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  1. Professional with 4 decades of experience joins Grant Thornton

    Mr Butterfield joins the firm with over 40 years of experience and knowledge in the accounting profession and has spent the last 34 years specialising in business valuation and forensic accounting with expertise in firm risk management and technical...

  2. PKF Sydney aims to build ‘biggest broker force in Australia’

    the “largest salaried broker force in the country”. David Zammit became the first executive director of PKF Debt Solutions last week and will be responsible for building processes and procedures for the division, onboarding technology suppliers, and...

  3. Industry, small business urge FWC to dial back minimum wage rise

    The ACTU’s 7 per cent claim is “reckless”, says one industry group, with high inflation and a slowdown in GDP growth. Both small business and employer associations are urging the Fair Work Commission to dial back union demands for a 7 per cent increase...

  4. Xero shares soar on leap in revenue, subscribers

    Xero shares traded above $100 yesterday and finished the day at $102.49. Its stock has risen from sub-$70 lows during the last quarter of 2022 following the appointment of Ms Singh Cassidy in February. Her career takes in 25 years of global leadership...

  5. Surging construction costs stall residential builds

    firm revealed almost 16,400 dwellings were approved but not commenced by the end of March, up from 13,800 at the same time last year, while Victoria had 10,500 approved but not started in the same period up from 5,000 the year prior. KPMG urban...

  6. How the ATO will turn celebrity into a challenge

    Individuals will pay tax on their fame unless there are changes to last year’s draft determination. The ATO’s draft taxation determination TD 2022/D3 sets out the proposed treatment of an individual’s fame. It say, in essence, that because the law...

  7. BDO partners with SBE to support female-led businesses 

    estimates that the 351 businesses supported across investors SBE Australia, Heads over Heels and Scale Investors over the last 10 years had facilitated economic activity worth over $1 billion and almost 5,000 equivalent full-time roles in 2021–22. CEO...

  8. Why safety-first budget yields bonanza of questions

    cautious support measures for small business are short on detail. Targeted relief for the most vulnerable The measures in last week’s budget were not unexpected. It understandably seeks to assist those most in need, the most vulnerable, those most...

  9. Australian .au domains are now the 10th most popular globally

    Despite criticism of the rollout of the shortened .au domain late last year, auDA says it now provides almost 4 million domain names. The .au domain administrator (auDA), which prompted security concerns late last year due to a rushed rollout of the...

  10. ACCC to set up National Anti-Scam Centre with $58m in funding

    says the organisation. The Australian Competition and Consumer Commission (ACCC) will use the $58 million set aside in last week’s budget to complete the setup of the National Anti-Scam Centre over the next two years. ACCC deputy chair Catriona Lowe...

  11. Tougher enforcement needed on client verification, says OCR Labs

    impersonating well-known Australian companies and using personal details to gain trust,” explained Mr Micale in a speech last month. Mr Micale said that verifying the identity of new clients was critical with some tax agents being unwittingly caught up...

  12. Talented women vote with their feet, top firms warned

    when I hear stories about what occurs in some of the not great places to work.” “The CA ANZ remuneration report from last year talked about a pay gap, particularly at the top end of an accounting firm. So we’re talking about partners – these are the...

  13. ATO crackdown focuses on rental properties, work claims, CGT

    relating to producing your rental income.” On work from home expenses, the ATO abolished the shortcut method of claiming last July and introduced a fixed-rate method with a 67c-an-hour deduction in a revised regime with more stringent record-keeping...

  14. Aged care provider underpaid staff more than $3.5m

    unchecked, which left hardworking employees missing out on their money.” The action against Uniting AgeWell comes after late last year the FWO took action against another aged services organisation - RSL LifeCare Limited - which had underpaid 3,591...

  15. SMSF industry rallies support for specialist with cancer

    and tax agent Brooke Hepburn-Rogers, 41, was diagnosed with Stage IV Gliosarcoma, an incurable brain cancer, in October last year. The founder and managing director of Canberra-based Foxton Financial has undergone seven weeks of radiation and 10 weeks...

  16. Airwallex doubles down on borderless payments mission

    most powerful global financial infrastructure and expand our reach into markets where we see significant opportunities”. “Last year, we processed close to US$50 billion in annualised transactions volume and doubled our number of monthly transacting...

  17. ATO rental property focus to keep accountants on their toes

    possible to maximise the cost base.” An increased emphasis from the ATO on the rental industry was flagged as early as late last year when the tax office’s assistant commissioner Kath Anderson spoke at the Accountants Daily Strategy Day and stated full...

  18. Budget funds next stage of nationwide digital ID program

    port, which is face to face and that tends to be prone to errors, issues and fraud.” The rollout of the director ID scheme last year drew considerable criticism from the accounting profession with many describing the process of helping their clients to...

  19. Sun about to set on range of popular tax measures, ATO warns

    30 June 23. That’s where companies can, if they make current year losses, claim them against other income years over the last three years.” “I think it’s a useful one to support business.” One compensation in the budget is the implementation of the...

  20. Budget: the tax profession delivers its verdict

    30 June 23. That’s where companies can, if they make current year losses, claim them against other income years over the last three years.” “I think it’s a useful one to support business. H&R Block director of tax communications Mark Chapman said most...

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