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  1. Why R&D beckons when consultants have time on their hands

    of excess capacity, but the benefits go much further. In the dynamic landscape of consulting, where fluctuating demand can lead to periods of excess capacity, SMEs have a unique opportunity. Rather than taking longer lunches and playing Sudoku, staff...

  2. Average refund plummets by $580, total payout down $5.4bn

    changes earlier this year, said the decline was in line with his expectations. “The absence of LMITO was inevitably going to lead to smaller refunds and the change to working-from-home deductions has also been a factor,” he said. “The ATO were adamant...

  3. Do your homework to avoid ‘culture tax’, accountants told

    create a safe environment for clients from diverse cultural backgrounds. Michelle Lim, the organisational culture and change lead at the RBA speaking in her personal capacity ahead of the inaugural Women in Finance Summit this week, said when clients...

  4. First Women in Finance Summit sells out

    will impart lessons on how to cultivate a healthy workplace culture based on her firsthand experience as a woman in a leadership role. Through three panel sessions, delegates will hear how the industry can empower more women to join the finance...

  5. Acquisition-hungry Count buys Canberra accounting boutique

    CEO Hugh Humphrey said the addition of the Canberra boutique, founded in 2006, was important to cement Twomeys’ place as a “leading integrated financial services business”, having opened its ACT office in 2022. “Twomeys has long had a strong presence...

  6. $22bn in unpaid invoices means Christmas stress for business owners

    felt the pressure from bills outstanding was worse than ever this year. Intuit QuickBooks accounting and adviser group lead Damien Greathead said the cashflow shortfall over the shutdown period put extra pressure on the sector when cost-of-living...

  7. Why modern revenue management could secure a stronger 2024

    who are staring into the considerable challenge of a ‘retail recession’,” Deloitte Access Economics Partner and report lead author Stephen Smith notes. The firm has forecast the Australian economy will grow by a mere 0.9 per cent in the current...

  8. AFP busts $229m Chinese money laundering operation

    The complex scheme was conducted through money remitters operating for years in “plain sight” and allowed gang members to lead lavish lifestyles in Melbourne. The AFP has thwarted a Chinese crime syndicate that allegedly laundered $229 million over...

  9. September CPI means another rate rise on the cards, observers say

    Magnusson said another interest rate increase was on the cards, although the RBA might hold next week. “We expect this to lead to one further cash rate hike, but not necessarily before Christmas,” he said. “While many households are squeezed, we have...

  10. Mid-year WFH changes ‘will catch out many taxpayers’

    he said. “Evidently, there are a number of areas for taxpayers, particularly those WFH, that need to be assessed in the lead up to the tax deadline.”

  11. Curb opaque powers of Commissioner, tax watchdog urges

    of the Commissioner because they are opaque, often delegated to junior officers or exercised without proper oversight, and lead to the perception of unfair treatment. The Inspector-General of Taxation and Taxation Ombudsman (IGTO), Karen Payne, said to...

  12. Why workplace accountability fails – and how to fix it

    are equal and just because managers have been given the title, does not automatically mean that they can effectively lead and manage people. It’s a skill, one that has to be developed over time. All managers should be taught how to keep their staff...

  13. Small business ‘dying from a thousand cuts to consumer spending’

    a busy Christmas that doesn’t eventuate and then they’ve got cash outflows without the money coming in, which could lead to a lot of discounts to move the stock early next year.” “We probably will see a spike but we’re concerned it won’t be the same as...

  14. Carbon acquires fourth Victoria office with bookkeeping takeover

    progression.” The Carbon Group said its bookkeeping and CFO services partners Allison Gardiner and Kate Kapovic would lead the partnership and were optimistic about its prospects. “We have seen a lot of growth in the Victorian bookkeeping and CFO...

  15. How to service clients from Indigenous backgrounds

    Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients, according to a finance coach. Understanding the financial needs of clients from Indigenous backgrounds requires service providers to...

  16. PwC reforms a disproportionate response: CA ANZ

    costs, particularly in the areas of internal governance procedures and professional indemnity cover. It could also lead to increased financial risk for owners of firms and expose accountants to more frequent, uncoordinated and lengthy regulatory...

  17. ‘Covid changed merger dynamics, tech has become a wildcard’

    And people are going, ‘I don't have to be the general. I'm happy to hitch my wagon to a bigger bus, so that not all roads lead to me’.” The attitude of sole practitioners had changed and they were now happy to trade some independence for an improved...

  18. Software overload means most CFOs stick to manual processes

    With some finance leaders juggling over 50 different tools, technology is leaving them overwhelmed and ill-equipped to lead their teams through uncertain times. An influx of finance tools has caused more problems than solutions for CFOs with many...

  19. Voice can enhance accounting profession, talent pool: CA ANZ

    perspectives would be considered in all policies. Listening to those in an entrenched position of disadvantage would likely lead to better outcomes, he said. CA ANZ moderator Gillian Bowen said only 0.5 per cent of the body’s 80,000 members identified...

  20. Revenue to slump 12% in gloomy outlook for retailers

    business crisis”. “Retailers will be concentrating on offering the best service and value for budget-driven shoppers as they lead into the all-important Christmas trading period.”

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