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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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One in two firms pins productivity aspirations on AI
Tax firms are optimistic about how artificial intelligence can be used to bring about productivity improvements despite concerns about accuracy, a recent Thomson Reuters ...
Young entrepreneurs missing in action: ASBFEO
With the Intergenerational Report due today, the ombudsman finds the small business sector faces its own demographic challenges.
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Airwallex, ApprovalMax combine to speed batch payment processing
The two software companies extend their integration to Australia following the recent partnership announcement in the UK.
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‘Workers lose $850m a year to wage theft despite FWO’
Businesses habitually underpay workers and exploit the FWO’s limited resources, according to the McKell Institute.
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Xero to unveil raft of enhancements at flagship event
Product updates featuring AI will take centre stage at Xerocon in Sydney.
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‘Architect’ of $105m Plutus Payroll scam jailed for 15 years
Son of former ATO deputy and a key co-conspirator both given lengthy terms for tax fraud.
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Federal Court dismisses ASIC’s case against liquidator
A Gold Coast liquidator has won a four-year legal battle against the regulator with the Federal Court dismissing proceedings brought against him.
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Key business metrics take decisive turn for worse: CreditorWatch
Average invoice values have plummeted and the business failure rate is predicted to rise by almost a quarter.
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Small business restructuring scheme gains momentum: BDO
Small business restructuring appointments have seen a substantial increase in 2023 after a slow initial uptake.
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File contractor payments on time or raise a red flag, ATO warns
The Tax Office says it will penalise failure to meet the TPAR deadline and use data from the system to expose the shadow economy.
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Court action ‘now ATO’s first resort for non-compliant sole traders’
Thousands of sole traders unwittingly put their family assets at risk, warns Worrells principal.
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