Research reveals key to ‘high-performing’ firms
spacer
Late payments hitting SMEs hard
spacer
Estate planning issues flagged with $1.6m pension transfer cap
spacer
Travel to a workplace: What’s in, what’s out
spacer
New fleet “safe harbour” approach for car fringe benefits
spacer
Struggling Business Turnarounds
spacer
SMSF practitioners told to urgently address TRIS issues
spacer
$20,000 write off is only available for small business, right? Well…
spacer
Do you need an Employment Agreement?
spacer
What does the new withholding tax mean for your clients?
spacer
Domestic (non-marital) Relationships
spacer
Is there a problem with using your company’s assets for yourself?
spacer
SMEs at risk of ‘falling foul’ of ATO
spacer
Scams, fraudsters and viruses
spacer
Got your car log book ready?
Scams, fraudsters and viruses

 

Almost every Australian will be aware of the problems trying to complete the online Census on the 9th August 2016.

       

 

One of the excuses was that there was criminal activity to hack the government’s website. 

The Australian Taxation Office, the banks, Australian Securities and Investments Commission and consumer organisations are constantly warning us to be on our guard us to the dangers of unsuspecting criminal activity.

A few more illustrations:-

Your Hotmail account doesn’t work and you look up a help desk on Google.  The first Advertisement to come up has a 1300 number, you call it and there is an $11 charge for their assistance.  By the end of the day the withdrawals can be $2,000, $5,000, what is the limit of your account?  Money gone and now you have to fight with the bank over your naivety.

Are you insulted by this? I hope it means you will remember the illustration.

Consumers are constantly providing credit card details over the phone and every time you do so, you do so at your peril.

The risk is much greater if you have received the phone call, rather than calling a reliable source.

Whilst the victim above might blame Google for false advertising and participating in criminal activity, it reverts to you – be vigilant!!

The old technique was to have people draw cash from their bank, take it to the Australian Post to have it sent to Wells Fargo.  The new scam is even easier!  “We need $500 on an ITunes card.  You buy the ITunes card from the supermarket with your credit card”.  Who cares how you pay for it.  The ITunes card is as good as cash.

As reported in the earlier scam warnings, it almost is at the point where you shouldn’t answer the telephone, nor look up a phone number on any resource connected with the internet.

Another tip.  If you receive an e-mail that looks to be correct check the address it has been sent from before clicking.  It might say it comes from Australia Post, the ATO or the Australian Federal Police but the sending address is nothing like what these organisations might use.  Having said that, be aware of sender addresses that are close.  An example can be a similar name but only .com rather than .com.au.  

If in doubt ring the organisation in question but NEVER NEVER click before you're satisfied.

 

AcctWeb

© O'Brien and Partners 2011 - All Rights Reserved | 91 Station Street, Malvern VIC 3144 | Tel: 03 9509 3911 | Fax: 03 9509 3922