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Assuming last is required, the following 3591 results were found.

  1. Post-budget reflections

    Plan. Stage 2 was originally legislated to apply from 1 July 2022 which would have subsumed the limited life LMITO. However, last year’s budget brought forward Stage 2 by two years and unexpectedly extended the LMITO by 12 months to 2020–21. The LMITO’s...

    • Type: Article
    • Author: Robyn Jacobson, The Tax Institute
    • Category: Business

  2. Small business owners face mounting mental health concerns: MYOB

    Of the business leaders surveyed, 52 per cent reported feeling stress as a result of operating over the course of the last 12 months, up by 7 percentage points from the same period last year. Meanwhile, 45 per cent of respondents reported experiencing...

  3. Frydenberg says Labor ‘cannot be trusted’ on tax cuts

    does. “Labor has opposed our legislated income tax cuts every step of the way and took $387 billion of higher taxes to the last election.” Mr Frydenberg’s comments follow reports of Labor Party support for the stage 3 income tax cuts, which are...

  4. ‘Record low’ insolvencies masking failed businesses

    according to a new report. Specialist insolvency firm Dissolve released the results of its latest Business Stress Report last week, which showed that formal insolvencies among Australian firms are down by 49 per cent compared with the same period last...

  5. PwC posts $2.2bn revenue for FY21

    well as our core business offering in assurance and tax.” Partner profits were up as well, 18 per cent higher than they were last year, when the firm booked a 15 per cent reduction. The firm said better-than-expected profits enabled it to make...

  6. Business closures ‘inevitable’ as defaults rise

    the death knell for businesses. New data from CreditorWatch has revealed that business defaults increased by 20 per cent last month, averaging a 10 per cent increase over the last three months. While defaults only rose by 0.6 per cent compared to August...

  7. Treasurer urges non-complacency as employees return to office environment

    reach as high as 15 per cent. As you know, it’s at 4.5 per cent today, a 12-year low. We saw GDP fall in the June quarter last year by its greatest number on record. And we have also seen across the rest of the economy a dislocation as the health...

  8. Job losses rise to 280k through lockdowns

    rate rose 0.1 per cent, up from 4.5 per cent to 4.6 per cent through September, as job losses rise to 281,000 over the last three months. ABS head of labour statistics Bjorn Jarvis said the fall was led by marked labour market shifts in NSW and...

  9. 4/10 businesses suffering under labour shortage: NAB

    from labour shortages. Around 36 per cent of Australian businesses have experienced a “very significant” impact over the last three months due to the country’s current labour shortage, according to new data released in NAB’s latest Business Insight...

  10. Accounting staff shortfall accelerates in June

    that for other professions and trails only the staff-starved retail, education and administration sectors compared with last June. At the same time, applications per accounting job are going in the opposite direction, SEEK sales and service director,...

  11. CPI leaps to 7.3% on rises in cost of food, fuel and housing

    been expecting a quarterly rise of 1.6 per cent and an annual lift of 7.0 per cent. “This quarter's increase matches that of last quarter and is lower than the 2.1 per cent result in March quarter this year,” said ABS program manager of prices, Michelle...

  12. Lose trust and it’s a long way back, says CPA Australia

    members and the public is “vital” because getting it back takes years, the head of CPA Australia has warned after a report last week that showed rising confidence in accountants but declines in regard for their professional bodies. “Once trust is lost,...

  13. One more rate rise could tip us into recession, says Deloitte

    income per capita – a key measure of prosperity – is falling, and will finish the current financial year at levels last seen before the onset of the pandemic. There is no doubt that Australian households are starting to hurt.” He said last year’s...

  14. Rate rises to slam the brakes on housing starts: HIA

    according to the Housing Industry Association. The HIA’s latest Outlook Report says interest rate rises put an end to last year’s boom and detached housing commencements will fall precipitously to below 100,000 next year, from 149,000 in 2022. “The...

  15. Plethora of streaming services confront subscription fatigue

    services were closing the gap on subscriptions and now accounted for one-third of streaming, up 8 percentage points on last year. The survey also revealed a decrease in willingness-to-pay per subscription and a decline in the average number of...

  16. Accountants sweat on ‘non-stop’ wave of ATO super audits

    superannuation contributions at unprecedented levels in the wake of criticism by the Australian National Audit Office (ANAO) last year, accountants say. They report a "huge" shift in superannuation audit volumes as well as a change in audit triggers and...

  17. Average refund plummets by $580, total payout down $5.4bn

    31 deadline, ATO figures reveal. Data supplied to Accountants Daily revealed 10.5 million taxpayers put in returns by last month’s date, up from 10.2 million last year, with half of those self-prepared and the other half done by tax agents. But a...

  18. RSM revenue surges 15% on middle market demand

    it said on Monday. The mid-tier firm’s result mirrored RSM Global network’s revenue growth of 16 per cent to $US9.4 billion last year. RSM Australia CEO Jamie O’Rourke attributed the firm’s domestic performance to the strength of the Asia-Pacific...

  19. Government commits $41m to power SME energy relief

    funding to help small and medium enterprises save on energy bills and reduce their carbon footprint, it said in a statement last week. The funding would be used for the second round of the government’s Energy Efficiency Grants and was almost triple the...

  20. GST, PAYG withholding a ‘significant portion’ of $50bn tax debt

    summit that ensuring taxpayers pay their tax and super obligations will remain a key focus for the ATO. In September of last year, deputy commissioner Vivek Chaudhary said the ATO’s collectable business debt had nearly doubled over the last four years....

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