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‘Mandate cash acceptance or risk disaster’
A lobby group wants the government to follow in the footsteps of countries like Ireland and France by forcing essential retailers to accept physical tender.
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RSM revenue surges 15% on middle market demand
Latest financial results show the firm’s business is booming in Australia and globally.
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December retail turnover falls 2.7% in wake of Black Friday sales
Consumers brought forward their holiday spending to take advantage of November discounts, ABS says.
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Government told to take action on declining ATO service standards
CA ANZ has called for a review into ATO service standards and increased funding for regulators.
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PayPal undergoes AI-driven ‘revolution’
CEO Alex Chriss says the changes, including a faster checkout and personalised receipts and ads, will “shock the world”.
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Worker disconnect to ‘skyrocket’ with back-to-office mandates
A survey finds that flexibility is key to happy teams and forcing people back to the office exacerbates disengagement.
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Industry bodies push for tax system shake-up
A comprehensive review and overhaul of the system should be high on Labor’s agenda when developing the upcoming federal budget, submissions say.
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Consumers ‘taking back control’ of finances, Amex finds
An American Express survey shows over 40% of respondents have set goals for the year to pay off debts and grow savings.
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Positive outlook for M&A in 2024, says HLB Mann Judd
Merger and acquisition activity is expected to pick up this year but it is critical that vendors are well prepared, says HLB Mann Judd.
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New-look tax plan ‘objectively better’, experts say
They say the reversal of stage three tax cuts to aid lower-income earners will have positive knock-on effects for business and the economy.
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ATO to pull plug on legacy website
The Tax Office will transition fully to its modern interface at the end of the month after being in beta mode since November.
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Albanese lays out stage 3 tax cut pivot to ‘benefit all taxpayers’
The changes will affect all income groups but target relief for middle-income earners without fuelling inflation, the prime minister says.
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Government to unveil stage 3 tax cut overhaul
The prime minister is expected to detail revised earnings brackets that deliver greater benefits to low and middle-income workers.
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SME job growth fall ‘a sign of recession-to-come’
The first decline in six months points to challenges ahead for small business, says Employment Hero.
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TASA changes may ‘diminish regulatory regime’, joint bodies warn
Proposed changes to the Code of Professional Conduct are poorly drafted and will create confusion for practitioners, joint bodies caution.
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Mike Baird to join KPMG board as independent director
The firm has enlisted the help of the former NSW premier to shore up governance amid ongoing scrutiny of the sector.
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ICAEW, SAICA members lose TPB registration pathway
The English and South African professional accounting bodies voluntarily surrendered their accreditation with the regulator this month.
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Declining business conditions ‘improve inflation outlook’
NAB’s December survey shows economic growth remains on a downward trajectory, helping to ease the growth of prices and costs.
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Dwindling demand sinks growth expectations
Industry leaders forecast a bleak outlook for 2024 and are making productivity a focus to cope, Ai Group says.
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Job anxiety stokes consumer stress levels to 4-year high
Concerns about the cost of living are levelling out but other factors mean all income groups have cut back on spending, NAB says.
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