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  1. BlueRock adds Arthur Advisory to accounting team

    acquisition to its accounting division in Brunswick-based Arthur Advisory, hot on the heels of its takeover of the dnm group last month. Arthur Advisory director Ricky Jessop, pictured right, returns to BlueRock after running his own advisory business...

  2. Job ads jump in August driven by NSW, Qld demand

    above its level of 100 in 2019. “Australian job ads are showing surprising resilience, rising 2.6 per cent over the last two months,” ANZ economist Madeline Dunk said. “We expect the buoyancy in ANZ-Indeed Australian job ads to fade as the economy...

  3. Technology is transforming insolvency practice at a critical time

    passing through input price increases and high fuel and energy costs, unprofitable builders are entering administration. Last financial year, there were more than 2,800 insolvencies across the construction sector, an increase of over 70% over the year...

  4. Police seize cigarettes, tobacco worth millions in lost tax

    150 staff from six agencies including the ATO, raided 15 locations in the Logan, Redlands and Ipswich areas of Queensland last week and needed five trucks to haul away 60,000 vapes, 3.74 tonnes of tobacco and more than 8 million cigarettes. Police from...

  5. ATO hits SMSF trustees with record disqualifications, fines

    trustees from overstepping the mark. The ATO disqualified a record 753 SMSF trustees and imposed $29 million in penalties last year and has flagged renewed resolve to crack down on those persistently breaking the law in 2023–24. It said that compared to...

  6. Why authentic leadership comes loaded with challenges

    exhorted to bring our whole selves to work, which many of us interpret as, “This is who I am, take me or leave me”. Over the last two decades, views on leadership have shifted and there is recognition that there is no one single “hero” version of...

  7. Bank lending to small business leaps 28% in FY2022–23

    to small business up by one-third, the ABA says. Lending to small- to medium-sized enterprises increased by 28 per cent last financial year to push total outstanding credit to the sector to almost $600 billion, according to data from the Australian...

  8. Perth man jailed, ordered to repay $110k in fraudulent GST refunds

    and has been ordered to repay the money. Perth District Court found Justin McCormick had reregistered an ABN in February last year he had previously used from 2009–15 and began lodging bogus BAS and claiming GST on purchases that were never made. He got...

  9. Inflation slips to lowest annual figure since last February

    prices statistics Michelle Marquardt said inflation continued to ease from 5.4 per cent in June and its peak of 8.4 per cent last December. Slowing the inflation rate in July increase were price falls for automotive fuel (-7.6 per cent) and fruit and...

  10. Planday targets rapid expansion of award coverage

    tools to cover a whole range of sectors from automotive to hair and beauty, its regional chief told Accountants Daily at last week’s Xerocon event. Planday used the Xero conference to announce it was broadening its product to cover businesses paying...

  11. How a wobbly drinks brand dodged last orders

    has a second lease on life after being sold to online retailer Just Wines. Creditors agreed to a deed of company arrangement last week which will mean secured creditors and employees get paid in full while unsecured creditors receive about 48c in the...

  12. Text messages become the scammer’s weapon of choice

    Report, in a “golden era” for digital fraudsters. It found more than $70 million was lost to investment scams during the last quarter of 2022–23, dwarfing amounts lost to fake government services, false billing and romantic cons. Text messaging...

  13. Record 1.5m at-risk mortgage-holders await RBA move

    said 642,000 mortgage-holders had joined the at-risk group since the RBA began its run of 12 interest rate rises since May last year and its next two decisions were critical. “If the RBA does raise interest rates again next week by 0.25 per cent Roy...

  14. With an outsourced CFO function, one size fits all

    and I think we’re seeing that for all finance functions,” he said. “It’s been challenging time to access people over the last two or three years so I see a lot of clients who are reaching out to say, we need support, we can’t attract the right type of...

  15. Structural changes to erode Australia’s tax base: IGR

    tax base with indirect taxes expected to fall, the 2023 Intergenerational Report (IGR) reveals. The report, handed down last week, outlines that indirect sources of revenue are expected to decline as the decarbonisation of the transport industry and...

  16. Why accountants must speak up or be punished for sins of the few

    and is also very far from the truth. I am a chartered accountant and a tax agent. I have spent most of my time over the last 15 years advising and training tax agents and accountants. Over this time I have dealt with hundreds of tax agents. My almost...

  17. Federal Court dismisses ASIC’s case against liquidator

    legal battle against the regulator with the Federal Court dismissing proceedings brought against him. The Federal Court late last week dismissed ASIC’s case against Jason Bettles, a registered liquidator and partner at Worrells Solvency and Accounting....

  18. Court action ‘now ATO’s first resort for non-compliant sole traders’

    so passionate about that they forget.” Almost 785,000 of Australia’s businesses are sole traders, a slight decline from last year according to the fresh ABS data. Ms Ross said there was a tendency for sole traders to prioritise debt owed to familiar...

  19. Cyber breaches cast long shadow over Optus, Medibank

    customer information. Optus has become the most distrusted brand in Australia in the wake of its high-profile data breach last year, according to the latest Roy Morgan data, displacing Facebook for the first time since the survey began. Fellow hack...

  20. Labour shortages a ‘significant issue’ for 1-in-3 SMEs

    to be less problematic in the next 12 months. When asked to rate the extent it was an issue for their business over the last three months, SMEs scored 3.8 points out of 10, down from 4 points in the first quarter and a survey high of 5.1 points at the...

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