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  1. On-demand and automated Cashflow projections for MYOB and Xero

    scenarios, Days of Cash Remaining Alexander Laureti, Partner at LMS Advisory, Parramatta, continues his story from last week about the benefits LMS obtain through Cerebiz automated cash collection system integrated with MYOB’s AE Practice Management...

    • Type: Article
    • Author: Cerebiz
    • Category: Business

  2. On behalf of Intuit QuickBooks, we would like to wish you a Happy International Accountants Day!

    $45.3bn in value (savings and profits) from their relationships with their accountants and bookkeepers (advisors) in the last year. Through hard times we have seen advisors step up to the plate, and their role in supporting the small business economy in...

  3. Omicron more likely to delay economic recovery than derail it

    Australia’s recovery from last year’s lockdowns may be delayed by Omicron, but it won’t necessarily be derailed by it. The impacts of the Omicron variant are already being felt, but experts expect economies like Australia’s to pull through new...

  4. Ombudsman data foreshadows challenging future for small businesses

    has revealed that payment times in October have ballooned up to an average of 31 days late, compared to 13 days late last year. Ombudsman Kate Carnell believes the new figures are an indicator of the challenges facing small businesses in the coming...

  5. Old hands ‘paying for higher graduate salaries’

    for 20-plus years. The remuneration report showed that they're actually having an a negative impact to their salaries in the last 12 months. “So they're being paid less so that we can actually fund these higher salary at the entry level spots, so that...

  6. Offspring living with parents miss out on 67c WFH rate  

    ATO’s revised WFH guidance, say tax professionals. The revised fixed rate of 67c an hour, set out in PCG 2022/D4 released last week, specifies tighter record-keeping requirements than the previous 80c shortcut method and specifically rules out claims...

  7. Offshoring creates mid-level talent shortage

    well I’m not quite sure what we're going to see – but perhaps we will see this shortage develop of experienced accountants.” Last year, Pitcher Partners Sydney managing partner Rob Southwell also alluded to this issue, saying that the recent slowdown in...

  8. Off-market buybacks ‘super-size tax benefits – for some’

    low or no tax participants at the public’s expense.” The measure, introduced by the Albanese government in its first budget last year, was forecast to raise $550 million over four years.

  9. OECD executive among 3 new ‘high calibre’ KPMG hires

    both for our people and our clients.” The appointments come after KPMG announced a major overhaul of its consulting practice last month. It involved cutting 200 senior staff and pivoting towards technology advisory in an effort to save $80 million and...

  10. Observers welcome RBA pause with economy at 'tipping point'

    a surprise monetary policy decision in pausing the cash rate at 4.10 per cent after the four per cent increase since May last year, rather than another raise that was expected. In his monetary policy statement, Philip Lowe said the uncertainty...

  11. Observers praise RBA pause as key indicators realign

    restaurant and café sector”. CPA Australia senior manager Gavan Ord said the RBA’s decision was straightforward in light of last week’s CPI figure but households and businesses would still sigh with relief. “Despite the economy slowing, there are some...

  12. O’Dwyer’s education official set to join big 4 firm

    credentials to someone that has just got a degree and RG146,” said CA ANZ senior policy adviser, Bronny Speed, late last month. Accountants are also frustrated that the current guidance does not differentiate between accountants holding a limited versus...

  13. NZ Budget shows the way

    great strides it has made in achieving a strong economic recovery,” Mr White said. “By turning around its deficits of the last six years, New Zealand can now spend more money on big ticket issues like research and development, and welfare measures such...

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

  14. Numerous companies to be wound up by big 4 liquidators

    associated with Macro Group, and have been ordered by the Federal Court of Australia to wind up all associated companies. Last month ASIC applied for KPMG partners Hayden White and Matthew Woods to be appointed liquidators to 19 'special purpose...

  15. Number of SMSF clients without accountant triples

    advice. “The issue though is that if you look at the number of SMSFs who use an accountant and how its has changed over the last 10 years, it's increased by only about 10,000 or 20,000 while the number of SMSFs who don't use an accountant has tripled...

  16. NTAA, CPA Australia flag ‘significant gaps’ in OSfA functionalities

    ATO’s online services for agents platform (OSfA), building on her previous review into the ATO's registered agent phone line last year. In submissions to the review, CPA Australia and the National Tax and Accountants’ Association (NTAA) flagged numerous...

  17. NTAA offers feedback on Tax Ombudsman’s ATO GIC remission review

    The association concluded that this submission to the Tax Ombudsman on the matter followed a submission made in October last year opposing the original draft exposure draft legislation. In addition, another submission was made in conjunction with other...

  18. NTAA members tipped for last-minute licensing rush

    Tax and Accountants' Association (NTAA) regarding referrals of clients for advice services, one association has tipped a last-minute rush as the end of the accountants’ exemption approaches. The Association of Independently Owned Financial Professionals...

  19. NTAA flags potential revised Div 296 tax implications

    year.” The revised proposal also contained transitional arrangements to ensure that an individual who passed away before the last day of the 2027 income year would not be liable to pay Div 296 tax for that year, whereas the original proposal stated...

  20. NSW, WA governments announce new grants post-lockdown

    be available to small businesses in Sydney’s Northern Beaches that were affected by COVID-19 restrictions over Christmas last year. WA small businesses will also now have access to a $500 offset on their electricity bill under a new $43 million package...

    • Type: Article
    • Author: Adrian Flores
    • Category: Business
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