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  1. Australians hit with biggest income tax increase in OECD

    and has fallen from the peak of 7.8 per cent in December 2022,” the ABS said. Economists have predicted this result may lead to the RBA resuming its tightening bias to get inflation within a target range of 2–3 per cent by June.

  2. Australian SMEs struggling, performance data reveals

    economy and the industries most impacted give us insight into why this might be down compared to GDP,” he said. The lead indicator of the SME economic performance was based on over 17 million observations of 200,000 small businesses in Australia. The...

  3. Australian small businesses trail rest of APAC: CPA

    of 65 per cent, making the Australian cohort the least optimistic. According to Gavan Ord, business and investment policy lead at CPA Australia, the disparity comes down to two main factors. First, Australian businesses are technology laggards, both in...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business

  4. Australian partner appointed as mid-tier’s Asia-Pacific chair

    partner at HLB Mann Judd Perth who will be retiring after 22 years at the helm. The appointment of Mr Henderson will see him lead HLB Asia Pacific over the next three years, and be primarily responsible for implementing HLB’s strategy and growth...

  5. Australian alt-fi market growing finds big 4 firm

    raised $306.86 billion in 2016, up from $128.27 billion in 2015. Balance sheet business lending retained its position as the leading form of alternative finance by volume in Australia, jumping 80 per cent to $274.16 million in 2016. Meanwhile...

  6. Australia’s a nation of bosses: Xero

    One in six Australian workers now own their own business, with regional and female founders leading the entrepreneurial charge, a new study has found. Xero’s latest report has found that there were 2.2 million business owners in Australia in late 2019,...

  7. Australia's place in G20 at risk, warns PwC

    PwC’s Asia desk lead partner has warned that Australia will lose its place as a G20 economy if we continue to ignore the increasing economic success of Asian nations. Andrew Parker's comments follow the release of the PwC report World in 2050 which...

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

  8. Australia's 'social compact' at risk: KPMG

    higher marginal tax rates - and extremely inefficient indirect taxes,” he said “Letting the current mix just drift on will lead to economic decline, an increased drag on business, and may drive down participation rates in the economy. It ultimately has...

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

  9. Australia to adopt the CRS in 2017

    chaos, with incorrect information being disseminated. Alternatively, early adoption without appropriate systems would lead to information collected and exchanged, but left sitting in the proverbial waiting room without the ability to link it to taxpayer...

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

  10. Australia ranks second for housing market risk: IMF

    which house prices rose more during the pandemic. “In most cases, it is unlikely that an ongoing fall in house prices will lead to a financial crisis, but a sharp drop in house prices could adversely affect the economic outlook,” the IMF warned, stating...

  11. Australia overdue for productivity reform: CPA

    regarding productivity and profitability, following a dismal trend over several years. Gavan Ord, business and investment lead at CPA Australia, said that for more than a decade, the survey has told the same story: Australia’s small businesses...

  12. Australia faces ‘deep per capita recession’: Deloitte

    the previous the decade, and 2.6 per cent in the decade before the pandemic.” Deloitte Access Economics partner and report lead author Stephen Smith said the outlook was much worse after removing the effect of population growth. “A deep per capita...

  13. Australia cautioned on complacency

    the money wants to come flooding back the other way and people want to get out, there’s no road there,” he said. “This will lead to volatility in the illiquid asset class.” The Institute of Chartered Accountants' head of leadership and advocacy, Rob...

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

  14. Australia a 'soft target' for cyber-security, says Deloitte

    In a report titled Future of Financial Services, the result of an 18-month partnership between global financial services leaders, innovators and regulators, it was revealed that Australia is in the midst of a critical phase of evolution that must be...

  15. Aussies not confident using Right to Disconnect, research shows

    culture and clear policies.” “While the law sets the expectation, the real work lies with employers to formalise policies, lead by example, and empower their people. This is especially true for managers, who are often at the frontline of this issue, but...

  16. Aussie SMEs still optimistic as sales remain volatile, Xero says

    the long-term average of the XSBI series. However, despite the slowdown in sales, Australian small businesses continued to lead other markets tracked in the series, including New Zealand and the United Kingdom – demonstrating “ongoing resilience”...

  17. Aussie businesses ‘held back’ by not embracing technology, cautions CPA

    financial year, compared to 34 per cent that didn’t use AI,” it said. CPA Australia’s business investment and international lead Gavan Ord said the research highlighted the importance of new technology in business success. “Companies that embrace a...

  18. Aussie arm of NZ-based accounting firm closes

    The Australian operations of an accounting and advisory firm, which was originally led in part by one of Xero’s co-founders, has today confirmed its closure. Chief executive of RightWay, Greg Sheehan, confirmed to Accountants Daily that the firm will...

  19. Auditors set for name and shame for poor audit quality

    RCAs where it appears there may be a breach of the law; accurately record all disciplinary processes, including those that lead to no substantive action; and formalise processes for advising each other and the FRC of their disciplinary proceedings,...

  20. Auditors fear fee drops distort benefits of proposed changes

    hasn't identified that, then the auditor will have to dig further and root out everything behind it, and it could lead to changes to financial statements, changes to tax returns, which will cause more money. “I have really good clients and even they...

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