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  1. Business owners put cyber security novices in front line

    few years, emerging from COVID, navigating global supply chain issues and for some the impacts of natural disasters, the last thing they need is a cyber attack or scam to contend with.”

  2. Business owners are seeking exits without a plan, survey finds

    process.” The report found that two-thirds of business owners have not had their business independently valued in the last three years, and 20 per cent of business owners who wanted to sell did not know who their likely buyer would be. “A lack of...

  3. Business insolvencies set to rise as court actions jump 58%

    it shakes off the impacts of the pandemic. Among the dire results were court actions jumping a massive 58 per cent over the last quarter compared to the corresponding period last year, which is a return to pre-COVID levels and a strong indication that...

  4. Business growth ‘resilient’ despite economic headwinds: COSBOA

    Consumer Price Index (CPI) as a proxy for prices, sales volume rose 6.02 per cent. This is a change of +4.97 per cent since last quarter’s report,” the report said. Small to medium business sales rose 2.29 per cent, according to the report. “Small to...

  5. Business equipment spending surged in May: CBA

    Australian business investment in equipment and machinery was up by 21 per cent in May, compared with the same period last year. The Commonwealth Bank of Australia (CBA) on Thursday released new data showing marked asset finance growth for the month of...

  6. Business email scams rise 57% year-on-year

    The number of small businesses being hit with email scams has increased 57 per cent over the last year, new research has found. According to Westpac data released this week, customers have lost an average of $4.4 million in total each month due to...

  7. Business e-invoicing move ‘step in right direction’

    The government’s move towards business e-invoicing has been commended by those in the profession. Late last week, the Morrison government released new proposals on the development of the Business eInvoicing Right (BER). The development of the BER would...

  8. Business confidence plummets, two-thirds gloomy about 2024

    cent of enterprises were concerned that the economy was heading for “bad times” in 2024 while 61 per cent expected that to last five years. Roy Morgan’s Business Confidence index, which dropped 4.6 points to 85.8 in November, has now spent a record 10...

  9. Business confidence hits 7-year high

    business confidence for April has reached a seven-year high, up by 62.9 per cent to 125.3 points from 48.4 points in April last year, according to new figures from Roy Morgan. Business confidence is 11.6 points above the long-term average of 113.7...

  10. Business confidence ‘largely positive’ despite concerns

    from 170 Australian and New Zealand companies, 77 per cent viewed the global economy as growing, down from 83 per cent last year. “I would describe these economic outlook results as muted, as opposed to executives planning for a downturn,” said EY...

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

  11. Business conditions surge to record high in March: NAB

    the rebound phase in activity with the earlier removal of pandemic-related restrictions. “Overall, the recovery over the last year has been much more rapid than anyone could have forecast.” March also saw business confidence fall by 3 index points to 15...

  12. Business conditions down but confidence up

    better but still soft, profits weaker,” he added. Despite the marginal improvement in confidence, the trend remains down on last year’s highs, with no signs of an immediate reversal. Soft forward orders and headwinds from business investment and a soft...

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

  13. Business closures ‘inevitable’ as defaults rise

    the death knell for businesses. New data from CreditorWatch has revealed that business defaults increased by 20 per cent last month, averaging a 10 per cent increase over the last three months. While defaults only rose by 0.6 per cent compared to August...

  14. Business $10k cash limit bill progresses

    was passed by the House of Representatives. The Currency (Restrictions on the Use of Cash) Bill 2019 passed the lower house last week and has since been referred to the Senate Economics Legislation Committee for further inquiry. The proposed measure...

  15. Bumper tax refund year sparks early lodgement warning

    attempts to warn taxpayers against lodging early have fallen on deaf ears, with the ATO recording its biggest 1 July ever last year with 740,000 lodgements on the day, leading to a failure of its online systems. This year, the ATO will only begin full...

  16. Bumper part 2: what to look out for in 2026

    anti-money laundering and counter-terrorism financing (AML/CTF) obligations for accountants starting 1 July 2026. Late last year, the ATO signalled it would be toughening its stance on unpaid taxes and superannuation, increasing the number of director...

  17. Bulk ABN cancellations set to continue

    with no other indications they may be in business. “We have also been working to address some of the concerns that surfaced last year about the way we cancel ABNs, particularly in cases where we think a business has wrongly classified their workers as...

  18. Building the next wave of leaders in the accounting profession

    so that mentoring has extended into management and making partner.” Smit says she’s seen a shift in the industry over the last decade, where the accounting profession is now more supportive of up-and-coming accounting professionals who are taking the...

  19. Budget: the tax profession delivers its verdict

    30 June 23. That’s where companies can, if they make current year losses, claim them against other income years over the last three years.” “I think it’s a useful one to support business. H&R Block director of tax communications Mark Chapman said most...

  20. Budget: The should-have-beens

    Institute, which said the lack of any measures “to address the unreasonable cost of childcare were a missed opportunity in last night’s Budget”. It said recent analysis revealed substantial financial disincentives for a family’s secondary earner to...

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