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  1. Franking credits changes set to raise $58.2bn

    policy will impact. Labor’s plan to remove cash refunds for excess dividend imputation credits was first announced in March last year, with exceptions for pensioners announced soon after. Shadow treasurer Chris Bowen said the policy intent is to stop...

  2. Let’s get this straight: There is a gender pay gap in accounting

    But the facts show the gender gap well and truly exists. And it is significant. Our latest Remuneration Survey reveals that last year, in both Australia and New Zealand, the average female Chartered Accountant earned around a quarter less than a male CA...

    • Type: Article
    • Author: Julia Quinn, CA ANZ
    • Category: Business

  3. Why you should take extra caution with emails from your boss

    Accounting firms are legally obliged to prevent, manage and report threats of this nature, under laws which were passed last year. Under the Notifiable Data Breach Scheme, firms are required to notify the Office of the Australian Information...

    • Type: Article
    • Author: Reporter
    • Category: Business

  4. Plans to fast-track increase to SG raises industry concerns

    compulsory superannuation contributions from 9.5 per cent to 12 per cent by 2025, a move supported by the government. Last week, the Grattan Institute said that such a move would cause an extra $20 billion to be stripped from workers’ wages each year....

  5. ATO set to launch tax record application system

    90 per cent of relevant income tax, business activity statement and fringe benefits tax lodgements that were due in the last four years of operation from the date of request for an STR, and must not have $10,000 or greater in outstanding undisputed debt...

  6. Bill Shorten justifies proposed policies

    $6 billion now, how much will it have to cost the budget before we say we can’t afford it — it has gone up 12 times in the last 18 years.” [email protected]

  7. Tax Office reveals disqualified trustees register

    The register of disqualified trustees shows the names of individuals who were disqualified between October 2012 and December last year, with a breakdown of state or country and postcode. A link to a gazettal notice has also been provided for each...

  8. BDO gains former big four director

    increasing activity in the financial services sector and client demand for tax advisory services. “What we’ve found in the last couple of years is that whilst there’s growth in advisory and consultancy, there remains a genuine appetite for BDO’s...

  9. Crucial lodgement deadlines flagged for SMSFs

    recent years, the Tax Office has issued a reminder of its two critical upcoming lodgement deadlines for clients with SMSFs. Last year and the year before, critical SMSF lodgement deadlines were a headache for accounting and SMSF professionals. This was...

    • Type: Article
    • Author: Reporter
    • Category: Super

  10. From builder’s labourer to CA’s star performer

    decisions. In 2017, Sequel CFO started franchising to give more accountants an opportunity to become financial mentors. Last year, I brought on a CEO and business partner, Maria Robinson, to grow the business further with me moving to an MD role. The...

  11. UK audit overhaul needs to be ‘watched very carefully’

    competition concerns in the audit market are opening up big questions around the future of audit on an international level. Last month, the UK’s Competition and Markets Authority released the final report of its audit services market study, recommending...

  12. Carbon pushes on with 16th merger

    will complement the existing Carbon team in Adelaide, whose office is located in Gawler, following a merger back in May last year. Carbon Group is currently represented in four states — NSW, WA, SA and VIC — with the network planning to establish a...

    • Type: Article
    • Author: Reporter
    • Category: Business

  13. Big four reveals partners’ average tax rate

    than 8,000 people, making us a significant contributor to Australia’s economy and tax system,” Mr Sayers said. “Over the last three years, PwC, its partners and its employees have contributed more than $1.7 billion in total taxes. “In the 2018 financial...

  14. Mid-tier network appoints CPA as South Australia CEO

    appointment follows the appointment of Tony Sacre, the former head of the Sydney Stock Exchange, as its new chief executive last year. Accountants Daily understands that all members of the Bentleys Network are separate legal entities and not in...

  15. CountPlus acquires stake in Melbourne CA and financial planning business

    CountPlus’ third acquisition in six months, following a minority stake in Victoria-based O’Brien Accountants & Advisors last year after its change in business model, and the acquisition of Coffs Harbour firm Kerry Albert & Co earlier this year....

  16. H&R Block celebrates legacy of its founder, who passed away at age 96

    end of an era, but his vision and legacy will continue to be embodied at the network, says its Australian managing director. Last week, H&R Block announced that its co-founder, Henry Bloch, had passed away, at the age of 96. In 1955, the American...

  17. Tax Office figures paint different negative gearing picture

    is mainly used by teachers, nurses and emergency service personnel. The ATO’s 2016–17 taxation statistics, released late last month, showed that those with the occupation category of chief executive or managing director, general manager or director were...

  18. Government lobbied for major TPB changes

    resourced to enforce the code and carry out its disciplinary functions despite the $20.1 million funding announced in last year’s federal budget. It noted that out of the approximately 120 TPB staff members, 80 of them are allocated to handling...

  19. Carbon expands to NSW with 15th merger

    merger follows in the footsteps of Melbourne-based Books in Shape and Platinum Bookkeeping, which joined Carbon Group in the last six months. [email protected]

  20. M&A deals reach 7-year high

    a 19.5 per cent increase in transactions from the year before, representing the highest M&A activity in Australia in the last seven years. The total value of the 49 transactions over $50 million in 2018 was approximately $48.7 billion, compared to $41.6...

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