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  1. November SME pulse records slight downtick: ASBFEO

    dip in the business environment. This month, the ASBFEO pulse dropped 0.1 per cent, the ninth consecutive fall over the last 12 months, resulting in a total decline of 1.4 per cent. Ombudsman Bruce Billson said the fall represented a levelling out...

  2. November CPI falls to 2-year low 

    low in oil prices. Inflation for the 12 months to November fell to 4.3 per cent, down from 4.9 per cent for the year to last October and the lowest result in two years, according to this morning’s ABS data. ABS head of prices statistics Michelle...

  3. Not Using New Technology? You Risk Losing Out in 2016

    Promoted by The exponential rate of technological change over the last decade has many experienced accountants and other professionals on the run as they try to keep pace. Keeping up to date professionally has always been challenging enough, but all...

    • Type: Article
    • Author: Content Partner
    • Category: Technology

  4. North American interest boosts strong M&A results

    led to a valuation increase for Australian assets, creating increased competition for Australian PE firms,” said Mr Sonego. Last week, EY’s Australasian Capital Confidence Barometer found that a record 99 per cent of Australian executives believe the...

  5. Non-major bank finds tech a mixed bag for accountants

    prior. Advisory services made up 34 per cent, tax services contributed 22 per cent, and bookkeeping was responsible for the last 3 per cent. This changing make-up of services is the result of increasing importance of technology in accounting services...

  6. Non-compliance common among SMSFs with no accountant

    according to Investment Trends data. Speaking at the Chartered Accountants Australia and New Zealand conference last week, Investment Trends research analyst Recep III Peker said accountants are finding a large number of contraventions within the SMSFs...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Super

  7. No, seriously, where are the women?

    it serves. “While there has been some success in increasing the number of female practitioners in the industry over the last three years, we still have a long way to go,” he said. “We have a number of excellent female practitioners and female lead firms...

  8. No time for JobKeeper, says Prime Minister

    his decision not to return to JobKeeper as pressure mounts from local and state government leaders. “I’m not trying to solve last year’s problem,” said Mr Morrison on Wednesday. “I’m trying to solve the issues and provide economic supports directly to...

  9. No safe distance: the shockwave you can’t see yet

    task here is to quantify the dollar exposure, not estimate it. Ask the client to pull their fuel and energy spend for the last 12 months. Then model a 15 per cent and a 25 per cent increase. The number matters more than the scenario. Channel 2: Import...

  10. No safe distance: the call your clients are about to make

    you do with that map. The call is already coming. It is a Wednesday morning. A client you have not spoken to since their last quarterly review rings your direct line. They skip the pleasantries. Their fuel surcharge invoices have risen by 30 per cent in...

  11. No new policy on private rulings, says Tax Office

    raised concerns after noticing that the ATO had stopped providing reasons in the edited versions of private rulings over the last six to eight weeks. “They published the facts, they published their answer to the question and they published the question...

  12. No further JobKeeper eligibility changes, says Treasury

    prioritising work on the alternate test for special purpose service entities, announced by Treasurer Josh Frydenberg last Friday. “Those changes to the rules that the Treasurer announced on Friday would be made this week, and we’re working on defining...

  13. No free lunch: Corporate catering director lands $2.8m tax bill

    catering business has landed a hefty tax bill after failing to pay superannuation guarantee charges and GST liabilities. Last Thursday (13 November), catering company director Michael Deering landed a $2,804,639 tax penalty after failing to pay the ATO...

  14. No FBT-free joyride for firm Ferrari used on winery trips, tribunal rules

    Tribunal that a Ferrari purchased through his company was primarily for work purposes and should not be subject to FBT. Last Friday (13 February), the Administrative Review Tribunal (ART) rejected a director’s appeal against amended fringe benefit tax...

  15. No compliance, no extension: Accountant warns late lodgers as 31 Oct deadline looms

    is not automatic, particularly for taxpayers with outstanding prior-year returns. In short, signing up with an agent at the last minute won’t save you from the 31 October deadline if your previous tax obligations remain unlodged. No automatic extension...

  16. Nixon urges accountants to seek further education

    to succeed in the new accounting environment, skills traditional education offerings aren’t currently delivering. “In the last week I coined the phrase, 'to grow, you have to know',” Mr Nixon said. “Accountants know about what they’ve been doing for a...

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

  17. Nine out of 10 economists expect rate rise today

    the RBA would hold the cash rate in April. "We've seen several survey results expecting a pause in rate rises over the last few months, but this is the strongest result yet," Mr Cooke said. "While inflation has yet to be calmed, homeowners deserve a...

  18. Nine accountancy firms make Australia’s top 500

    accounting firms, was well represented with 31 companies with an average revenue of $695.2 million, up 10.5 per cent on last year. However, there was a big gap to the next accounting services entities, with mid-tiers Findex in the 155th spot with $443.1...

  19. Nick Scali repays $3.6m in JobKeeper subsidies

    move comes after Nick Scali reported an 89.9 per cent increase in profits to $40.6 million for the six months to 31 December last year, lifting its interim dividend to 40¢ a share, up from 25¢ last year. In an announcement to the ASX on Monday night,...

  20. Next rollout phase of new ATO portals imminent: second commissioner

    quarter of this calendar year, Mr Katf told Accountants Daily. It has been in private beta testing since about December last year, when around half of its functions were rolled out to a test group of what is now approximately 100 tax agents. Delivery of...

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