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  1. Brisbane accountant achieves push-up world record

    firm Evergent, Lucas Helmke, was officially recognised by Guinness World Records after completing the feat at the end of last year. Mr Helmke told the world record organisation that he attempted the record to inspire his one-year-old son and show him...

  2. Bribery, brothels, breaches of confidence: ATO officer loses appeal against imprisonment

    his “contrition and remorse,” and his sentence should be reduced as he had pleaded guilty and co-operated with authorities. Last Wednesday (24 September), the NSW Supreme Court rejected his appeal, finding that Wei’s cooperation had not warranted...

  3. Brexit - what does it mean and should you be worried?

    Readers will be well aware by now that the UK referendum last week on whether to Remain as a member of the European Union (EU) or to Leave did not go the way most analysts and the media thought it would. It is a gross understatement to say that the...

  4. Breaking down the latest in accounting technology

    called NetCash, which helps NetSuite users with easier bank feeds to speed up the bank reconciliation process. That’s the last of our app news. Moving into the GL world… Intuit have introduced QuickBooks Ledger: low cost solution for simple clients....

  5. Breaking down a new lending landscape

    managing director and CEO of The Invoice Market. “The reason that alternative lending has really come to the fore over the last three, four, five years is because of the difficulty traditionally that small business, and even medium-sized businesses have...

  6. Bracket creep hands top earners biggest tax breaks, survey finds

    average tax rate is the share of income they pay in taxes while their marginal tax rate is the rate imposed on their last dollar of income. The survey found the top 10 per cent of earners had a 2.4 per cent lower tax rate in 2021 compared to 2003 while...

  7. Brace yourselves for joyless Christmas, business warned

    increase year-on-year. At the same time, credit enquiries by business were up 87 per cent year-on-year and 61 per cent since last month, reflecting the increased caution and declining business confidence reported by the NAB Business Confidence Index....

  8. Bowerman decision highlights flaws with ATO approach to losses

    and sale of the apartment was considered to be a ‘commercial transaction’ In its decision impact statement issued last week, the ATO stated that the Bowerman decision was an unusual case that would limit the application of the AAT’s decision in future...

  9. Bowen withdraws from Labor leadership contest

    of the process and the delay for the start of a new leader,” said Mr Bowen on Wednesday at a press conference. “Over the last 48 hours I’ve been on the phone to colleagues. I’ve been very pleased with the response. It’s clear to me that I would have...

  10. Boutique makes senior hires post-merger, plans to go national

    a former mid-tier partner to launch a Sydney office in what is just the first step of its east coast expansion plans. Last week, business consulting and personal wealth advisory firm, The Practice, officially opened its Sydney office, headed up by...

  11. Boutique insolvency start-up expands to Canberra

    and would lean on the resources of the broader business to help service that market. Mr Cathro launched Cathro & Partners last year as a boutique insolvency and corporate restructuring firm focused on helping clients create and preserve business value...

  12. Boutique advisory quality, demand set to rival big 4

    and redundancy. Accountants have linked it to clients receiving better advisory services at the smaller end of town. Last week, Accounting Times reported EY had made further cuts to its advisory team with the redundancy of 50 roles due to a plummet in...

  13. Both sides of government spin super promises

    party will not implement new taxes on superannuation. At this stage, there is no time frame for how long this guarantee will last in the Liberal Party’s statement. It’s important to note that when Scott Morrison was federal treasurer in 2016, he...

  14. Bookkeeping firm set for nationwide expansion

    of the Year, partner Jamie Davison said that he expects the bookkeeping industry to continue evolving as it has been for the last few years. Mr Davison believes the bookkeeping industry will become “more advice driven and proactive in interpreting the...

  15. Bookkeepers, accountants to remain ‘essential’ despite AI

    go, ‘Please don’t get me on that list!’” said Mr Addison. “There’s a project now – that has been tabled and funded in the last budget – of integrating the quarterly business survey with our natural accounting system, with our software. “So from within...

  16. Bookkeepers reminded on TPAR obligations

    economy in the building and construction industry in 2015–16, justifying its extension to the courier and cleaning space last year and the further extension to the three new industries this year. The ATO will use data provided in the TPAR to identify...

  17. Bookkeepers push back on growing accounting competition

    can package up bookkeeping services into their fixed fees,” Ms Hoosen said. “I’ve spoken to a lot of bookkeepers over the last 12 months who aren’t getting referrals from accountants anymore because the accountants are now suddenly seeing this as a real...

  18. Bookkeepers on alert as scams rise by 23%

    Bookkeepers have been urged to caution their small business clients after close to $5 million was swindled in scams last year. According to the Australian Competition and Consumer Commission’s (ACCC) latest report, there was a 23 per cent spike in...

  19. Bookkeepers named in network’s national acquisition campaign

    Block confirmed to The Bookkeeper it has set its broad fee acquisition target at $2 million for this financial year. In the last three years, H&R Block has acquired 10 independent practices, totalling about $3 million in fees. Firms with bookkeeping...

  20. Bookkeepers cautioned over SG amnesty

    superannuation guarantee amnesty is not yet legislated, affecting the tax-deductibility of payments and potential penalties. Last month, Minister for Revenue and Financial Services Kelly O’Dwyer announced the introduction of the amnesty to give...

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