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  1. Major bank unveils invoicing product

    from Deloitte Access Economics said e-invoicing could result in economy-wide benefits of up to $28 billion over 10 years. Last month, Treasury released a discussion paper consulting on the e-invoicing governance arrangements between the Australian and...

  2. Major bank spies change in investor behaviour, preferences

    Z, Gen X and Gen Y investors. Gen Y investors now represent the largest cohort of investors who traded international shares last year,’’ Ms Dale said. “Australian investors, particularly younger investors, understand that while the Australian...

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

  3. Major bank shakes up SME loans approach

    Enterprise Ombudsman Kate Carnell’s small business loans inquiry recommended these moves for Australian banks in December last year, for implementation by July 2017. It followed unfair contract terms legislation coming into force last November. “The...

  4. Major bank identifies accountants' challenges, hurdles

    Business confidence for the next 24 months is 36 per cent, marginally down from 40 per cent in May 2016. “Compared to the last survey, sentiment has increased by 10 per cent, which is a really positive and material uplift given we’ve been tracking it...

  5. Major bank finds 90% of accounting firms are aiming for launches

    cent of firms acknowledging it as a key concern. The issue has been felt across the accounting sector, with a Sage report last month finding that just 13 per cent of accountants believed that accounting training was adequate for the next 10 years....

    • Type: Article
    • Author: Jotham Lian
    • Category: Business

  6. Major bank eyes small businesses with new initiatives

    banking fees, with the bank removing all electronic transaction fees from Commonwealth Bank business accounts in August last year, and more recently, introducing a more flexible fee option for customers who prefer to bank online. “Our small business...

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

  7. Major bank cuts rate on business, home loans

    rates for terms of three to five years. “Coupled with the wide range of support measures we have rolled out over the last eight months, we’re confident these offers will help many small businesses get through this challenge and back on the road to...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  8. Major acquisition, internal promotions see 104 new partners join KPMG

    coming from internal promotions. KPMG has announced its new partner intake for 2019, with 104 new partners named, up from 78 last year. The majority of appointments were made in the deals, tax and legal division, with 41 new partners being named in this...

  9. Major accounting software players tipped to make big moves in HR

    the Scandinavian region called Visma, and they are the leading accounting technology provider in that region. Over the last three years, they have acquired a large number of HR and payroll tech companies,” Mr Paff said. “If you look at the HR tech...

  10. Major accounting body flags 'next disruptor'

    business environment. “We think that purpose itself has the potential to be a disruptor, similarly to technology over the last few years, similarly to environmental things that have been in place for more than a decade now,” Mr Carpenter said. “We feel...

  11. Mackay Goodwin ventures west with Perth boutique acquisition

    Goodwin has expanded into Western Australia with the acquisition of Perth boutique GTS Advisory, it announced in a statement last week. The opening of a Perth-based office means the firm now has 12 locations across the country and a presence in every...

  12. Mackay Goodwin touts extended service offering amid rebrand

    Goodwin has always specialised in helping businesses recover from economic challenges,” Mr Calabretta said. “Over the last year, it has become very apparent there are also some fantastic organisations, both listed and unlisted, as well as start-ups,...

  13. Mackay Goodwin appoints bankruptcy division head

    in NSW and 2,494 personal insolvencies in Australia, a 12.6 per cent national increase compared to the same period last year. ASIC reported a 9 per cent decrease in company insolvencies in June compared with May and Mr King expected an “uptick” on those...

  14. M&A work tipped to increase for accountants

    year following a slow 2016 caused by political uncertainty, creating opportunity for accountants according to a mid-tier. Last week, Pitcher Partners released its third annual M&A report in conjunction with Mergermarket's Dealmakers: Mid-Market M&A in...

  15. M&A market ‘better than expected’ through 2018 uncertainties

    market did not perform as well as the previous year, it had come along admirably considering the numbers of changes over the last 12 months, including a new Prime Minister. “Overall 2018 was a pretty good year when you look at all the factors holding...

  16. M&A deals reach 7-year high

    a 19.5 per cent increase in transactions from the year before, representing the highest M&A activity in Australia in the last seven years. The total value of the 49 transactions over $50 million in 2018 was approximately $48.7 billion, compared to $41.6...

  17. Lull in SME financial disputes could be temporary, AFCA warns

    financial disputes for small business, the AFCA cautioned, after fewer hardship issues meant total complaints fell slightly last year. Small businesses won more than $18 million in compensation and refunds from 3,490 complaints in 2021–22, a 3 per cent...

  18. Lower Div 296 threshold to $2m, increase Div 293 to 35%: Grattan report

    rates. And it would ensure that the bulk of retirees’ incomes, irrespective of their super balances, would be guaranteed to last the rest of their lives.” The second key reform is the establishment of a free service that “sums the parts” of the...

  19. Low-value GST collection at 300% of forecasts

    is tracking at 300 per cent of forecasts, as overall GST collection continues to grow. Since new laws kicked in on 1 July last year, GST will apply to sales of low-value, imported goods valued at $1,000 or less, to consumers in Australia, in a bid to...

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

  20. Low and middle-income tax offset could be extended

    year to help lower income earners who are still struggling financially because of the pandemic,” Ms Kasapidis said. “The last time the LMITO was extended, it formed part of the 2020-21 budget announcement. This time around it may become an election...

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