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  1. 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

  2. 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

  3. 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

  4. 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

  5. Two jailed for serious tax fraud offences

    successful investigations under the Serious Financial Crime Taskforce (SFCT). Former financial adviser Jeffrey Conklin was last week convicted in the Sydney District Court for tax fraud offences totalling more than $700,000. He was sentenced to five...

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

  6. Submissions now open for Australian Accounting Awards 2016

    Awards, partnered by Reckon, have been developed to recognise excellence right across the accounting sector. The response to last year’s event was "staggering", according to AccountantsDaily publisher Terry Braithwaite. AccountantsDaily received a...

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

  7. Pitcher Partners eyes further global growth

    said. "We recently did a survey of M&A work, and I think about 40 per cent of all M&A work in the Australian middle market last year involved overseas players, so you’ve got to be a participant. You’ve got to build a capability and you’ve got to...

  8. Industry award provides kick-start for new firms

    recognition to help businesses attract quality staff and clients. The recipient of the New Firm of the Year award in last year’s Australian Accounting Awards, Sovereign Private, said it has given the business further validation among its client base....

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

  9. Over 500 limited licence applications still in limbo

    have now been granted, many of which are draft licences, ASIC commissioner Greg Tanzer told the CPA National SMSF Conference last week. “A significant number, nearly 284, have been withdrawn and returned to applicants, because they were incomplete,...

  10. Eight tips to improve a business sale

    for their business exit until it is actually time to exit, which is far too late. Leaving succession planning to the last minute means the business is at risk of slumping growth, unhappy and confused employees, and clients and customers who are caught...

  11. New guidance looms for fixed entitlements

    is fixed, which can have a significant impact on tax outcomes for clients. Practical Compliance Guideline 2016/D16, released last week, outlines the factors that the commissioner will consider when deciding whether to exercise the discretion to treat an...

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

  12. They said accountants had no future, and they were wrong

    less suited to the ATO’s do-it-yourself system. The final percentage for agents may yet be broadly in the same ballpark as last year. Many people – myself included – worried that myTax could turn into the Uber of the tax world, the digital disrupter...

  13. How to move your business to the cloud

    to what information and data is actually transitioned. With SMSF accounting most of the information you need is from the last 12 months. Dedicate resources to moving that information and leave the rest on the legacy system. Simply remove access and...

  14. ASIC reveals registration data, lashes out at accountants

    the end of the three-year limited licence transition arrangements. Approximately 40 per cent of applicants left it to the last month of that 36-month transition to apply, according to the REP 503, resulting in significant delays in licence assessments...

  15. SMEs high on list of corporate insolvencies

    reflecting the asset/liability profile of small-to-medium size corporate insolvencies. Keeping with the patterns of the last three financial years, the industries with the most lodgements for the 2015-16 financial year were construction, accommodation...

  16. Graduate neglect leads to lacklustre mid-level talent

    that there is a concerning talent gap in the industry. “As an industry we've probably hurt ourselves a little bit in the last couple of years, particularly the big four and the mid-tier firms, there was a big slow down in graduate recruitment, maybe not...

  17. Treasurer makes moves to prevent 'overtax' in Australia

    the room to ensure that they don't overtax the Australian economy and drive down growth.” Mr Morrison believes that at the last election, Labor abolished their commitment to a tax-to-GDP cap despite the fact they introduced it when they were last in...

  18. Deloitte finds Aussie CFOs more uncertain than ever

    ‘above normal’ and ‘very high’.” While it was Donald Trump’s surprise US presidential election win that characterised last year’s atmosphere of uncertainty, the new president is expected to have little short-term impact on Australia. “[CFOs] are taking...

  19. MYOB data reveals change in SME sentiment, patterns

    biannual Business Monitor survey of over 1000 SMEs today. In reviewing the results of the Business Monitor survey from the last seven years, MYOB has discovered that Australian businesses are becoming more resilient and flexible in a changing economic...

  20. Is ranking highly in Google really important for your accounting firm?

    pretty nice holiday. So how do you achieve the legendary first place in Google? And once you get there, what happens? In the last decade, I’ve worked with hundreds of accounting firms across the English-speaking world, helping them with their websites...

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