NewsBite

Accounting

This Month

Cutcher & Neale wants to become one of Australia’s top 30 accounting firms.

Accounting firms for doctors ink merger

Cutcher & Neale and BBB Partners have agreed to a merger in an all-scrip deal.

June

Xero chief executive Sukhinder Singh Cassidy at Chifley Tower.

Xero makes $4b play to break into lucrative US market

The ASX-listed accounting software giant says it will buy Melio Payments to expand quickly in America, where its efforts to grow have stalled.

Xero CEO Sukhinder Singh Cassidy.

Xero preps monster capital raising for M&A; mandates JPMorgan, UBS

Fund manager sources said the software maker has been preparing a cash call of just under $2 billion with the term sheet expected within hours. 

BAW’s flagship product ATOmate is trying to make accountants more productive.

Canterbury Partners shops accounting automation tool

On offer is a majority interest in the company, which is forecast to deliver $7.7 million in earnings this financial year.

New Deloitte partner Gayathiri (Gee) Balachandra, in the Deloitte Melbourne office, says she is ready to take on the senior role.

The three phone calls Gee made after becoming a new Deloitte partner

Gayathiri Balachandra is one of only 35 new partners at Deloitte Australia, an intake that is the smallest at the firm in more than a decade.

Advertisement
Tamara Somers, Xero’s general manager, sustainability and impact (left) and Jessica Richmond, Sumday CEO.

How this partnership makes carbon accounting easy for all

Xero, the winner of the Sustainability Leaders list in the banking, superannuation and financial services category, is helping businesses small and large calculate their carbon footprint.

Kelly Partners CEO Brett Kelly is a prolific writer.

Kelly Partners CEO and Buffett aficionado bypasses ASX with Twitter

Brett Kelly has drawn inspiration from Warren Buffett’s habit of writing open letters to shareholders.

May

Former EY partner Peter White outside Federal Court earlier this year.

Former EY partner banned over tax evasion and schemes for clients

Peter White has been banned by the Tax Practitioners Board for five years for personal tax evasion and creating schemes for clients to minimise tax.

Besa Deda served as chief Economist of Westpac’s business bank until August 2024.

William Buck recruits ex-St George boffin as inaugural chief economist

Besa Deda, who made history as Australia’s first female major bank chief economist, has joined the mid-tier accounting and advisory firm.

Alex Breen

Yawning on a Tuesday? It might be a sign you have burnout

Research has found that burnout rates jumped 48 per cent in the first quarter of this year compared with the last quarter of 2024.

April

PwC’s data suggested staff who worked from the office were more productive and more engaged in their work.

PwC threatens to sack UK staff who fail to come to the office

The firm’s human resources chief said, “disciplinary action” was possible against employees who failed to work in the office at least three days a week.

Deloitte managing partner of audit and assurance Joanne Gorton.

Deloitte partners gripe over pay unit rumours

Even the Cairns sunshine wasn’t enough to stop a litany of complaints from partners.

Joanne Gorton from Deloitte has cost saving on her mind.

Deloitte’s job cutting CEO takes partners on Queensland retreat

As job losses climb into the hundreds, partners enjoyed the Cairns sun.

Profusion Group managing director Simone Mears

Non-gendered approach to reproductive leave counters unconscious bias

A ‘paradigm-shifting moment’ led Profusion Group to offer health and wellbeing days that go beyond traditional ideas.

Tom Seymour at his (former) office in Brisbane.

Tax Practitioners Board and former PwC CEO can’t get on the same page

Tom Seymour may be trying to tick every box now, but the tax professionals watchdog isn’t helping.

Advertisement
Outgoing chief executive partner of RSM Australia Jamie O’Rourke with incoming RSM Australia chief executive partner Robert Miano.

Big four culture makes partner hires unattractive: RSM chief executive

The mid-tier firm prefers to develop its own leaders over hiring from the big four consulting firms – unless those recruits can prove they are team players.

March

One of the directors was accused of “belittling” an employee by not saying ‘hello’ or ‘goodbye’ to them.

BlueRock facing $3m in directors’ dismissal claims

The professional services firm is alleged to have sacked one accounting director without notice in part because he did not say ‘hello’ or ‘goodbye’ to a staffer.

“Our diverse meritocracy is at the heart of who we are,” says McKinsey local managing partner Wesley Waldon.

‘Unsatisfactory’: US-based firms book biggest gender pay gaps

Law and consulting firms run out of the United States are grappling with the effects of an anti-DEI drive from the US government.

February

Sydney accountant Resha Patel.

Life is chaotic – thank god for my spreadsheet

Overseas holidays, household chores, beer consumption – these finance professionals have their entire lives accounted for. 

If there are multiple transactions it would make sense to use a software package.

What if my accountant still uses spreadsheets to calculate tax?

There are many good software packages that can keep track of all the different tax aspects that may arise in an SMSF.

Original URL: https://www.afr.com/topic/accounting-hug