Business

Family businesses ‘fret over cash flow, but optimistic for growth’

The economy determines the number one challenge facing family businesses, a Grant Thornton survey finds, closely...

19 September 2023 • By Philip King

more from tag

Tax

Professional profits guidance a ‘blunt tool’ for assessing risk

Arrangements that fail to satisfy a gateway or fall into the higher risk zone under PCG 2021/4 may increase audit risk...

18 September 2023 • By Philip King

Technology

Vincents targets advice specialty at Qld start-ups

The brainchild of an undergrad accountant, the initiative will offer an “all-encompassing” advisory service to...

18 September 2023 • By Christine Chen

Tax

‘Depleted savings, credit card debt leave economy on last legs’

Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming...

15 September 2023 • By Philip King

Appointments

Stop underselling. Start running a more profitable firm. [CPD Webinar with...

Our #CallForChange movement is here!

15 September 2023 • By Ignition

Tax

$20k instant asset write-off to get 1-year extension

The amendment will hold off the threshold reverting to $1,000 until June 30 next year.

15 September 2023 • By Christine Chen

Super

Unusual investments driving SMSF audit delays, compliance risks

An increase in complex and related-party investments by SMSFs is slowing down the audit process and increasing the...

15 September 2023 • By Philip King

Technology

ATO, myGovID, banks, telecoms to rely more on facial recognition

Identity verification laws introduced this week will allow data matching systems to be developed by the...

15 September 2023 • By Philip King

Technology

How tax time highlights the need to jettison tradition

Accountants face their own productivity slump during the busiest time of year without the help of digitised systems.

15 September 2023 • By David Fitzgerald

Tax

Qld retreats from payroll tax on medical centre GPs

Treasurer promises ruling next week to confirm patient-to-GP payments will avoid the levy.

15 September 2023 • By Philip King

Regulation

Why accountants must be alert to shady green claims

Businesses increasingly market themselves as environmentally sound, but accountants must be aware of the risks and...

15 September 2023 • By Trevor Withane

Business

Business activity hits 7-year low, key indicators tumble

The latest data from CreditorWatch predicts rising insolvency rates over the next year, with food and beverage...

14 September 2023 • By Philip King

Appointments

CA ANZ pushes Canberra to address ‘critical accountant shortage’

The government must prioritise funding for accounting and finance courses with recent data indicating that accountant...

14 September 2023 • By Philip King

Tax

ATO interest charges soar to highest level since GFC

The general and shortfall rates for late tax payments rise for the eighth quarter in a row.

14 September 2023 • By Philip King

Business

Perks private wealth operation teams up with Frontier Advisors

The agreement will deliver “institutional grade” investment research to the firm’s clients.

14 September 2023 • By Philip King

Regulation

BDO audit partner banned until 2024 after botched financial report

The mid-tier firm says it will “fully support” its long-time partner after he failed to obtain reasonable assurance a...

13 September 2023 • By Christine Chen

Business

Tassie firm aspires to become the ‘Xero of carbon accounting’

Software start-up Sumday is helping accountants from suburban practices to big four firms grapple with tallying their...

13 September 2023 • By Christine Chen

Tax

Division 7A loans a looming crisis, accountants warned

Accountants must proactively address their clients’ Division 7A loans with the interest rate jumping 73 per cent this...

13 September 2023 • By Miranda Brownlee