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  1. SME confidence on the rise

    cent of business owners anticipate growth in the next 12 months while 46 per cent of owners reported revenue growth in the last 12 months, and just 20 per cent reported a decline. Andrew Graham, national head of business solutions at RSM Bird Cameron...

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

  2. Opportunities for Australian businesses in Asia

    of M&A transactions globally reached AU$1.83 trillion in the first half of 2014, an increase of 41 per cent on the same time last year. Appetite for domestic M&A is also increasing with Clayton Utz declaring in its Improved Levels of M&A Activity 2014...

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

  3. Part-selling small businesses on the rise

    to the firm, nearly half of all business owners who have sought advice regarding the selling of their business in the last two years have chosen the part-sell option. Mark Calvetti, director of William Buck said since the GFC the firm has noticed...

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

  4. Q&A: Paul Bloxham discusses the state of the economy

    now. How is business confidence fairing at the moment? What we have seen with business confidence is an improvement since last year but it is still at lower levels than in previous years. I think it is taking a while for businesses to feel willing to...

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

  5. ATO issues warning on offshore income

    Australia’s tax system, taxpayers who voluntarily come forward and disclose before December 19 will only be assessed for the last four years, only be liable for a maximum shortfall penalty of 10 per cent, and will not be referred for criminal...

  6. Findex reveals plans for Crowe Horwath

    the firm’s wealth-related service offering. “It’s where our heritage is and our business has grown exponentially over the last decade in that space so I think we can add some value immediately there,” he said. Mr Paule's ambition is to create a fair...

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

  7. Tax white paper 'very likely' delayed indefinitely

    delayed the release until its second term (assuming it is re-elected). “I think everything that has happened over the last month and particularly the last week probably indicates that this government is going to be very risk-averse for the remainder of...

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

  8. Countplus launches new accounting business

    able to acquire direct equity in their businesses. Barry McGee has been appointed Blue789 chief executive. Countplus Limited last week reported a half-year consolidated net profit before tax result of $8.73 million (down 7.4 per cent) and a net profit...

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

  9. Tax agent found guilty of TASA breach

    (TASA) by recklessly making statements to the commissioner of taxation that were false, incorrect or misleading. The Court last week declared that between August and September 2011, Cheng Cheng Li of Sydney, a registered tax agent, prepared and lodged...

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

  10. IGT to handle tax complaints

    Our goal is to ensure that taxpayers and tax practitioners are treated with fairness and respect,” Mr Noroozi said. Last year, the ombudsman reported that his office had received 1,369 complaints about the ATO. The IGT has worked with the ombudsman to...

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

  11. Xero offers new conversion tool

    their clients”. The new tool comes in addition to the MYOB-to-Xero conversion tool, which Xero indefinitely extended last year for thousands of accountants and bookkeepers. Xero Australia managing director Chris Ridd said the new tool comes in response...

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

  12. Ambiguity in Shareholder Agreements - what you need to know

    The value of the Company by valuing it on a multiple of the average earnings of the Company before interest and tax for the last 3 years, where the multiple is determined by 2 valuers as agreed between the respective parties. - The deed then goes on and...

  13. How can SMEs fund import/export opportunities delivered by a free trade economy?

    opportunities in import and export. Not all SMEs are aware of these funding options, which I've outlined below. In December last year the Department of Foreign Affairs and Trade (DFAT) released the 50th annual edition of “Australia’s Composition of...

  14. Bentleys launches mobile tax guide

    mindset is imperative to a business' success. Bentleys believe that clients' expectations will change to reflect their last digital experience. A client that experiences automation will expect automation from other service providers. “The minimum...

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

  15. Moore Stephens loses another office

    said. "We would like to thank the Moore Stephens Canberra practice for the contribution it has made to the network over the last several years," the firm's executive chairman, Don Boyd, stated. The Canberra office's exit follows that, in May 2015, of...

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

  16. ASIC unveils latest licensing numbers

    This is an increase of 16 applications since 22 October this year. ASIC has now approved 78 applications, up from 74 as of last month. However, 101 applications have also been rejected or withdrawn, an increase of nine rejections since last month. ASIC...

  17. ASIC already shadow shopping as deadline looms

    body noting that compliance activity is set to ramp up in 2016. Speaking at the IPA’s National Congress on the Gold Coast last week, executive general manager Vicki Stylianou warned that ASIC is treating the accountants' exemption phase-out as a “hard...

  18. Cuts to working visas don’t add up for accountants

    one third moved to the UK on a permanent basis, another third moved on a two- to three-year work experience cycle and the last third on a three- to six-year development cycle. The last time a change was made to the rules allowing Australians and New...

  19. Billson calls time on political career

    "hang up the campaign R.M. Williams" and not contest the Victorian seat of Dunkley for an eighth successive term. “For the last 12 years of my 20 years as a Parliamentarian, I have been a Coalition front-bencher and for the last six years, a...

  20. ATO admits past failures

    the organisation has accomplished very little in "the portal space". “I was annoyed because everything that we had done last year to try to build relationships and get people to understand that we are in partnership seemed to be flying out the door...

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