Posts tagged "fraud"

Small businesses using software to digitally cook the books have been put on alert, as investigators led by the Australian Taxation Office crack down on the use of electronic sales suppression tools (ESSTs).

As small businesses complete their tax-time filings, the Australian Taxation Office has issued a quick and concise guide to the most common errors it is observing in SME lodgments.

The company behind Australian fashion label Gorman says it is battling scam retail sites posing as authentic outlets, as businesses purporting to offer Gorman goods at heavily discounted prices advertise on social media.

Something as simple as including holiday details in your out-of-office email could give cyber criminals an edge over your business, SME experts warn, as the methods used by digital crooks become increasingly advanced.

Australian businesses reported an astonishing $23.2 million in scam losses across 2022, with new data from the ACCC showing small firms are persistently vulnerable to email compromise and false billing scams.

The ATO has issued a last-chance notice to attempted GST fraudsters, after joining forces with the Australian Federal Police to execute new search warrants on those suspected of promoting the scam.

Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.

Commonwealth Bank has announced a new security feature which highlights account names when users make a first-time payment, saying the addition will cut down on scams — particularly those using hacked business accounts.

Scammers are monitoring public social media pages for commenters seeking assistance with their tax payments or MyGov registration and reaching out to those taxpayers from bogus accounts, the federal government states.

Professional accounting groups are optimistic the ATO will continue to refine its new tax agent-linking system, after industry representatives said its six-step registration process could pose a significant challenge to small business clients.

The Australian fashion label is urging customers not to be fooled by illegitimate scam websites pretending to sell genuine Gorman products.

With Australians facing a hefty $4 billion scam bill this year, small businesses across the country are being urged to learn the tricks of the trade and arm themselves against scammers.