Ian Purchas: Fast mover

Ian Purchas: Fast mover

Company: RMG Partners Position: Principal IPA status: FIPA Location: Sydney Ian Purchas compares trying to save a troubled business with taking a nasty lump to a doctor. “It’s much the same,” he says. “Expert advice is needed – urgently. Problems almost certainly...
Time for SMSF co-operation

Time for SMSF co-operation

Engage Super Audits is among a small group of accountants that has decided to specialise in SMSF auditing over the past two decades. It audits about 3,000 funds each year. Engage’s founder and CEO, Jo Heighway, says her firm often sees administration problems with...
Loopholes closed: tax reform detoured

Loopholes closed: tax reform detoured

Instead, when Deputy Prime Minister and Treasurer, The Hon Wayne Swan MP, delivered his sixth Budget on 14 May, much of the focus was on targeting what the Government and ATO consider to be ‘loopholes’. The major revenue measures announced in the Budget have been...
The ’father’ of accounting

The ’father’ of accounting

A writer and thinker who was also teacher and friend to Leonardo da Vinci, he is depicted holding a book. But it is not a religious or even an artistic text – it is his treatise on mathematics, called the Summa de Arithmetica. Published in 1494 in accessible Italian...
Banks vs lawmakers on business code

Banks vs lawmakers on business code

The latest investigation, by the Senate Economics References Committee, has again recommended that the Australian Bankers’ Association (ABA) write a small business banking code. The committee handed down its Post-GFC Banking Sector report in November 2012. But the...