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ATO texts to update bank details

1 November 2018

From 5 to 23 November 2018, the ATO will be sending SMS text messages to individuals and businesses entitled to a refund who have provided incorrect bank account details in their tax return. You will receive a text directly from the ATO if a refund bounce occurs.

Many people are understandably wary about text messages and emails requesting bank details, considering the number of hoaxes and scams that abound these days.

It is important to be aware that ATO texts during this period are not a hoax and updating your bank details will ensure you receive your refund. BUT be warned, scammers are likely to impersonate the same SMS so you will need to carefully check the text for legitimacy.

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Single Touch Payroll - What is it and how does it affect me?

Single Touch Payroll - What is it and how does it affect me?

19 December 2017

The Australian Government has committed to enforcing Single Touch Payroll (STP) reporting, employers with 20 or more employees being required to be reporting from 1 July 2018 and all businesses required to be compliant by 1 July 2019.

At 1 April 2018 employers are required to have a headcount, and if at that date they are paying wages to 20 or more employees then they will need to ensure that their payroll software supports Single Touch Payroll reporting which will commence on 1 July 2018.

 

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Small Business Super Clearing House joins ATO Online Services

Small Business Super Clearing House joins ATO Online Services

19 December 2017

The ATO have announced that in early 2018 they will be adding the Small Business Super Clearing House (SBSCH) to their online services. It will be a simple to use system which will be avaiable to any business currently using the business portal. The Super Cleaing House is for business' with 19 or less employees, or an aggregate turnover of less than $10 million.

The Business Portal is a quick and easy system which businesses can use for lodgement and their business reporting.

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The value of keeping your systems up to date – don’t get Kracked!

The value of keeping your systems up to date – don’t get Kracked!

19 December 2017

In the past month a significant vulnerability was discovered in the most commonly used type of secure wifi.

Dubbed “KRACKAttack”, it allows someone on the same wifi network as you to gain access to your information by replaying the security keys exchanged between your computer and the wifi modem. All modern wifi networks are at risk.

The attacker can potentially steal credit card numbers, passwords, email or chat messages or inject malware or ransomware into websites as you are downloading them.

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Ransomware and how you can protect your business

Ransomware and how you can protect your business

30 June 2017

Recent ransomware attacks have caused disruption to businesses around the world. The potential for compromise of operations, business and client information have seen a significant rise in the use of cyber insurance policies.

Think of what such an event might mean to your business or even the loss of all of your personal information at home. Do you have clients to inform, if their personal or financial information has been compromised? The cost of reputational damage can be even larger than the cost of getting everything back online and is often difficult to quantify.

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