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Our Advent calendar for 2017
Capital Gains and Renounceable Rights
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Australia's vital statistics
SMSFs warned on ‘ticking time bomb’ with outdated deeds
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Small business slips on lodgement deadlines
300,000 SMEs utilising $20K write-off, says ATO
‘A bad thing times 10’: ATO set for new SMSF blitz
Capital Gains and Renounceable Rights
Paperwork bungles lead to $38k in payments
Australian Dietary Guidelines and healthy eating chart (PDF)
Former director liable for company’s unpaid tax liabilities
Resources on our site to help you, your family and your friends.
Super for housing measures enter Senate
No Special Circumstances to allow Excess Super Contributions
Housing tax measures progress to Parliament
AirBnb – wrong tax outcome?
Are young investors wasting their youth?
ATO sending 'more letters than ever' on income tax errors
Powerful Budgeting, cash flow and Super Tools available on our site.
Property, unit trusts in ATO's sights
Australian Dietary Guidelines and healthy eating chart (PDF)
Major Bank Levy Passed
NSW tops list as ATO reveals billions in lost super
How is your super going, ready for retirement?
Australia's leading causes of death - ABS
ATO increasing data exchange with international regulators
Illegal SMSF early access scheme leads to $6,000 fine
Our 'hardest' SMSF tasks
Uber drivers hit for 10% tax
Lack of literacy promotes unrealistic goals
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Articles
Cheque Fraud

Compensation Payment Assessable as Ordinary Income

Small/large Thresholds to Change for 2006/7 Financial Year

Computer Software - Tax Treatment
Gifts to Employees
Patents and Copyrights
Tax Invoice Requirements:-
Claiming Input Tax Credit on Corporate Credit Card Statements

Auction Bid not Binding?

Record Keeping - Restaurant and Catering Industry
Valuing Trading Stock in Retail and Wholesale Industries
Cheque Fraud
Surprisingly, it seems that cheque fraud, despite all our modern technology, is on the increase.

The use of technology to prevent fraud, by smarter detection and inks, paper and holographs is seemingly matched by wider use of organised crime, but also apathy on the part of users.

Access to the same papers that are used by the banks, employment of messengers in legitimate jobs and well organised crime gangs, has shown that theft is very sophisticated and can be devastating to a company's capacity to operate successfully.

One of the tools of organised crimes and internal theft is a company's routine.

One North-Sydney head office always took the weeks cheques to the same post office box at the same time.  An Australia Post van would borrow the mail for a few minutes, remove the company's cheques and continue with its round.  A few cheques would be altered and paid into false ID accounts.

And some company's (does yours?) have the chairmans/directors signatures on the annual reports on the internet.

Are they cheque signatories?  Aren't you inviting trouble?

Auditors are trained to be alert for these - why not ask for some tips on prevention - too late when the funds have gone!!



13th-September-2007