Your propensity to spend, particularly on small and non-essential items, could be upwards of 40-50 per cent higher if you favour cashless payment methods rather than old-fashioned notes and coins, according to Sydney University professor of marketing and behavioral psychology Donnel Briley.
Businesses are advised to make sure their tax records are in order, with one expert warning the Australian Tax Office is beefing up its data tracking methods.
Chartered accountant with Pilot Partners Murray Howlett says the ATO has more than just the tax status of salads on its mind at the moment: SME owners’ social media accounts could also be under scrutiny, Howlett told SmartCompany.
ASX-listed logistics company GetSwift has today announced the signing of a multi-year partnership with Commonwealth Bank (CBA) that will see its software integrated into the bank’s Albert POS system. This will allow any vendor using the point-of-sale system to essentially become a delivery-ready store, with GetSwift automatically queueing, batching, routing, and dispatching the delivery of any products purchased through an Albert POS.
The investigation concluded that 40 per cent of the stores it raided were exploiting workers, including breaching workplace laws and significantly underpaying award wages to foreign workers on visas. The company, which has 440 petrol outlets, is the latest to become embroiled in wage fraud issues. It follows scandals at Domino’s, Caltex, Pizza Hut and 7-Eleven.