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  1. Insolvencies set to spike

    a fall of 21.1 per cent in companies entering formal insolvency appointments in the first quarter of 2014 compared to the last quarter of 2013. Neil Cribb, national head turnaround and insolvency group at RSM Bird Cameron said the firm does not believe...

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

  2. Insolvencies plateau but tariff risks loom, CreditorWatch warns

    their customers’ demand weakened. Hopefully the recent interest rate cuts by the RBA can build on the beneficial effects of last year’s income tax cuts and cost-of living support.” While inflation has returned to the RBA’s 2–3 per cent target bands,...

  3. Insolvencies enter ‘unchartered waters’ during holiday break

    of whether Australia goes into a recession, the economic conditions and revival of ATO debt collection would be the last straw for many SMEs. “We’re likely to continue to see an increase in corporate and personal insolvencies in coming months,” he said...

  4. Insolvencies and court action leap in July: CreditorWatch

    The bureau’s July Business Risk Index showed administrations rose 46 per cent and court actions 54 per cent compared with last year, as supply chain issues, declining consumer confidence, rising interest rates, inflation, and labour shortages combined...

  5. Insolvencies ‘off to fast start’ after post-pandemic record in 2023

    Less forgiving creditors and a focus on tax debt mean last year’s rising trend looks set to continue, Jirsch Sutherland says. Insolvencies soared above their pre-pandemic peak last year to 9,159 and 2024 has begun with a “bang” as wind-up inquiries...

  6. Inquiry report identifies lack of ‘genuine change’ by PwC

    The latest report, PwC: The Cover-up Worsens the Crime, follows an earlier report released by the Senate Committee in June last year. In its findings within the report, the committee said the current PwC leadership has recognised the need for change...

  7. Innovation in the accounting sector

    I was at the Australian Accounting Awards wearing a suit (a much scarier costume). Those that know me, will know that last time I wore a suit was at the AIM Awards in November 2014, when the event organisers insisted I wear one. The time before that was...

  8. Inheritance tax could address questions of financial inequality: The Tax Institute

    against younger Australians being able to get a fair financial start is redressed, says one tax expert. The Tax Institute last week published a 287-page report called the Case for Change, which identifies the elements of the Australian tax mix that are...

  9. Inflation will force a third of businesses to raise prices

    experienced increases in their operating expenses over the previous month compared to just 22 per cent in the same month last year, and the highest level since the survey question was first asked in July 2020. More than a third of businesses expect...

  10. Inflation spike 'will skewer small business'

    like to see a little bit of groundwork behind that because you know, the anecdotal stories of a new business: 50 per cent last less than 12 months, 75 per cent last less than two years,” said Mr Addison. “So I’m really impressed and hopeful that that...

  11. Inflation slows to lowest level in more than a year

    services. ABS head of prices statistics Michelle Marquardt said the 5.6 per cent annual rise was the smallest since April last year. “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent...

  12. Inflation slips to lowest annual figure since last February

    prices statistics Michelle Marquardt said inflation continued to ease from 5.4 per cent in June and its peak of 8.4 per cent last December. Slowing the inflation rate in July increase were price falls for automotive fuel (-7.6 per cent) and fruit and...

  13. Inflation result spells uncertainty for business

    would need to factor in increased input costs for clients but also a big dose of uncertainty about how long inflation would last. Gavan Ord, senior manager, business and investment policy at CPA Australia, said the result showed we were going down the...

  14. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. She said excluding volatile...

  15. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. Ms Marquardt said excluding...

  16. Inflation has peaked but further rate rises on the cards: RBA

    “The decision is the tenth consecutive increase since May 2022 and comes after national accounts and CPI data released last week revealed that both economic growth and inflation have slowed faster than expected, making the wisdom of this decision hard...

  17. Inflation erodes employee confidence, but bosses upbeat

    may be more confident that better times lie ahead.” Overall, only 72 per cent of workers felt the same this year compared to last while 89 per cent of employers believed business conditions were on the up. Employers cited increased financial resources...

  18. Inflation cools in wake of rent, energy subsidies

    Changes to housing, food, non-alcoholic beverages and transport prices meant inflation slowed down to 4.9 per cent last month. Inflation eased to 4.9 per cent over the year to October from 5.6 per cent as Commonwealth rent assistance and electricity...

  19. Industry, small business urge FWC to dial back minimum wage rise

    The ACTU’s 7 per cent claim is “reckless”, says one industry group, with high inflation and a slowdown in GDP growth. Both small business and employer associations are urging the Fair Work Commission to dial back union demands for a 7 per cent increase...

  20. Industry sees spike in firm sales

    level” there are more buyers than sellers in the market at the moment. He attributes this trend, which has spiked in the last five years, to accounting firms in particular struggling to master organic growth. “They’ve been growing by acquisition for...

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