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  1. Interest in super surges across Gen Z, Millennials

    The Super Projection Calculator also recorded a surge in usage, with Millennial engagement up by 316 per cent over the last five years. Hancock said Gen Z was the fastest-growing group using superannuation tools, with engagement nearly seven times...

  2. Intangible risks demand business resilience

    risk and reputational risk mean both accounting firms and their clients need to develop robust crisis management processes. Last week, BDO released the results of its Global Risk Landscape 2017 Survey in a report revealing that cyber risk is the main...

  3. Institutional, big 4 exec hires mark service line boosts for Grant Thornton

    its advisory operations, marked with a merger with Victorian-based consulting group GNC Group Consulting in September last year.

  4. Instant asset write-off the latest ‘political football’, says NTAA

    pending legislation relating to these key depreciation concessions for small businesses, a measure first announced in May last year. Other tax professionals have similarly labelled the situation “absurd” and are concerned the latest instant asset...

  5. Instant asset write-off measure for 2024–25 introduced into Parliament

    political parties in disagreement over what the measure should be set at and what businesses should be able to use it. Last month the the Assistant Treasurer moved that the House insist on disagreeing with amendments insisted on by the Senate. The House...

  6. Instant asset write-off crucial for SMEs, says ACCI

    write-off budget measure in this fortnight's sitting. The business network noted the measure was originally announced in last year’s budget for the 2024–25 financial year before it was withdrawn from the Senate without warning. ACCI CEO Andrew McKellar...

  7. Inspector-General of Taxation welcomes grant of additional powers

    of Taxation and Tax Ombudsman has been granted new powers as part of the government’s response to the Robodebt scheme. Last Wednesday, the government granted the Inspector-General of Taxation and Tax Ombudsman (IGTO) new powers in response to the Royal...

  8. Inspector-General knocks ATO boss’ tax agent blasting

    has risked further damaging a fragile working relationship with the profession. At the Tax Institute’s National Convention last month, Mr Jordan took another swipe at tax agents in the context of its work-related expenses crackdown, saying the results...

  9. Insolvent financial firms put $692m of claims in limbo, AFCA reveals

    The compensation scheme of last resort will be crucial for almost 5,000 complaints on hold due to company wind-ups. More than $692 million is being pursued in almost 5,000 open cases involving insolvent companies before the AFCA, the financial...

  10. Insolvency spike presents opportunity for accountants

    An increase in personal insolvencies over the last quarter offers a chance for accountants to bolster their service offerings to new and existing clients, according to a solvency and forensic accounting firm. Last week the Australian Financial Security...

  11. Insolvency practices set to undergo ombudsman inquiry

    Enterprise Ombudsman (ASBFEO), suggested that scrutiny of the sector is long overdue, and should have been done as part of last year’s banking royal commission. “Unfortunately, the banking royal commission wasn’t asked to look at the role of insolvency...

  12. Insolvency law reforms tipped to impact business contracts

    reforms” to insolvency rules, with a legal firm warning the impacts on new business contracts will be far-reaching. Last September, Financial Services Minister Kelly O’Dwyer flagged a softening of insolvency rules in a bid to reduce the number of...

  13. Insolvency has a gender problem, says Jirsch’s first female trustee

    Bankruptcy Act mandates trustee applicants show at least 4,000 hours of employment at a senior level in insolvency in the last five years – a requirement that Mos fell short of by “a few hundred hours”. While AFSA’s registration committee has the...

  14. Insolvency firm branches out into corporate advice

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

  15. Insolvency drought about to break

    towards normalisation – although there’s still some way to go,” said Insolvency Australia director Gareth Gammon. “The last couple of years has been one of limbo for our sector (although others might have a stronger term to describe it) – but various...

  16. Insolvency comparison site launched

    for the terms insolvency and bankruptcy in Australia have increased significantly since the pandemic was declared in March last year,” he said. “There have been various peaks [in search volume] — including around the end of last and start of this...

  17. Insolvency body welcomes ‘overdue’ review of bankruptcy laws

    cost and complexity, says ARITA. Insolvency specialists have welcomed a review of insolvency and bankruptcy laws announced last week by senator Deb O'Neill, chair of the parliamentary joint committee on corporations and financial services. The...

  18. Insolvency Australia sets up helpline for distressed businesses

    ASIC shows 2,494 companies went insolvent over the first three months of FY24, a 22 per cent increase on the same period last year. That figure includes almost 300 food and accommodation businesses and almost 900 construction companies, with...

  19. Insolvency ‘tsunami’ will wipe out 10,000-plus companies

    SBR process offered a return of 5¢ to 10¢ on the dollar and worked for both sides. But he warned the opportunity would not last forever. “There was nothing written into the SBR process that sets a settlement rate with the office, and the ATO will...

  20. Insolvencies spike by 61% in February

    External administrations surged by 61 per cent over the last month, sparking fears that more companies will collapse once JobKeeper expires at the end of the month. The latest data from CreditorWatch has revealed a jump from 254 external...

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