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1 in 3 suffer financial stress, cut spending across the board
More people are cutting spending and renegotiating bills than during the height of the pandemic, ANU survey finds.
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Late payments drive business adoption of e-invoicing
Digital systems are seen as the answer despite concerns over scams and fraud, according to research from Stripe.
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Bank lending to small business leaps 28% in FY2022–23
Total outstanding credit reaches almost $600bn with loans to small business up by one-third, the ABA says.
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Perth man jailed, ordered to repay $110k in fraudulent GST refunds
Many of the thousands being pursued for bogus GST claims will be in debt to the ATO for years, police warn.
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Inflation slips to lowest annual figure since last February
UPDATED: ABS data shows CPI on steady downward trend helped by falls in petrol and vegetable prices.
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PKF elevates 2 to partner level for ‘dedication, proficiency’
The Sydney and Newcastle operation promotes a total of 26 staff as part of its commitment to nurturing talent.
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Local pullback on AI stalls take-up in Asia-Pacific
Fewer Australian and New Zealand businesses using AI offset increasing rates of adoption in Asia, a CPA Australia survey finds.
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Planday targets rapid expansion of award coverage
Hospitality cover, just announced, will soon be followed by other sectors from automotive to hair and beauty, the software supplier says.
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How a wobbly drinks brand dodged last orders
Non-alcoholic beverages company Sans Drinks has become an object lesson in the benefits of voluntary administration, says Jirsch Sutherland.
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Carbon Group expands in Sydney with Numeric Eight takeover
The bookkeeping and accounts management operation becomes the latest in a string of acquisitions for the Perth-based outfit.
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Text messages become the scammer’s weapon of choice
Bogus investments aimed at older people reap the most rewards in a “golden era” for fraudsters, BDO finds.
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Record 1.5m at-risk mortgage-holders await RBA move
After a dozen rate rises more than 640,000 have joined the ranks of stressed homeowners, the latest Roy Morgan data reveals.
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Business registers ‘unfit for purpose without reform’
CPA Australia says the decision to bin the Modernising Business Registers Program leaves Australia trailing global best practice.
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Failed company directors ‘more likely to run risky personal debt’
Dodgy consumer credit behaviour is a reliable indicator of poor business acumen, research finds.
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With an outsourced CFO function, one size fits all
Businesses from fast-growing tech start-ups to multinationals spreading their wings increasingly turn to external finance teams, says Grant Thornton specialist.
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Structural changes to erode Australia’s tax base: IGR
Structural changes to the economy will change the composition of Australia’s tax base and place pressure on revenue, the Intergenerational Report warns.
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‘Accounting AI will always need human oversight’
Accountants seeking to implement AI need to be wary of its limitations, two experts say.
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Poor image, talent mismanagement stunt profession: Xero chief
Xero Australia boss Will Buckley says accountants should focus on more than just numbers to combat negative stereotypes.
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Ignition secures $US15m loan facility to speed US expansion
The professional services software specialist will develop its platform to make the most of runaway growth in North America.
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NSW pauses payroll tax audits to consult with GPs
Penalties and interest will also be suspended for 12 months while the government and professional bodies work on a solution, the finance minister says.
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