Data breach lessons
Optus data breach The ATO is aware of last year’s Optus data breach and that people who have been affected might be concerned about their personal data, and is assuring people that ATO systems have not been affected by the Optus data breach. The ATO recommends that anyone who thinks they have been affected by […]
Data matching update
AUSTRAC transaction report information data-matching program The ATO will acquire transaction report information data from AUSTRAC for the period of 17 June 2021 through to 30 June 2027. AUSTRAC (the Australian Transaction Reports and Analysis Centre) is the Australian Government agency responsible for “detecting, deterring and disrupting criminal abuse of the financial system to protect […]
2020 Business Resolutions
Being accountable, sticking to plans and kicking goals I don’t know about you but running your own business can be a very lonely place. Very rarely do we have a support network around us that really understands the issues that arise, the things that keep us awake at night which consequently affects the relationships we […]
ABR integrity
Measuring the integrity of the ABR From September, the Australian Business Register (ABR) will contact a random sample of ABN holders across all entity types to: confirm their business information; discuss how they use the ABN, and check their understanding of how ABNs are used; find out about their registration experience and ask for suggestions […]
Data matching and share transactions
ATO data matching and share transactions The ATO has extended its data matching program, this time focusing on share data. The ATO will continue to receive share data from ASIC, including details of the price, quantity and time of individual trades dating back to 2014, with more than 500 million records obtained. The ATO will […]
Xero add-ons for your business
3 profit-boosting Xero add-ons every business should know about So what add-ons should be on your hit list? In simple terms, an add-on is a piece of technology (usually software) that enhances and customises applications. Here’s a few of our favourite profit-boosting Xero add-ons every business owner should know about. Vend Hailed as the world’s top Point of Sale […]
Measuring customer satisfaction
Differentiate your business by the way you treat and serve your customers Happy customers are much more likely to stay with your business long-term, and they’re also likely to provide you with referrals – one of your best methods of acquisition. This makes knowing the satisfaction of your customers pivotal if you have ambitions to grow. While there is […]
14 Key Performance Indicators that matter
Identifying what to watch 14 Key Performance Indicators that matter As a business owner, it is your responsibility to pay attention to every detail of the business. From employee satisfaction to growth indicators, you need to be on top of how your company is performing at every turn. That’s why 14 entrepreneurs from Young Entrepreneur Council (YEC) were […]
Notifiable Data Breaches scheme
Notifiable Data Breaches scheme starts 22 Feb 2018 Robust data security was legislated in Australia under the Privacy Amendment (Notifiable Data Breaches) Act 2017, which makes it mandatory for businesses to report eligible data breaches from 22 February 2018. Under the Notifiable Data Breaches (NDB) scheme, businesses need to notify individuals and the Australian Privacy Commissioner in the […]
Ways to keep customer data secure
Cyber crime is a serious concern for business owners. Recently IBM Chair, CEO, and President, Ginni Rometty, called it “the greatest threat to every company in the world”. According to Juniper Research, by 2019 cyber crime will cost businesses a staggering $2 trillion. It’s impossible to put a dollar value on what your customer data […]
