A warning to Andriod users

An increase in hacker-related crime – targeted at Google Android users – has caused concern, with many hackers now using consumer apps to glean personal information and generate financial gain. 472 per cent of new viruses designed to attack Android gadgets have been detected in the past four months. This is an alarming rate, especially…

Recent updates to business benchmarks

The Australian Taxation Office has released information regarding their annual updates to small business benchmarking, with data from the 2009 financial year. These include the following: The addition of new industries to small business benchmarking – including landscape construction, motor vehicle retail, panel beating and smash repairers, lawn mowing and garden services, tattooing services and…

Exposing the cash economy

Businesses that fail to declare or report all their cash transactions will be exposed this financial year when the ATO commences their crack down on the cash economy. An estimated 110,000 taxpayers who are suspected of participating in the cash economy will be contacted by mail in efforts to deal with under-reported or omitted income,…