Tag: Fraud

As AI advances, fraudsters grow more cunning. Prevention must outpace fraud innovation, says Mark.

The Australian Taxation Office has identified numerous GST refund fraud attempts, wherein individuals file fake business activity statements to claim refunds.

Although it’s near impossible to accurately quantify, payroll fraud – defined as the theft of cash from a business via the payroll processing system – is less rare than many of us might think. This is because incidents of payroll fraud are often not reported in the media and are managed instead by internal HR […]

Former company director, Christopher Edward Eric Skelly, of Lark Hill, Queensland, has been sentenced to imprisonment on one charge of fraud after an investigation by ASIC. Mr Skelly was sentenced to three years and six months imprisonment, to be eligible for parole after 21 months. Mr Skelly, a former director of C & G Group […]

A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]

Microsoft Excel enjoys global superiority as the go to electronic spreadsheet for financial management and data collation. This status is well deserved as the business application has given in excess of 30 years of admirable and loyal service in helping companies track, forecast, analyse, and manipulate a wide range of business data. Despite its excellent […]

The increased use and application of blockchain technology is set to disrupt companies of all sizes, across all industries, and in almost every area, from payments and transactions to contracts and identity verification. Small- to medium-sized enterprises (SMEs) will not be immune to the disruption. Blockchain technology was created to facilitate online payments via a […]

Mike Cannon-Brookes, the tech billionaire in the hat and the hoodie, has spoken candidly about his struggle with imposter syndrome while at the helm of runaway start-up success Atlassian. In his TEDxSydney address on Friday (16 June), the Atlassian co-CEO and co-founder described imposter syndrome as the “feeling of being well, well out of your […]

In a world where social media is (almost) everything, there is no denying the benefits of an engaging online presence for your business. More than 1 in 10 surveyed Australians have now shopped via a social media platform[1]. Successful social media strategies allow small businesses to convert customers to unofficial, yet involved, brand ambassadors who […]

A small business is more than a bottom line for an owner; it is often their heart, soul and passion. By taking the plunge and setting up and running a small business, all your time and energy becomes focused on making your life’s dream a success. However, with all of your energy invested in your […]