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  1. How demise of peak indebtedness rule resets clawback amounts

    In Badenoch, the High Court confirmed that the so-called “peak indebtedness rule”, a feature of insolvency law for the last 60 years which benefited liquidators, can no longer be used to calculate the quantum of an unfair preference claim. This is...

  2. How decentralised finance has become a feast for hackers

    up a diminishing share of total use over time. This sort of progress can be seen in the cryptocurrency industry. Over the last three years, illicit activity has declined to be 0.15 per cent of transactions in 2021 – a significant decrease from 3.37 per...

  3. How data hoarding magnifies the risk of a hack

    need to reassess how they manage data. Far from being a one-off, the hack follows a string of high-profile data breaches last year which collectively pushed cyber security, data privacy and secure information management higher up the business and...

  4. How can you help your food and hospitality business clients?

    a lot of those seem to be less favourable than they used to be. For example the Smooth FM festival of chocolate at Homebush- Last year it was a tremendous success for every food vendor that went but this year they moved it to Homebush and it was a...

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

  5. How can we support accountants in 2025?

    in the accounting industry. Boyar shares his passionate views about the disadvantages accountants have faced over the last year, and how these will likely persist into 2025. Touching on aspects from policy reform and rapidly changing obligations to...

  6. How can SMEs fund import/export opportunities delivered by a free trade economy?

    opportunities in import and export. Not all SMEs are aware of these funding options, which I've outlined below. In December last year the Department of Foreign Affairs and Trade (DFAT) released the 50th annual edition of “Australia’s Composition of...

  7. How can SMBs use IT more strategically?

    about the information you need for your business; the second part is about considering fresh technology options; and the last part is about making it happen. 1. How to think more strategically about your business information Most businesses are awash in...

  8. How Aussie business spending patterns changed during the pandemic

    at spending patterns of over a million customers around the world to determine the health and habits of firms during the last 18 months to see how they responded to the pandemic. Included in this study is the Australia Business Spending Report that...

  9. How auditors can leverage the technological evolution to their advantage: ISACA

    what organisational structures should be in place in order to protect the organisation while utilising this technology. The last domain talks about audit techniques, and that's really exciting, because it actually talks about how auditors can use this...

  10. How artificial intelligence is transforming the healthcare industry

    being displaced by them. Roy believes even if full automation becomes possible in the future, healthcare will be one of the last industries where it will be embraced. “Diagnostic imaging technology exists right now that will identify tumours earlier and...

    • Type: Article
    • Author: Macquarie
    • Category: Business

  11. How APS helped Bentleys SA reap the rewards of data

    – and in particular, the increasing role that data will play. “Technology has changed the landscape immensely over the last few years. I remember first using paper ledger books, then going to Excel spreadsheets, and then going through on-premise...

  12. How AI opens the doors of automation

    works in the background – it’s now working right in front of the end user. San Francisco-based OpenAI only released ChatGPT last November, but already by January this year 13 million unique users were using the bot. OpenAI has already released an update...

  13. How accountants can respond to higher interest rates

    The new spike in the cash rate has reinforced the need for accounting professionals to review their mortgage positions. Last week, the Reserve Bank lifted the cash rate for the first time in over two years. In a statement issued following the decision,...

  14. How accountants can proactively help clients avoid insolvency risks

    Doraisamy spoke to Patrick Coghlan, co-founder and chief executive of CreditorWatch, about how accountants are often the last line of defence for SMEs, and how they can intervene earlier by identifying warning signs to better support clients. In the...

    • Type: Article
    • Author: Matthew Taylor
    • Category: Business

  15. How accountants can help owners build businesses that investors want to buy into

    shift focus from what happened to what’s possible Most owner–accountant conversations still revolve around what happened last year. Necessary? Yes! But not enough when valuation depends almost entirely on the future. I’ve found that once owners can see...

  16. How accountants beat the polls this federal election

    before the election, most major national polls had Labor ahead 51-49 on the two-party preferred vote. However, since March last year, when shadow treasurer Chris Bowen announced contentious changes to the franking credits system, accountants have been...

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

  17. How accountants are adapting to remote working

    Mr Munro said. “We’ve found that it has been something that recently has been very well taken up, and with COVID-19 to last, I suppose, two months… tools like Zoom [have] been working beautifully.” He believes firms that are struggling to adopt new...

  18. How a wobbly drinks brand dodged last orders

    has a second lease on life after being sold to online retailer Just Wines. Creditors agreed to a deed of company arrangement last week which will mean secured creditors and employees get paid in full while unsecured creditors receive about 48c in the...

  19. Households face highest tax levels in 2 decades, analysis shows

    according to the Centre of Independent Studies. Up to 45 per cent of household income is going towards paying taxes, and the last time tax levels were so high was 23 years ago in 2001, according to an analysis by The Centre of Independent Studies. The...

  20. Hotelier’s $11m tax fight fails as court confirms ‘all or nothing’ stance

    tax bill after the Federal Court confirmed the “all or nothing” approach to challenging ATO assessments. The Federal Court last week rejected arguments by taxpayer Peter Wang that the AAT was wrong to require him to prove that the full amount of the...

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