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  1. Mid-tier offers last-minute tax advice

    With the end of the financial year only a few weeks away, mid-tier firm HLB Mann Judd has highlighted last-minute steps that can be taken to minimise tax liabilities for SMSF clients. HLB Mann Judd Sydney tax partner Peter Bembrick said one of the...

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

  2. Businesses, accountants urged to get prepared

    in the previous year. Oneflare CEO Adam Dong said that a staggering number of people and businesses are leaving it until the last minute to get financial guidance for tax time. "Although many businesses work with bookkeepers or accountants on a monthly...

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

  3. SMEs reveal pessimistic forecast

    over the next 12 months, the proportion of operators expecting their revenue to increase was just 31 per cent. In October last year, 38 per cent of operators said they had more work or sales in the pipeline, but this number has now fallen to 34 per...

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

  4. Former liquidator pleads guilty

    by the Commonwealth Director of Public Prosecutions. Mr Levi previously faced the Downing Centre Local Court in November of last year with the case then adjourned to a later date. The deception offences carry a maximum penalty of five years, while the...

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

  5. SME owners bullish amid uncertainty

    who anticipated growth in 2015 and 64 per cent in 2014. Forty-nine per cent of SME owners reported actual growth over the last 12 months, which is in line with 2015 and up 3 per cent from 2014. At the other end of the spectrum, 20 per cent reported a...

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

  6. Small businesses not seeking accountants' advice

    than half of all surveyed businesses used an accountant or financial adviser to review their banking relationship in the last year. Ross Prosper, director of taxation and business services at Bentleys Western Australia, said SME owners who don’t seek...

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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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...

  12. 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...

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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
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