Financial Services

Credit Suisse downgrade

A RESEARCH report released by Morningstar has downgraded Credit Suisse Asset Management Limited’s asset allocation outlook to ‘neutral’.

Ethical ratings for big 100

AUSTRALIA’S 100 largest private and public companies are about to have their ethical and environmental performance rated.

Farmers tackle AWB elections

THE farm lobby is not considered to be at the vanguard of corporate governance reform, but that has not stopped the WA Farmers Federation taking on wheat marketing company AWB.

Business symmetry

AT a time when most accountants like to be called business advisers, local firm McKessar Tieleman has bucked the trend.

ATO targets cash economy

THE Australian Tax Office has started sending letters to 9,000 firms in the building and construction industry as part of a campaign to stamp out the cash economy.

Information exchange vital for a successful transaction

In the second in a series on mergers and acquisitions, Mark Beyer looks at the type of information business owners need to provide potential buyers.

National tax toll tops $214 billion

AUSTRALIANS paid nearly $214 billion in taxes last financial year, with most paid in the form of personal and company income taxes

Feeling the fall-out from PI cost rise

A RECENT survey by CPA Australia has highlighted the potential fall-out from the rising cost of professional indemnity (PI) insurance cover for accountants.

Simplifeied tax changes

THE Federal Government has announced measures to improve the so-called Simplified Tax System (STS) and foreshadowed other changes to further improve the tax system.

Takeovers take talk

In the first of a six-part series on mergers and acquisitions, Mark Beyer looks at who can help with buying and selling of businesses, large and small.

Farmers keen to switch banks

ONE sixth of Western Australian farmers are planning to shift some or all of their business from their main bank over the next 12 months, a new study has found.

Farm deposit scheme eased

FARMERS adversely affected by drought conditions will benefit from planned changes to the Farm Management Deposit (FMD) scheme.

Variety the spice of life

Getting the right advice and using it well are essential when dealing with financial institutions, as Mark Beyer reports.

Lift super standards

GOVERNMENT and regulators must act to ensure standards in the financial planning industry are lifted, together with improved disclosure standards, according to the Association of Superannuation Funds

Tough choice on payroll tax

THREE months after WA’s Commissioner of State Revenue announced a payroll tax amnesty in relation to ‘contractor’ payments, the issue is still causing disquiet in the business community.

Taking a common law view

THERE are at least eight common law tests that can be used by the courts to decide if a worker is a contractor or an employee, according to law firm Deacons.

ICAA maintains the rage

THE Institute of Chartered Accountants in Australia (ICAA) has launched a ‘compo kit’ to help its members lodge claims for defective administration by the Australian Tax Office.

Warning on super promoters

THE Australian Tax Office has expressed concern about schemes designed to avoid tax by shifting business profits into superannuation.

NAB leads on debtor finance

Our series on business lending this week turns its attention to cash flow lending, or debtor finance as it is also known. Mark Beyer reports.

GST changes finance options

In the third of a six-part series on business lending, Mark Beyer looks at the equipment finance market. THE equipment finance market has witnessed substantial change over the past couple of years, led by the growing popularity of chattel mortgages.

A quick guide to equipment finance

SHOULD I use a lease or hire purchase? This is one of the most common questions asked of business bankers and finance brokers.