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  1. TaxLeopard hunts down rival Airtax to feed expansion plan

    The tax app for freelancers and contractors has made its first acquisition since launching last year, buying a “sleeping giant” developed by PwC. Accounting software start-up TaxLeopard has acquired rival fintech Airtax, kicking off expansion plans...

  2. RBA rate decision in balance despite slower inflation

    The latest CPI figures have left economists divided over the bank’s next course of action. A surprise slowdown in inflation last month has failed to rule out the prospect of a rate hike in the minds of economists ahead of the RBA’s meeting next...

    • Type: Article
    • Author: Christine Chen
    • Category: Business

  3. Online spending up $200 in ‘strong finish’ to 2023

    them to capitalise on the uptick in consumer confidence, Airwallex says. Consumers spent nearly $200 more on average online last year thanks to a surge in the final quarter of 2023, indicating a “return to online spending growth”, according to...

  4. ‘Renewed concerns’ about economy sees consumer sentiment dip: Westpac

    Consumers remain deeply pessimistic about the near-term outlook for the economy despite signs of improvement last month, says the major bank. The Westpac Consumer Sentiment Index fell 1.8 per cent to 84.4 in March with concerns still worried about the...

  5. Air Accounting taps into e-commerce with Bean Ninjas partnership

    The deal follows the acquisition of speciality hospitality accountants Cafe Bookkeepers last year. Air Accounting has partnered with e-commerce accountants Bean Ninjas to diversify its specialist offerings, it announced in a statement last week. The...

  6. Shock tax code changes hit industry

    Governance procedures introduced by the Assistant Treasurer without warning last week have flown under the radar but will overwhelm many firms, practitioners say. The tax community has been blindsided by a set of rule changes mandating firms to...

  7. SMEs at risk of cyber crime, MYOB data reveals

    the business management platform has revealed most Australian SMEs have experienced a cyber attack or cyber incident in the last two years. New data from MYOB has revealed 61 per cent of medium-sized businesses and 12 per cent of small businesses have...

  8. Personal insolvencies see slight dip in Q1: AFSA

    Personal insolvency numbers have reflected a slight drop for the 2025 March quarter in comparison to the same period last year. Recent data from the Australian Financial Security Authority (AFSA) revealed personal insolvencies across Australia have...

  9. 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...

  10. ‘Looking like a rough start’: SMEs set to feel the pinch as CPI spikes

    Following last week’s spike in December inflation data, economists are warning small businesses to brace themselves to feel the impact. Last Wednesday (28 January), the Australian Bureau of Statistics (ABS) released the headline CPI figure, which came...

  11. Mid-tier snags ex-ASIC veteran employee

    One mid-tier firm has appointed a new associate director in Perth who spent the last 25 years working with the Australian Securities and Investment Commission. BDO has announced the appointment of Jane Gouvernet to its Perth advisory team as an...

  12. Top EOFY mistakes revealed

    year's results 2. Not keeping accounts and records up to date throughout the year (58 per cent) - down from 62 per cent last year 3. No contact with their accountant over the financial year (58 per cent) - up from 42 per cent last year 4. Does not...

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

  13. Q&A: Matthew Taylor talks about selling practices

    selling practices, is there much activity in the market right now? There has been increased buyer and seller activity in the last 12 months - this has come off the back of some extremely low turnover. There is a significant amount of buyers in the...

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

  14. Two-speed economy hitting SMEs, says MYOB

    confidence in their revenue performance, business operators have reported increasing pressure on their operations over the last five years. The survey highlighted a number of leading pressures like fuel prices, cash flow, price margins and the timing of...

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

  15. Latest AFSL crackdown a warning to accountants

    Following licence cancellations last week, it is clear ASIC isn’t holding back on cancelling AFSLs that don’t comply with their audit requirements, sending a warning to recently licensed accountants. Last week, two financial planners had their AFS...

  16. Specialist, in-house tax roles in high demand for first quarter

    Daily, Brewer Morris partner Mark Pryor said his firm has seen the busiest start to the first quarter of the year for the last three years, mirroring the increased demand for specialised tax roles in the industry. “I think overall, over the last few...

  17. Licensing arm poses another big conflict for CPA

    and standards, will be retired by December this year. CPA Australia confirmed the phaseout in its candidate handbook late last year. Accountants Daily understands several training providers in the market have had to reconsider their offerings in...

  18. Let dodgy clients go: TPB lays down law for tax agents

    at the Accounting Business Expo, TPB chair, Ian Taylor said that while comments made by ATO commissioner Chris Jordan last week had rightly caused angst within the community, it was a timely reminder for registered tax agents to remember their...

  19. Property woes compound for SMSF clients

    Ms Brown said. For several months, even specialist SMSF brokers have been finding the market for SMSF loans challenging. Last year, Thrive Investment Finance owner Samantha Bright said tougher loan-to-value ratios and capital requirements for SMSF...

  20. Accountant-focused licensing providers see adviser spike

    Merit Wealth, an accountant-focused licence owned by Easton Investments, saw a spike in the number of advisers joining last year, with 219 financial advisers becoming authorised representatives in 2018. This was more than triple the number of advisers...

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