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  1. CBA finds drop in growth for accountants’ business advisory services

    their service offerings next financial year. The net confidence rating is now 51 per cent, up from 33 per cent this time last year. Further, about 59 per cent of those surveyed are forecasting a jump in revenue and profit for the next year. About 11 per...

  2. Caution advised on best interests duty with cryptocurrencies

    characteristics similar to bitcoin are an asset for capital gains tax (CGT) purposes. The ATO issued confirmation of this last year. Accountants with SMSF clients who are looking to invest in cryptocurrencies should also be certain the fund is permitted...

  3. Catch-up contributions reignite attraction of TTRs

    and in 2020 it’s already up to $40,000 because they get the $25,000 standard cap plus the $15,000 unused amount from last year.” Mr Day said allowing for five years’ worth of unused contributions to be carried forward, it was common for high-income...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super

  4. Casual Christmas jobs give way to permanent positions: Seek

    record lows as the supply of workers began to dwindle. The growth was driven by the end of the first Omnicron wave, the last of the pandemic lockdowns and declining unemployment rates. Job ads are now 13.5 per cent lower than they were at their peak yet...

  5. Cash-flow boost amendments, instant asset write-off extension tabled

    $150,000 instant asset write-off threshold for a further six months until 31 December 2020, as announced by the government last week. The extension will allow businesses with an aggregated turnover of less than $500 million to claim an immediate...

  6. Cash flow woes still troubling 3 out of 4 businesses

    country’s 2.29 million SMEs, with 14 of the 16 business pressures measured by the MYOB Business Monitor increasing in the last six months,” Ms Fawcett said. “This demonstrates that as COVID-19 pressure subsides, other business pressures increase.”

  7. Cash flow issues hitting SMEs

    that businesses were forced to wait an average of 56 days for payment in the first quarter of 2014, compared with 53 in the last quarter of 2013. Scottish Pacific chief executive Peter Langham said delayed payments can inhibit the ability of SMEs to...

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

  8. Cash flow concerns a nightmare for Aussie SMEs: NAB

    seeing more sales. The sales from Black Friday and Cyber Monday this year were also 4 per cent higher than the same period last year. NAB business direct and small business executive, Krissie Jones, said the latest economic data echoed what she had been...

  9. Cash flow boost returns: New hope for NSW businesses

    said the new payments were modelled on the cash flow boost measure that was introduced at the start of the COVID-19 pandemic last year but will be jointly funded between the Commonwealth and New South Wales. “What we’ve learnt during the pandemic is you...

  10. Cash crackdown justified, but give biz a break, says IPA

    in recent times, with a number of measures announced following a raft of recommendations by the black economy taskforce last year. Most recently, legislation to extend the taxable payments reporting system (TPRS) to the cleaning and courier industries...

  11. Cash courier with hidden $3.6m jailed for 4 years

    tool bags and a cupboard drawer. The bundled cash was in heat-sealed wrapping and police found similar empty wrapping and plastic gloves in his rubbish bin. Police seized two mobile phones from the man, one of them encrypted, but he refused to provide...

  12. CAs flagged in ATO’s auditor crackdown

    at the same event, EY’s executive director for financial services Matina Moffitt discussed findings from ATO surveillance last year, which suggest auditor independence breaches remain prevalent. The ATO focused on 360 auditors who were identified as...

  13. Careful with those crypto losses, Tax Office warns

    of Australians had got involved with digital currencies during the pandemic and as a result the ATO had focused on crypto last year. “Nearly 800,000 people have invested in crypto just in the last few years, and last year alone, 300,000 people were...

  14. Careful with that banking app!

    for cyber criminals, particularly in Australia: two-thirds of Australians now use banking apps to manage their finances and last year this overtook internet banking as the most popular method for the first time. It’s no coincidence, then, that online...

  15. Carbon quadruples Queensland presence with latest deal

    will see all 33 members of its team joining Carbon. The deal comes after Carbon first moved into the Queensland market late last year with a merger with Thrive Advisors in Darra, Brisbane. Charter Partners managing principal Anthony McPhee said the...

  16. Carbon pushes on with 16th merger

    will complement the existing Carbon team in Adelaide, whose office is located in Gawler, following a merger back in May last year. Carbon Group is currently represented in four states — NSW, WA, SA and VIC — with the network planning to establish a...

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

  17. Carbon offsets in the spotlight amid greenwashing litigation

    to directly reduce their emissions,” the spokesperson said. The formal hearing began on Thursday and is expected to last two weeks. Denniss added: “Promoting big polluters as climate leaders punishes companies with legitimate climate ambition and...

  18. Carbon launches Melbourne accounting offering

    Igor Hnatko will join Carbon Group as a partner and team up with Allison Gardiner, who has led the Melbourne team over the last couple of years. “In my view, the key to help my existing clients and future clients supercharge their growth and benefit...

  19. Carbon Group merges with another accounting, bookkeeping firm

    Carbon Group has merged with a boutique accounting and bookkeeping firm, marking its ninth M&A in the last three years. Carbon Group co-founder, Jamie Davison, told Accountants Daily that clients have now been notified about the merger with Perth-based...

  20. Carbon Group expands in WA

    also based in Perth. The network has been on an aggressive growth streak since it launched in 2014, and has committed the last three years to establishing “hubs” in states across the country, after locking in more than 13 mergers and acquisitions in its...

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