{"id":9617,"date":"2023-09-26T09:59:53","date_gmt":"2023-09-25T23:59:53","guid":{"rendered":"https:\/\/ipraccounting.com.au\/?p=9617"},"modified":"2023-09-26T10:31:53","modified_gmt":"2023-09-26T00:31:53","slug":"business-update-27-september-2023","status":"publish","type":"post","link":"https:\/\/ipraccounting.com.au\/business-update-27-september-2023\/","title":{"rendered":"Business Update \u2013 27 September 2023"},"content":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy.<\/p>\n<h2>ATO cracking down on tradies dodging the fringe benefits tax<\/h2>\n<p>The <a href=\"https:\/\/www.9news.com.au\/national\/ato-cracks-down-on-businesses-providing-utes-for-tax-breaks\/e4314191-b4e1-49b1-838d-a6a139d8216d\" target=\"_blank\" rel=\"noopener\">Australian Tax Office is cracking down<\/a> on tradies who are wrongly not paying fringe tax benefits for their vehicles.<\/p>\n<h2>Treasurer Jim Chalmers gets to work on fresh jobs plan<\/h2>\n<p>The government is set to get to work on its jobs plan with the release of its employment white paper in Adelaide on Monday in a bid to build a \u201cdynamic and inclusive\u201d labour market.<br \/>\n<a href=\"https:\/\/www.news.com.au\/national\/politics\/treasurer-jim-chalmers-gets-to-work-on-fresh-jobs-plan\/news-story\/aea92a90c847a67f3bc52bb12342e52e?from=rss-basic\">Read More<\/a><\/p>\n<h2>Capital gains don\u2019t need to cause strains<\/h2>\n<p>The Australian Taxation Office (ATO) is reminding taxpayers to <a href=\"https:\/\/www.ato.gov.au\/Media-centre\/Media-releases\/Capital-gains-don-t-need-to-cause-strains\/\" target=\"_blank\" rel=\"noopener\">consider capital gains tax (CGT)<\/a> when you own investments like a rental property, shares and crypto assets.<\/p>\n<h2>\u2018Nothing like that in Australia\u2019: Amid Qantas\u2019 IT woes, it\u2019s time for proper customer refund protections<\/h2>\n<p><a href=\"https:\/\/www.crikey.com.au\/2023\/09\/22\/qantas-it-woes-customer-refund-protections\/\" target=\"_blank\" rel=\"noopener\">Time for an overhaul<\/a>. In Australia, passengers have no specific protections, service guarantees or automatic rights\u00a0for cancellations, delays, changes or baggage delays.<\/p>\n<h2>Chicken shortages threaten McDonald\u2019s, Woolworths in Australia<\/h2>\n<p><a href=\"https:\/\/theabj.com.au\/2023\/09\/23\/chicken-shortages-threaten-mcdonalds-woolworths-in-australia\/\" target=\"_blank\" rel=\"noopener\">Australia\u2019s chicken supply chain is facing a potential crisis<\/a> as workers at one of the country\u2019s major poultry suppliers, Inghams, have voted to go on strike due to a pay dispute.<\/p>\n<h2>The AI in Government Taskforce: examining use and governance of AI by the APS<\/h2>\n<p>Minister for Industry and Science, the Hon Ed Husic and Minister for Finance, Senator Katy Gallagher announced the <a href=\"https:\/\/www.dta.gov.au\/blogs\/ai-government-taskforce-examining-use-and-governance-ai-aps\" target=\"_blank\" rel=\"noopener\">Artificial Intelligence (AI) in Government Taskforce<\/a>. Jointly led by the Digital Transformation Agency (DTA) and the Department of Industry, Science and Resources (DISR), the Taskforce has representatives from agencies across the APS and is focused on the safe and responsible use of AI by the Australian Public Service (APS).<\/p>\n<h2>A comfortable retirement? There\u2019s a more important question to ask first<\/h2>\n<p>Instead of asking \u2018How much money do I need to live a comfortable retirement?\u2019 how about you first ask, \u2018What do I want to do and spend in retirement?\u2019 To help you, let\u2019s look at what ASFA includes in its retirement standard. It breaks down the <a href=\"https:\/\/thenewdaily.com.au\/finance\/2023\/09\/24\/retirement-income-comfortable\/\" target=\"_blank\" rel=\"noopener\">weekly cost of what it describes as a \u2018modest\u2019 and \u2018comfortable\u2019 income<\/a> in retirement may look like, both for couples and singles.<\/p>\n<h2>Christmas warning for motorists as petrol prices smash past $2.10 a litre<\/h2>\n<p>Australian motorists may need to get used to paying more than $2 a litre for petrol, as<a href=\"https:\/\/thenewdaily.com.au\/finance\/finance-news\/2023\/09\/24\/petrol-prices-christmas-outlook\/\" target=\"_blank\" rel=\"noopener\"> hopes that 2023 would bring relief at the bowser are dashed<\/a> in the latest squeeze to hit the major capitals.<\/p>\n<h2>One Million Dymocks Customers Exposed Online in Data Breach<\/h2>\n<p>Australian bookstore chain Dymocks has blamed a third-party provider for a data <a href=\"https:\/\/www.theepochtimes.com\/world\/one-million-dymocks-customers-exposed-online-in-data-breach-5494103?utm_source=Aomorningbriefnoe&amp;src_src=Aomorningbriefnoe&amp;utm_campaign=Aomb-2023-09-20&amp;src_cmp=Aomb-2023-09-20&amp;utm_medium=Aoemail&amp;cta_utm_source=Aomorningbriefnoecta&amp;est=sdgPeYGhp%2FQjwWlfurBy43QTBRBX%2BPOZO4VjrcJBMGABRPfnWrauL4Ttxj3W899I\" target=\"_blank\" rel=\"noopener\">breach that exposed 1.24 million customers&#8217; confidential details<\/a> on the dark web.<\/p>\n<h2>Get in touch<\/h2>\n<p>Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n<p><a class=\"button\" href=\"\/contact-us\/\">Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. ATO cracking down on tradies dodging the fringe benefits tax The Australian Tax Office is cracking down on tradies who are wrongly not paying fringe tax benefits for their vehicles. Treasurer Jim Chalmers gets &hellip; <a href=\"https:\/\/ipraccounting.com.au\/business-update-27-september-2023\/\">Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":8389,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[76,81],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Update \u2013 27 September 2023 - IPR Accounting | Cin7 Core\/DEAR Consultant<\/title>\n<meta name=\"description\" content=\"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. 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