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  1. Why finance will welcome fewer systems, but more AI, fraud defence

    Software consolidation, automation with a human touch and fortified scam prevention are on this year’s agenda. Last year marked a breakthrough for emerging technologies and many finance leaders began thinking about how they can integrate new tools into...

  2. Declining business conditions ‘improve inflation outlook’

    growth remains on a downward trajectory, helping to ease the growth of prices and costs. Business conditions declined last month while confidence remained in negative territory, a sign economic growth is slowing down and inflation is easing, according...

  3. Quarterly inflation drops to 2-year low

    inflation, helped by Commonwealth rent assistance and falling meat and seafood prices. Inflation eased to 0.6 per cent last quarter, down from 1.2 per cent in the September quarter and the slowest rise since March 2021, according to ABS data released...

  4. Personal insolvencies continue to soar in early 2024

    Personal insolvencies increased by almost a third in January compared with the same period last year, according to the latest AFSA data. The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also...

  5. SME employee growth rate on ‘downwards slope’, recent data reveals

    The year-on-year employee growth rate for small business has halved since April last year, according to the latest Employment Hero SME Index. Employment Hero’s April SME Index Update indicates that the employee growth rate for SMEs has fallen from 11...

  6. Service-based small businesses lead productivity decline: Xero

    A report has found wholesale trade was the most productive industry last year, while hospitality performed the worst. Service-based small businesses in hospitality, arts and education led a nationwide decline in productivity last year, according to a...

  7. $20k instant asset write-off passes lower house

    It comes after the eleventh-hour passage of a bill that raised the threshold from $1,000 to $20,000 for FY24 last week. A 12-month extension to the $20,000 instant asset write-off scheme has passed the lower house. The scheme was the government’s chief...

  8. CA ANZ calls on Gen Z to ‘make epic things happen’

    The professional body launched its new “Make Epic Things Happen” campaign in cinemas last night aimed at attracting young people to the accounting profession. CA ANZ has called for the younger generation to be inspired by a career in accounting to help...

  9. Esteemed accounting lecture hits 85 years

    The Annual Research Lecture facilitated by CPA Australia and the University of Melbourne marked 85 years last week. Last week, CPA Australia and the University of Melbourne marked 85 years of the collaborated Annual Research Lecture. This year the...

  10. Solving ATO debt & winning clients for life

    of technical expertise and personal experience. After losing his own business more than 20 years ago, Hank has spent the last two decades helping business owners across Australia avoid the same fate. In this episode, he shares what business owners and...

  11. AFSA unveils current personal insolvency trends, insights

    debtors, coupled with lower unemployment rates, have led to a dramatic drop in the number of personal insolvencies over the last eight years. Despite the current economic climate and subdued consumer conditions, the Australian Financial Security...

  12. ‘Better nation, better conversation’: Spender, Richardson’s take on tax reform

    In the aftermath of the highly anticipated Economic Reform Roundtable last month, the conversation on tax reform is set to be “kept alive” by independent MP Allegra Spender. Federal member for Wentworth Allegra Spender is driving hard for the tax...

  13. ‘Brace yourselves’: Imminent holiday home tax changes on the horizon

    Following the ATO’s “out of the blue” holiday home deduction announcement late last year, the IPA has called for additional clarity for taxpayers and accountants. In November last year, the ATO withdrew its existing ruling on rental property deductions...

  14. RBA hands down May 2026 cash rate decision

    special announcement from Accounting Home Loans, if the Reserve Bank has again decided to raise interest rates, following last week’s shock inflation figures. At each of its first two meetings for 2026, in February and March, the board of the Reserve...

  15. 2026 budget changes trigger triple taxation exposure for trust assets on death

    It may be that, if the proposed changes are implemented as announced, the last remaining planning opportunity with that promoted by author Douglas Adams, namely “spending a year dead for tax purposes”, writes Matthew Burgess. The 2026 budget has...

  16. CPI falls to 4.2% in April, but core inflation remains high

    Further to last month’s annual inflation increase to 4.6 per cent, fuelled by a price rise of 1.1 per cent, the ABS has released its highly-anticipated data from April 2026. With the consumer price index (CPI) rising from 3.7 per cent in February to...

  17. ‘Smash and grab’: Cancellation not enough for persistent deregistered renewal provider

    Last month, ASIC cancelled the registered agent status for two business renewal services; however, one of these companies is still in operation and allegedly continues to take payments from small businesses via direct debit. Having worked with small...

  18. How the KPMG inquiry tested surprising photo evidence

    One of the more surprising revelations to come out of last week’s KPMG inquiry hearing was the attempts by a former partner to downplay her taking photographs of confidential documents. Accountants Daily looks further at that evidence here. As KPMG’s...

  19. AFSA reports spike in personal insolvencies in June quarter

    Authority indicate that personal insolvencies across Australia have increased 13.1 per cent compared with the same period last year. A total of 3,596 new personal insolvencies were recorded in the 3-month period to June 2026, compared to 3,179 in June...

  20. ATO addresses fraud putting forward ‘stringent security measures’

    After it became aware of fraudulent activity targeting the systems of some tax professionals last month, the Tax Office has encouraged practitioners and individuals to use its security measures. After becoming aware of fraudulent activity targeting...

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