81 year-old WA pensioner loses $110,000 in tax scam An octogenarian caring for his sick wife has lost $110,000 in a tax scam. WA Consumer Protection says the 81 year-old was duped by scammers pretending to be from the ATO. The man was contacted by people claiming he owed money to the ATO and would […]
Australia Post slashing jobs in cost-cutting drive
Australia Post will slash almost 2000 jobs over the next three years as it wrestles with diving volumes of letters. The company said on Friday that losses in its mail delivery business were approaching $500 million this financial year, taking losses to more than $1.5 billion over the past five years. It is understood that 1900 jobs will […]
Loss carry back measures
Loss carry back measures Confirmation that the loss carry-back measures were finally passed by Parliament just days before 2012-13 ended, in a move to benefit more than 110,000 Australian companies. The loss carry-back law provides a company with the choice to carry back up to $1 million of losses against profits from a previous […]