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  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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,...

  6. 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...

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  11. 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...

  12. 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

  13. 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...

  14. Loss for ex-CA member in ongoing campaign against professional body

    has made a number of allegations against CA ANZ’s “controlling officers” – being all current and former directors over the last decade – including the unauthorised payment of director fees between 2015 and 2025, and the publication of financial reports...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  15. Loss carry-back sleeper issue ‘not ideal for cash flow’

    as in their own name, in a partnership or in a trust,” said NTAA chief executive Geoff Boxer in a letter to the Treasurer last month. “Furthermore, these businesses are being affected by the economic impact of COVID-19 in the same (or in a similar) way...

  16. Lose trust and it’s a long way back, says CPA Australia

    members and the public is “vital” because getting it back takes years, the head of CPA Australia has warned after a report last week that showed rising confidence in accountants but declines in regard for their professional bodies. “Once trust is lost,...

  17. Looking back and thinking forward: The insolvency landscape in 2024 and beyond

    afloat throughout the pandemic. In addition to this, major banks’ share prices have risen approximately 15 per cent in the last 6 months. Considering these factors, and the continuing effect of the 2019 Royal Commission into Banking which left...

    • Type: Article
    • Author: Trevor Withane, Ironbridge Legal
    • Category: Business

  18. Long-term planning is no longer on the agenda

    unknown meant business leaders felt long-term planning would be ineffective. “Business leaders impacted by upheaval in the last two years no longer have confidence that a long-term strategy will hold up, so they are lowering their sights to the shorter...

  19. Lodgements spike by 88% as taxpayers ignore advice

    have ignored the ATO’s calls to hold off on returns, with lodgements now 88 per cent higher than they were at the same time last year as the Tax Office’s call centre creaks under pressure. With tax time 2019 just over a week old, 810,000 individual tax...

  20. Lodgement performance may take a hit: ATO

    ability to meet deadlines. The tax office said it appreciates that the extensive digital outages, which began in December last year and spanned well into early 2017, would have impacted the ability of tax professionals to meet their clients’ obligations...

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