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  1. Grant Thornton nabs new partner from PwC

    looking forward to being part of our clients’ growth journey." My Savage is the firm's eighth lateral partner hire in the last 12 months with the firm clearly attempting to broaden its skill set through experienced hires. Grant Thornton has also...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  2. Deductable donations calculator launched

    from the effects of cancer, so being even a small part of the solution is both humbling and gratifying," Mr Dixon said. Last year, donations to the ACRF went towards equipment that is being used to further develop personalised cancer treatments, detect...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  3. PwC announces big name recruit

    any organisation being disrupted or concerned about disruption in future.” Mr Zahra has been working with PwC since April last year in his capacity as a member of the firm’s Diversity and Inclusion Advisory Board. In this role he has provided advice on...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  4. Poor financial management costing SMEs 'big bucks'

    Research has revealed that around 10 per cent of SMEs lost money last year as a result of poor financial management. Many businesses make entirely avoidable mistakes that cost them "big bucks", according to Clive Barrett, executive chairman of...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  5. Short term loans – bank vs non-bank – what’s the go?

    of borrowing. Reputation and specialisation is key Reputable and specialist short term lenders are absolutely not lenders of last resort! They take responsible lending seriously and will simply not knowingly advance funds to a borrower that will get...

  6. ASIC reveals latest licensing figures

    beyond 1 July this year, with the number of approved applications still limited. An ASIC spokesperson told SMSF Adviser late last week that it has, to date, approved 149 applications for a limited licence, up from 100 in early April. A further 308...

  7. Australia a hotspot for economic crime, warns PwC

    to a recent PwC survey. The study revealed 52 per cent of Australian organisations experienced economic crime in the last 24 months compared with the global average of 36 per cent. According to the Australian edition of PwC's 2016 Global Economic Crime...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  8. CEO warns of $20bn gap in SME funding

    also explains why we've been inundated with such overwhelming demand since launching version one of [our] website in October last year, and having now funded over $1.5 million in loans to SMEs to date." Alternative business finance providers have staged...

    • Type: Article
    • Author: Adam Zuchetti
    • Category: Business

  9. SME lending reaches record high

    report by the Australian Bankers’ Association (ABA), banks approved approximately $88 billion in new small business loans last year, up from $77 billion two years ago. The report found almost nine in every 10 small businesses said they do not see access...

    • Type: Article
    • Author: Emma Ryan
    • Category: Business

  10. NAB makes LRBA play

    said the bank is looking to more actively promote the product in the marketplace. "This product has played a role for the last four years within our business. But as the landscape is shifting […] we’re having more conversations about this product than...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Business

  11. ATO issues warning on con artist threat

    that based on recent reports made to the ATO, iTunes gift cards were part of new tactic being used by fraudsters. "In the last month, of the 8,692 phone scam reports we received in April 2016 in relation to the fake ATO tax debt scam, 58 reports...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  12. Moore Stephens defends its Australian operations

    member firm at this time, Moore Stephens CEO Peter Antonius declared the network will be an ongoing success. “Over the last 12 months, Moore Stephens Australia has undergone a significant transformation, culminating in a strategic review of its network...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  13. SMSF trustees at risk following budget

    loans compliant by 30 June this year are at risk of being “badly caught out” by one of the government’s budget measures. In last week's budget, the government proposed introducing a $500,000 lifetime cap for non-concessional contributions to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  14. EY hits out at super changes

    The changes announced in the federal budget last week will pose some challenges to the efficiencies of the superannuation system, according to EY. Superannuation was a key, if not overwhelming, focus of last week’s federal budget. High-income earners...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  15. Litigation likely with new LRBA structures

    non-commercial terms, with any mistakes likely to lead to significant expense and potential legal action. The ATO confirmed last year it expects trustees to have borrowing arrangements on commercial terms by 30 June this year, and released guidance last...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Business

  16. IPA applauds government's support of SMEs

    The Institute of Public Accountants has praised the government for supporting the nation's SME sector in last night's federal budget. In a statement, IPA CEO Andrew Conway said he was pleased to see the government build on initiatives announced in last...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  17. Four things you need to tell customers at EOFY

    SuperStream is mandatory for all employers with 19 or fewer employees from 1 July 2016. Independent research conducted late last year found around one third of employers weren’t even aware of SuperStream, let alone having an understanding of what was...

  18. Accountants warned of ASIC shadow shopping

    being warned that the likelihood of them being targeted under the AFSL regime for compliance is even “more intense”. Late last week, ASIC deputy chair Peter Kell said the regulator plans to undertake a series of expanded and additional projects directed...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  19. myTax expanded to sole traders and contractors

    will be eligible to use myTax from 1 July this year. “Over 1.7 million individuals lodged their tax return using myTax last year and this number is expected increase this year,” Minister O’Dwyer said. “With its expanded eligibility, over three million...

  20. Two firms join Walker Wayland

    Lawyers is the second law firm to join Walker Wayland Australasia after debt negotiation firm Tax Assure joined in November last year. "Now Sutton Douglass extends that area of expertise," said Mr Dorazio. "Sutton Douglass marries strong technical tax...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
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