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  1. 1 in 2 Aussies use professional services providers, with accountants leading the way

    the highest rate of engagement out of the professional services, serving one in four consumers (26 per cent) over the last 12 months, Agile found. It noted: “This level of market penetration more than doubles the engagement rate of financial advisers at...

  2. Mining mogul gets 7-year prison sentence for $1.13m GST fraud

    mogul has been sentenced to seven years and 10 months in prison for obtaining $1.13 million in fraudulent GST refunds. Last Friday (5 September), WA mining mogul Adam Waterman was sentenced to seven years and 10 months in prison with a non-parole period...

  3. TPB terminates former PwC CEO’s tax agent status following tax leaks failures

    protections from corrupt contractors," Greens senator Barbara Pocock said. “The Australian Greens introduced a bill last week that would allow the Commonwealth to debar dodgy contractors, like PwC, from entering into government contracts and it would...

  4. Company auditor applies for registration cancellation: ASIC

    corporate regulator has accepted the cancellation of a company auditor’s registration for independence compliance failures. Last Friday (5 September), ASIC accepted the auditor registration cancellation of Allan William Donald, following a broader...

  5. Human rights advocates welcome proposed Whistleblower Ombudsman

    Last Wednesday, the government announced a new proposal to establish a Whistleblower Ombudsman in a bid to clarify and strengthen whistleblower protections. Public consultation on a fresh package of reforms to Australia’s whistleblower laws will open...

  6. ATO interest charges: matters of interest

    ATO that is not in dispute. As of 30 June 2024, collectible debt was $52.8 billion, and has increased substantially in the last few years. The policy change also sends a message that those who do not pay their tax on time should not gain advantage over...

  7. ‘You’re not an imposter; you’re an amazing accountant’: Xerocon panel

    way it presented itself for me was that when I started my business, I felt like I needed to be the first one there and the last one to leave. When it was identified as imposter syndrome, it was really helpful to know that I’m not the only one that...

  8. Aussie SMEs reflect stability in Q2 2025: MYOB

    throughout the second quarter of this year, however, gross value added (GVA) was 5 per cent lower than the same period last year. The findings showed the strongest performing sectors over the three-month duration were mining, public administration and...

  9. 1 in 5 SMBs spend a quarter of their time on financial admin

    This is a moment to bridge the gap.” Nearly one-third (27 per cent) of SMBs experienced issues with their cash flow in the last year, while 26 per cent have slow-moving growth plans. Concerningly, the report found that 55 per cent believe they’d be...

  10. ‘Fundamentally flawed, backwards step’: ACCI pushes back on penalty rates bill

    advocacy group has called the government's penalty rates legislation a “backwards step” following its passing in the Senate last week. On 28 August, parliament passed the Fair Work Amendment (Protecting Penalty and Overtime Rates) Act 2025, ensuring the...

  11. Most SMBs find accountants through word of mouth

    ask ‘some’ of their clients. For small practices, 32 per cent of accountants reported not asking any clients at all. In the last year, just one in five (22 per cent) of businesses have referred their accountant to peers, 11 per cent of which have only...

  12. Help save the legal industry in a post-AI world: do your estate plan using a will kit

    acknowledged that while the deceased could apparently speed read, his composing skills, at least when it came to making his last will 'lacked the sublime expressive craft of Burns'. In particular, the deceased prepared his will using what was described...

  13. Personal insolvencies see uptick for June 2025 quarter

    year saw 3,179 business-related personal insolvencies, highlighting a 7.9 per cent increase in comparison to the same period last year. According to the statistics revealed by the Australian Financial Security Authority (AFSA), of the total 3,179...

  14. Common sense the best defence against fraudsters: forensic auditor

    to anybody looking at that document.” “You have got to do your general checks and balances. Check for signatures, check for last year's documents compared to this year's documents, maybe even something for you to use as a bit of a benchmark. “Or have...

  15. ‘Results in paying more tax’: ATO warns Australians against early super access

    grounds is available in very limited circumstances for critical medical procedures and should only be considered as a last resort where all other options of paying for the eligible expenses have been exhausted.” The ATO noted that in the case a dentist...

  16. ‘Catalyst for change’: Data reveals benefits of Right to Disconnect law

    of always being ‘on’, this is your moment to reset.” For the businesses that have operated with this right in place for the last 12 months, data from Robert Half revealed 56 per cent of employers had received formal complaints, concerns or requests from...

  17. TPB unveils 2025–26 focus to strengthen compliance, trust, support

    ongoing interactions with the tax profession, as well as the complaints and referrals about tax advisers, totalling 14,000 last year. From this, the TPB warned it would take action against those who failed to address serious misconduct as it aimed to...

  18. The $2m shareholder agreement that nearly killed a company

    I've been mediating shareholder disputes for years, but the case that landed on my desk last month revealed a dangerous blind spot in how accountants approach shareholder agreements. A profitable professional services company. Three decades of...

  19. Accountants not seen as strategic partners by SMBs

    15 per cent of all businesses view accountants as strategic partners, Agile reported. This does represent an uptick from last year’s score of 10 per cent, but ultimately, accountants currently have an “under-leveraged position” with their clients, the...

  20. Women in Finance Summit 2025 launches

    Prior to her current position, McPhee was the head of banking at the Reserve Bank of Australia, a role she has held for the last four years. The Women in Finance Summit 2025 will also detail business strategies from women leading successful businesses...

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