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  1. Celebrating Australia’s Hidden Heroes

    Did you know that advisors have helped small businesses derive over $45.3 billion dollars in value over the last 12 months? Learn more about small business perceptions of advisors in the Intuit QuickBooks Advocating for Advisors whitepaper. Tax time is...

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Business
  2. Financial adviser pleads guilty to creating false documents, forging signatures

    count of making false documents and one count of using false documents under the Crimes Act in the Parramatta Local Court last week. An ASIC investigation found that during his time as a director of Nexus Financial Planning, a financial planning...

  3. Cash flow boost returns: New hope for NSW businesses

    said the new payments were modelled on the cash flow boost measure that was introduced at the start of the COVID-19 pandemic last year but will be jointly funded between the Commonwealth and New South Wales. “What we’ve learnt during the pandemic is you...

  4. Why Digital Marketing Is Your Best Defence Against Economic Uncertainty

    COVID-19 pandemic has been undeniably bad for business. International trade has been near impossible for the bulk of this last year, and job scarcities across the globe have limited consumer spending. That being said, the tumult of 2020 seems to have...

  5. Remote access scams jump by 184%: ACCC

    The increase in such scams has resulted in more than $7.2 million being stolen this year, a 184 per cent increase from last year. Almost 6,500 individuals have now reported such scams, which see scammers attempt to convince victims to download software...

  6. Sydney and Melbourne CBDs brace for 4-year economic recovery: Deloitte

    billion until the second half of 2024. “The economic toll of the pandemic on Melbourne occurred not just in 2020, but has lasted as restrictions ease in 2021, with the city having far more economic ground to recover than other capital cities,” the...

  7. Further NSW business support ‘imminent’

    to businesses is the state’s $10,000 business support package, announced by NSW treasurer, Dominic Perrottet, in the last week of June. The support package will see small businesses with fewer than 20 full-time employees, and payrolls up to $1.2 million...

  8. SMSF firm forks out $7.2m to resolve ASIC court proceedings

    alleged failures to act in the best interest of clients when providing investment advice to SMSF clients back in September last year. This action relates to financial advice given to eight sample clients, who were advised to invest in the US Masters...

    • Type: Article
    • Author: Reporter
    • Category: Super
  9. FASEA relaxes 3-month exam requirement

    all financial advisers who have yet to pass the exam the option to sit the November exam irrespective of the timing of their last sitting. Financial advisers were previously only allowed to register for the next exam sitting three months after their...

  10. ATO’s generosity won’t last forever

    a deep dive into those figures and found that since the ATO suspended its normal collection strategy in around April last year, Australian businesses owe the ATO more than ever. Between 1 July 2020 and 31 March 2021, only six bankruptcies and three...

    • Type: Article
    • Author: Hayden Asper, Jirsch Sutherland
    • Category: Regulation
  11. Carbon Group announces partnership with Perth-based firm

    group’s move to bolster its footing in its home state of Western Australia follows swarming moves into other states over the last two years. Most recently, the group quadrupled its foothold in Queensland, after merging with Charter Partners, and...

  12. 170,000 taxpayers rush to lodge on 1 July

    lodgements were received on 1 July, just under a quarter of the 740,000 lodgements it received in its “biggest 1 July ever” last year. Discounting the unique circumstances that led to a surge in 2020, this year’s figures are still an increase from the...

  13. AFCA receives more than 70,000 financial complaints for 2020–21

    More than 70,000 financial complaints were received over the last 12 months, down by 12 per cent compared with the 2019–20 financial year. The Australian Financial Complaints Authority (AFCA) on Monday revealed that it had received 70,510 financial...

  14. Grant Thornton launches new CFO advisory service

    as partner — after spending just over five years at the firm’s London offices. He has more than 20 years’ experience, the last decade of which has seen him work in a split role, as both an independent auditor and adviser, “unpacking complexity and...

  15. Determination the key to small business success

    founder of small business advisory firm InFinance Solutions, is Bundle’s accountant. “The way Niyoka ran the business last year was very strategic.” She acknowledges cash flow management has been especially tough for small businesses over the past year....

    • Type: Article
    • Author: Intuit QuickBooks
    • Category: Business
  16. ‘Political suicide’ inheritance tax gains growing support: Research

    government should consider reintroducing taxes on estates. The University of South Australia (UniSA) released new research last week that shows that public resistance to inheritance and estate taxes may have declined in the 40 years since they were...

  17. MYOB acquires Axsys, Exobiz in mid-market push

    officer Steve Aish said the deal offers testament to the level of quality and innovation tabled by the business over the last 16 years. “We’re very excited to be part of the next phase of growth for MYOB Enterprise,” Mr Aish said. “This highlights the...

  18. KPMG to offer ‘most generous employee schemes’

    which is coming to a boil. The demand for accounting professionals has been felt by Canberra, with the federal government last week adding five accounting occupations to its Priority Migration Skilled Occupation List in a bid to attract overseas talent....

  19. Moore bolsters leadership with anniversary appointments

    appointed four new partners and three associate directors as it turns the corner on its first year after rebranding in July last year. Moore Australia on Wednesday announced the appointment of Vanessa Wu, Colin Prasad, Simon DePaoli and Lucie McKenna to...

  20. TPB sends warning to unregistered preparers as tax time 2021 begins

    said the regulator would continue its crackdown on unregistered preparers this tax time after receiving over 200 complaints last year. “The case of Nathan Williams highlights the issue that dealing with an unregistered preparer this tax time can cost...