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  1. Reckon first-half results take a hit

    morning, Reckon posted a $39.9-million revenue for the six months to June 2018, down 6 per cent from $42.3 million recorded last year. Its net profit attributable to members came up to $5.2 million, down 5 per cent from $5.4 million last year. MYOB’s...

  2. Reckon confirms director resignation, block share trade

    director when he had a part-time role outside of Reckon,” a Reckon spokesperson told Accountants Daily. “In June last year, Chris was given a full-time role which increased his international responsibilities. As time passed it became apparent that it...

  3. Reckon announces solid growth

    Reckon achieved 10 per cent EBITDA growth last year, while total revenue cracked the $100 million mark for the first time. Revenue reached $100.8 million for the year, a 3 per cent increase from 2013. Chief executive Clive Rabie said the results...

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

  4. Reckon announces plans to demerge into 2 companies

    a proposal to demerge its document management division, allowing it to get "laser focused" on its accounting software core. Last week Reckon announced a proposal to demerge its document management division and list it on the AIM market of the London...

  5. Receipt Bank appoints new CEO

    of Circl.org, a next-generation leadership development programme for students from deprived backgrounds. “I have spent the last fifteen years at three companies which transformed global industries. The same opportunity is clearly ahead of Receipt Bank....

  6. Receipt Bank announces global rebrand

    Xavier, a tool that detects errors and anomalies in business data within accounting software, was acquired by Receipt Bank last year. Dext chief executive Adrian Blair said the new identity comes after the company added 250,000 users over the past 12...

  7. Real-time ATO, tax agent interaction tipped to escalate

    with the tax office on the very day they were incurred, as the ATO seeks to close the $8.7 billion individual tax gap. Last week, the ATO released its individual tax gap report, citing a higher number of adjustments to tax agent-prepared claims as...

  8. Real wage growth now will push rates higher, warns Lowe

    are coming down, delivery times are shortening and the disruptions to the supply chain, which had been so prevalent for the last few years are gradually being resolved and prices for many goods are no longer rising quickly,” he said. “The second thing...

  9. Real estate lobby pressures government for further tax concessions

    houses Australians already own becoming more expensive,” economist Saul Eslake said around the time of the federal budget last year.

  10. RBA’s shock rate hold set to ‘cloud’ business sentiment

    difficult to reconcile and risks undermining confidence in the Bank’s deliberations. If the data has only improved since the last meeting, the decision to pause rather than act seems out of step with the RBA’s own stated concerns. "Such inconsistency in...

  11. RBA’s rates decision ‘reduces recession risk’ for Australia

    Bank is walking a tightrope, balancing its twin objectives to fight inflation and maximise employment in the economy." "Last week’s CPI figures show two things. First, that annual core inflation is already trending down without further rate hikes and...

  12. RBA's decision to keep rates on hold 'commendable' says BDO

    uncomfortably high. “The RBA seems to favour making its moves late in the game,” Shivadekar said. “It was one of the last central banks to start hiking rates post-pandemic, and now appears likely to be among the last to begin easing. “While the RBA will...

  13. RBA, government splash $105bn in SME funding

    reduction of 100 bps on all business loans linked to the cash rate. This is in addition to a range of measures announced last week which are available for businesses facing difficulty, including waiving merchant fees, waiving redraw fees, waiving early...

  14. RBA weighs uncertainty in rate decision

    are working. The RBA has left interest rates on hold at 4.1 per cent to assess the impact of its string of rises since May last year but said uncertainty remained and “further tightening of monetary policy may be required”. “The higher interest rates...

  15. RBA unlikely to change course until next year, economists predict

    CPI readings before adjusting its course". "The central bank maintains a neutral stance, a touch more hawkish than the last one but retaining maximum optionality while closely monitoring global and economic developments," she said. Shivadekar said the...

  16. RBA surprises businesses with cash rate rise, ‘risks recession’

    mean further increases are on the horizon according to the board. The RBA has raised interest rates for the 11th time in the last 12 months up to 4.10 per cent, stating inflation is still too high, particularly on the service side. In his monetary...

  17. RBA rise ‘more likely’ after 7.8 per cent CPI result

    in the cost of new homes was welcomed by Master Builders Australia, which said it was welcome relief from record increases last year due the spiralling prices of labour and materials. New home prices rose 1.7 per cent during the December quarter against...

  18. RBA reveals March interest rate decision

    The Reserve Bank has announced its cash rate decision following its rate increase last month to start the year. The RBA has decided to increase the cash rate target by 25 basis points to 3.60 per cent, the 10th consecutive rise and highest level since...

  19. RBA reveals March cash rate call

    in the education and travel sectors. “Given the evolving situation, it is difficult to predict how large and long lasting the effect will be. Once the coronavirus is contained, the Australian economy is expected to return to an improving trend.” Today’s...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  20. RBA reveals latest cash rate decision

    are hawkish, suggesting that further rate cuts are not necessarily on the horizon. "Australian economic data since the last RBA meeting has mostly been positive, with better consumer confidence readings, a flat unemployment rate, an improvement in the...

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