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Consumer pullback fuels record insolvency wave: CreditorWatch
The long-awaited cut in spending has arrived and is hitting energy, education and mining businesses the hardest.
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NSW to rebate payroll tax, waive debts in $189m GP bulk-billing push
The Australian-first initiative is expected to end the uncertainty for contractor doctors and make appointments cheaper for patients.
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RBA makes cash rate call for June
The Reserve Bank has handed down its latest interest rate decision following higher-than-expected inflation data.
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Dob-in provisions could apply ‘retrospectively’, warns IFPA
The TPB’s draft guidance does not rule out whether practitioners will be required to report offending actions that occurred before 1 July 2024, the association says.
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Small business to get bigger share of $75bn federal spending
The government has set more ambitious procurement targets that require SMEs to receive 25 per cent of all contracts under $1 billion.
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NSW seizes ‘low-hanging fruit’ with new land tax slugs
Property owners have become an easy target for state governments to raise revenue, but experts warn the measures will hurt tenants and distort the market.
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Annual tax agent registration fees introduced to boost oversight
Tax agents will now pay an annual fee of $273 from July instead of $704 every three years.
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Finalists unveiled for Australian Accounting Awards 2024
Almost 300 finalists are set to battle it out for the trophies at this year’s prestigious awards.
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Fear of failure, skills gap stifle aspiring business owners
The barriers come despite Australia being the “perfect breeding ground” for starting a business, according to a recent survey.
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Freight company wins small business CGT concession dispute
The dispute in the AAT turned on competing asset valuations by PKF and KordaMentha, on behalf of the ATO.
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KPMG consulting overhaul to claim 200 jobs, cut $80m in costs
The savings will be redirected to high-demand advisory work focusing on technology and AI.
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Grant Thornton promotes 4 to partner
The mid-year promotions take the firm’s partner count to 175, with 10 coming in the past year.
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William Buck to open doors in Canberra, eyeing government clients
The mid-tier firm will acquire accounting boutique Link Capital Partners effective 1 July.
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Yearly grilling of accounting bodies needed, inquiry says
The inquiry’s final report calls for CA ANZ, CPA Australia and IPA to report annually to Parliament to ensure consulting integrity.
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Greens push for 5-year ban on government work for PwC
The Greens party have called for PwC to be restricted from tendering for government work for five years in the final inquiry report.
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Mid-market M&A whiz joins Forvis Mazars as partner
The firm says the appointment will meet growing client demand after the launch of Forvis and Mazars’ merger earlier this month.
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SME Bootcamp returns in 2024
Registrations have opened for the SME Bootcamp – a free summit that could transform the way accountants and brokers support their SME clients.
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Service-based small businesses lead productivity decline: Xero
A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst.
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Hotelier’s $11m tax fight fails as court confirms ‘all or nothing’ stance
A taxpayer who claimed he had no taxable income because he was self-funded has had his appeal dismissed by the Federal Court.
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PwC inquiry calls for major review into large partnerships
The committee has delivered its final report for the consulting firm inquiry, calling for a review of partnership structures with more than 100 partners.
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