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  1. A closer look at the small business restructuring reforms

    as unlike the voluntary administration process, the creditors’ control is limited to approving the SBR plan. This may lead to the creation of more zombie companies if the debtor has exhausted its cash resources and is unable to pay for its winding up....

    • Type: Article
    • Author: Andrew Spring, Jirsch Sutherland
    • Category: Business

  2. ATO yet to analyse profit-making companies on JobKeeper

    the ATO if it had done any analysis on companies with increased profits while on JobKeeper, as the Opposition continues to lead calls for large corporates to return the wage subsidies before paying out executive bonuses and dividends. “From the ATO...

  3. ACCC casts doubts over MYOB acquisition of GreatSoft

    last year following the announcement of the proposed acquisition. The ACCC believes the proposed deal could potentially lead to increased prices, reduction in customer service, or a reduction in investment in product innovation because of a lack of...

  4. Treasury considers five-fold increase to statutory demand threshold

    it is disputed by the recipient company. Conversely, it contends that reducing the ability of creditors to take action may lead to unintended consequences, including creditors managing their risk of non-payment through dealing with the company on less...

  5. Mid-tier appoints 5 new partners

    Pitcher Partners’ Sydney partnership has also welcomed Steven Bragg, a former partner at KPMG. Mr Bragg was the national lead at KPMG’s motor industry services, and will look to provide consulting, audit, tax, M&A, industry-specific training and...

  6. Scott Morrison to consider new aged care tax

    perceives aged care for the better, towards it being seen as something valuable in which we all have stake, and that it will lead to greater scrutiny and accountability in the way money is raised and spent on aged care into the future,” he said....

  7. Former minister appointed small business ombudsman

    pandemic has been punishing for many of our small and family businesses, which will need a supportive environment to help lead the nation into recovery.” The incoming ombudsman signalled a focus on getting small businesses back on track in the wake of...

  8. ATO flags additional updates on information accessible ahead of TBC changes

    come into effect before 1 July 2021. “These are all things that may impact an individual’s entitlement to indexation or may lead us to determine that an individual has exceeded their transfer balance cap,” she said. “If you or your client think...

  9. 5 strategic benefits of automated workflows for accountants

    their managers. It also improves accountability, with job progress able to monitored at a glance, and the ability for team leaders to identify high-quality performers. It will also reveal any bottlenecks the team may be experiencing, and with full...

  10. Deloitte CEO announces sudden departure

    announcement comes just two and a half years into a four-year appointment. “It has been a tremendous honour and privilege to lead this great firm,” Mr Deutsch said. “I am extremely proud of what we have achieved over the past two and a half years. “We...

  11. RMIT partners with cloud platforms to launch new accounting course

    their current workforce,” said Helen Souness, CEO of RMIT Online. “We’re thrilled to be partnering with such strong industry leaders to offer this program to accounting professionals across Australia who are facing an increased need to upskill to expand...

  12. Xero scores global agreement with BDO

    the preferential accounting software for its SME clients, with other BDO firms to join in due course. BDO Australia national leader for business service Matthew Laming said the partnership comes after the COVID-19 pandemic had highlighted the importance...

  13. ‘JobKeeper must come to an end’: Employment bounces back to a pre-pandemic level

    characteristics in the program that, as the economy strengthened, if the JobKeeper program was kept in place, would lead to adverse outcomes, particularly hampering mobility of labour across the economy.”

  14. Bookkeepers to play pivotal role in SME recovery post-JobKeeper

    waits until they actually need funding, they may struggle to secure the right funding.” Bookkeepers are well equipped to lead the sector into recovery, Mr Addison said, citing the track record of accountants, bookkeepers and brokers throughout the...

  15. ATO slammed over ‘soul-destroying’ fraud allegations

    to have that changed even with compelling evidence and a compelling case. You can see that the way the cases unfold can lead to very unfair outcomes that may not be correct.” In contrast, in cases of tax avoidance — a less serious finding — a taxpayer...

  16. An end-of-tax year preview in a post stimulus world

    tax expert Robyn Jacobson, senior advocate, The Tax Institute, about areas of focus for accountants and bookkeepers in the lead-up to the end of the financial year. Get set for tax time The end of the tax year is fast approaching. Accountants and...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Tax

  17. Advisory firm snares former ATO assistant commissioner

    governance, risk and operations in his new role, offering the firm vast experience working with board and security leaders to improve security, reporting and metrics, and organisational security strategy. Speaking on Mr Norton’s appointment,...

  18. International consulting firm appoints forensic accountant

    and regulatory scrutiny. Speaking on Mr Mullins’ appointment, FTI Consulting’s forensic and litigation consulting lead, Dawna Wright, said the appointment comes at a time of “growth” for the firm, bolstering its valuation advisory and risk and...

  19. Pitcher Partners appoints new managing partner

    a general business sense. My role as COO has largely been about developing and executing strategy, and now I am excited to lead the charge as we evolve the way we look after our clients and our people.” Mr Southwell will step down as managing partner...

  20. What are the accounting and audit shifts you need to know about?

    accountants should learn to juggle and ensure their clients do the same. Chartered Accountants ANZ reporting and assurance leader Amir Ghandar FCA will lead an informative panel session into the future of financial and non-financial reporting. An expert...

    • Type: Article
    • Author: Chartered Accountants
    • Category: Business
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