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  1. AFSA sharpens teeth as personal insolvency numbers rise

    And, addressing the Australian Restructuring Insolvency & Turnaround Association national conference on the Gold Coast last week, he called upon the profession to help stamp out “untrustworthy advisers”. “We will not accept those who harm vulnerable...

  2. Cross-border partnership creates Canadian CPA pathway

    renewed twice since, the arrangement facilitates CPA accreditation for members between Australia, New Zealand and the US. Last year, CIMA and AICPA also created an Australasian committee to increase the association’s local presence. Speaking to...

  3. Rise in listings could see ‘mild deterioration’ in housing market, says CoreLogic

    the past five months, this may be prompting more selling decisions that did not take place when the market was in decline last spring." Overall, Ms Owen said official data on mortgage stress has not seen a blow out in arrears amid the expiry of low...

  4. Kilimanjaro wins temporary reprieve on MYOB Exo margins

    from pursuing a reduced margin on its software until the outcome of a court case between the two. The Federal Court ruling last week restrains MYOB from acting for breach of contract or withholding software licences if Kilimanjaro pays MYOB 65 per cent...

  5. Mackay Goodwin appoints bankruptcy division head

    in NSW and 2,494 personal insolvencies in Australia, a 12.6 per cent national increase compared to the same period last year. ASIC reported a 9 per cent decrease in company insolvencies in June compared with May and Mr King expected an “uptick” on those...

  6. NSW leads plunge in business confidence to record lows

    confidence than other states in recent years as the mining industry has outperformed other industries.” The RBA’s decision last week to hold interest rates for a second month in a row also failed to lift consumer sentiment, which dipped 0.4 per cent...

  7. Data hacks set off alarm bells about privacy, survey finds

    controls over what information can be collected and how it is held. Data breaches affected almost one in two Australians last year and nine out of 10 now want more rights under privacy laws to delete what is being held or to pursue compensation,...

  8. Business growth ‘resilient’ despite economic headwinds: COSBOA

    Consumer Price Index (CPI) as a proxy for prices, sales volume rose 6.02 per cent. This is a change of +4.97 per cent since last quarter’s report,” the report said. Small to medium business sales rose 2.29 per cent, according to the report. “Small to...

  9. Most taxpayers ‘in the dark’ about their return result

    supplied to Accountants Daily, showed the average refund for returns processed during July was down by $438 compared with last year to $2,331. However, taxpayers using an agent got a substantially better result with an average return of $2,669 against...

  10. Carbon Group adds Harding Martin to Qld offices

    The boutique firm becomes the group’s fourth office in the Sunshine State following growth last year in South Australia. Ipswich-based Harding Martin has joined the Carbon Group to become its fourth office in Queensland and 17th nationally. The group...

  11. Average ATO refund tumbles $430 compared to last July

    is already down by $1.7 billion. The average refund for early tax return lodgers has dropped by more than $430 compared with last year and the total amount issued has fallen by $1.7 billion, according to ATO statistics for the first month of FY23-24....

  12. Deloitte acquires cyber security specialist ParaFlare

    also increasing in frequency and cost with the number of complex ransomware attacks up by more than 300 per cent over the last five years. “This new partnership will allow us to offer highly individualised and modular solutions that are cloud-based,...

  13. RBA delivers welcome pause but raises fears of another rise

    time. She said business-to-business trade payment defaults are at record levels and around 50 per cent higher than this time last year. “This means a record number of late payment defaults were lodged by one business against another, highlighting just...

  14. FWO forces big business to hand back $500m in unpaid wages

    and promote compliance through education. The FWO forced big business to hand back more than $500 million in unpaid wages last year by putting corporations and universities at the top of its hit list. Over a quarter of a million workers received back...

  15. Government contracts ‘in crowd’ keeps small business in dark

    failed. Mr Billson said ASBFEO is conducting an inquiry into the impact of changes to the procurement process introduced last July. “Since beginning the inquiry in March, many small businesses have told us they feel shut out of the process or they...

  16. RBA weighs uncertainty in rate decision

    are working. The RBA has left interest rates on hold at 4.1 per cent to assess the impact of its string of rises since May last year but said uncertainty remained and “further tightening of monetary policy may be required”. “The higher interest rates...

  17. Accountants ‘ill prepared’ for tighter client ID regime

    an add-on to its payment system Collect for about 12 months following recommendations about AML compliance made by the TPB last year. FeeSynergy managing director Malcolm Ebb said many of its 500 accounting clients, which takes in mid-tier firms across...

  18. Falling inflation, retail trades point to August rate pause

    ease later in the year. “Forward looking job vacancy data suggests there are far fewer jobs available now that this time last year, however, still more jobs than were available pre-COVID,” she said. AMP chief economist Shane Oliver said the RBA decision...

  19. Dmca advisory acquires Willoughbys Financial as founders plan for retirement

    its leadership team with Alison Stanbridge, Ricardo Neves and Mark Gellert stepping up to associate director roles in July last year, and it will offer an employee share scheme. Ms Tonkin said the team would increase further this year but the firm is...

  20. ATO to triple credit referrals in ‘stronger actions’ on debt

    a better tax result from small business were named as two of the top priorities in the ATO’s 2023-24 corporate plan released last week. Presenting the corporate plan to staff, Commissioner Chris Jordan said it was “the final chapter of our Towards 2024...

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