AASB called to stick with current disclosure framework
The Australian Accounting Standards Board has been urged to not “reinvent the wheel” and rely on...
SMSF auditor liable for losses following litigation case
An auditor’s failure to detect irregularities in an SMSF over a number of years has led to the aud...
Contentious residency, CGT debate booted from Senate line-up
The Senate has held off from debating the legislation proposing to deny foreign residents access to ...
Tax & Compliance
‘No need to buy payroll software’: ATO fronts STP confusion
The Tax Office has confirmed that micro businesses will not be required to purchase payrol...
Vacant land tax reform legislation released
The government has released a draft legislation that will limit deductions for expenses as...
AASB called to stick with current disclosure framework
The Australian Accounting Standards Board has been urged to not “reinvent the wheel” a...
M&A
Carbon Group locks in 13th M&A since launch
WA-based accounting and bookkeeping network, Carbon Group, has announced another merger on...
New Deloitte acquisition marks focus on automation for tax
Deloitte has announced the acquisition of a tax software specialist as it looks to prepar...
Mid-tier moves in on South Australia region
A mid-tier network has completed the acquisition of an accounting firm and rebranded two e...
Professional Development
Uni to shake-up courses for accountants as employer demands change
An Australian university is currently developing a new set of credentials for the accounti...
Technical hiccup sees anxious wait for CA students
Chartered Accountants Australia and New Zealand students have now received their term two ...
Over a quarter of tax agents fail CPE audit
More than one in four tax practitioners have failed to comply with their continuing profes...
Appointments
Tax lawyer leaves his firm in new east coast venture
A tax lawyer has been recruited by a mid-tier law firm as it looks to support its growing east coast...
SMSF
SMSF auditor liable for losses following litigation case
An auditor’s failure to detect irregularities in an SMSF over a number of years has led to the aud...
Business
17 companies wound up, $600k entitlements to be recovered
ASIC has wound up 17 abandoned companies and appointed liquidators to allow employees to recover clo...
Technology
Accounting apps market grows, but jury is out on effectiveness
The market for accounting apps in Australia has recorded more growth. Some are convinced of efficien...
