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Australian SMEs struggling, performance data reveals
SME performance has been calculated at -2.0 in comparison to GDP for May 2024, according to a new business performance monitor from MYOB.
ECONOMY • Sun, 14 Jul 2024
Report: AI to save accountants ‘up to 200 hours in the next year’
The vast majority of accountants believe AI will have a transformative impact on their work, according to new research from Thomson Reuters.
TECHNOLOGY • Thu, 11 Jul 2024
Financial management critical amid rising insolvencies, says insolvency expert
SMEs continue to face challenges in the current financial market due to inflation, increased cost of living and post COVID-19 impacts, an insolvency practitioner warns.
PROFESSION • Thu, 11 Jul 2024
Boutique law firms seeking accounting practice partnerships
Boutique law firms are increasingly exploring partnerships with local accounting firms in order to provide SME clients with more diverse services.
Insolvency the busiest it’s been in 50 years, says industry veteran
Insolvency practitioner John Vouris reflects on his 50 years in the industry and the recent boom in insolvency driven by the economy.
PROFESSION • Wed, 10 Jul 2024
Outdated payment methods hitting travel industry profits, survey finds
Around two-thirds of Australian travel companies have seen their profit margins impacted by inefficient or complicated payment systems, research by Airwallex and Skift ...
ATO and Lunar seize over $6m of illicit tobacco in West Victoria
The ATO and detectives from Taskforce Lunar have seized 3.3 tonnes of illicit tobacco, over $170,000 cash, and 11 firearms during a joint investigation in Victoria.
PROFESSION • Tue, 09 Jul 2024
ATO emphasises cyber hygiene during tax time
The ATO has reminded businesses to secure their online platforms, systems and processes to prevent cyberattacks during tax time.
TECHNOLOGY • Tue, 09 Jul 2024
Aviation company accuses lawyers, accountants of negligence
A regional aviation repair station has taken its former lawyers and accountants to court over allegations they were negligent when providing advice about a share transfer