A concerted crackdown on the black economy could generate up to $5 billion per annum in additional Commonwealth revenue alone, a KPMG report, The Last Frontier, has revealed.
Annual Survey Examines Risk and Compliance Landscape for U.S. Banks
The ATO has released its latest small business benchmarks, providing over 100 different industries with average cost of sales and average total expenses. Businesses as varied as seafood retailers, bricklayers and dentists can see clearly what the relevant benchmarks are for their industry.
The ATO is warning taxpayers they will be paying close attention to claims for ‘other’ work-related expenses this year, and is reminding people to keep appropriate records.
Bolstered by upbeat economic outlooks at home and abroad, Australian CFO optimism continues to hold strong. And according to the latest edition of Deloitte’s CFO Sentiment report, reduced financial volatility is also increasing risk appetite,
Key points from the H2 2017 survey behind the report – A strong global economy underpins rising optimism and risk appetite – conducted in November and December, include:
A net 71% of CFOs are optimistic about the financial prospects of their companies
Net positive confidence results have now been recorded since H1 2013
A record 62% are comfortable with taking on more balance sheet risk
63% are concerned about the impact of further regulatory changes
42% believe innovation is their number one strategic planning consideration.
Global and local outlooks support optimism and risk appetite