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  1. ‘Great angst’: CA ANZ lobbies against mandatory exam

    for FASEA to reconsider recognising the “significant” existing education and training that chartered accountants undergo. Last month, the Financial Adviser Standards and Ethics Authority (FASEA) released details around the mandatory exam for anyone who...

  2. IPA escalates focus on Labor’s $3k tax affairs cap as election draws closer

    cap it at $3,000, the likelihood of a person engaging appropriate tax advice is reduced,” Mr Conway told Accountants Daily last year. “We think it would have disastrous impacts on the community. If you look at the people who are generally deserving of a...

  3. CPA calls for extension to compulsory advice exam

    The logistics of it are huge. We’re not getting any indication that the deadline will change, though,” she said in December last year. [email protected]

  4. New GST revenue collection beats budget estimates

    low value imported goods is tracking “well ahead” of budget estimates, the ATO has said. Since new laws kicked in on 1 July last year, GST will apply to sales of low-value, imported goods valued at $1,000 or less, to consumers in Australia, in a bid to...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  5. CA ANZ opens 200+ spots for paid internships

    offering 232 university students – most in their penultimate year in accounting, commerce and business – paid internships, lasting between two to 12 weeks. The programme will see CA ANZ work with large corporates, the big four, mid-tiers, smaller...

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

  6. Payroll, false records sees business cop $140k penalty

    laws by failing to issue pay slips and providing Fair Work inspectors with false records during the investigation. In August last year, the FWO had discovered issues with record-keeping at several Degani outlets, leading to audit activity that found...

  7. Founder, CEO of MyFirmsApp passes away

    an interim leadership team after its chief executive, Joel Oliver, passed away. Mr Oliver passed away before Christmas last month, after a “short but bravely fought” battle with cancer. “On behalf of our board, the management team and all employees, we...

  8. Expiry of 900,000 interest-only loans set for January

    per year - based on current interest rates. APRA announced plans to ditch its cap on interest-only lending in December last year, taking effect this month.

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

  9. Approved courses named by FASEA; CA ANZ takes next step in recognition lobby

    bachelor, or higher or equivalent qualification. The Financial Standards and Ethics Authority (FASEA) issued a determination last week, which included a list of current and historical degrees approved by FASEA. This determination will be updated on an...

  10. MYOB directors set to back takeover bid

    vote in favour of a takeover from a private equity giant, subject to certain conditions, and following a revised offer last week. The MYOB board has agreed to recommend a “scheme of arrangement” to shareholders with US private equity giant KKR at $3.40...

  11. Get aggressive with mortgage payments, says real estate boss

    poised” and any rate rise could catch out overstretched property owners. “One thing that is undeniable over the last five years, is that there are a number of people out there that have overstretched themselves and that will only come to the fore as and...

  12. ‘Won’t be solved overnight’: Regulatory focus on cyber security to continue

    The introduction of several new security regulations over the last 12 months have thrust data and cyber security into the limelight but accountants have been cautioned against forgetting about it in the New Year. In February, new mandatory notifiable...

  13. Latest research divided on growth plans for accounting firms

    only deliver one service? “Not to do so – means there is a huge opportunity cost for both the client and the practice. The last thing any accountant wants is to lose a client because they not delivering the right services.”

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

  14. 'Constant reform' an ongoing pain point for SMSF clients

    reforms have resulted in lower contributions being made and SMSFs paying pensions are now paying more tax. The impact of the last reforms must be considered before any further changes are made.” However, with Labor proposing to end refunds of excess...

  15. Clients tipped to look for more financing support in 2019

    are already feeling the impact of the banking royal commission, with the lending criteria tightened significantly over the last 12 months,” said Mr Turnbull. “In obtaining finance, more information is required to be provided to lenders which results in...

  16. Tax, SMEs set to be ‘political football’ in 2019 as election nears

    Daily, RSM principal, Jarrad Turnbull believes SMEs will be thrust into the spotlight as political parties look to claim last minute votes. “The SME space will be a political football in the lead up to the election, predicted to be in May 2019, as all...

  17. M&A market ‘better than expected’ through 2018 uncertainties

    market did not perform as well as the previous year, it had come along admirably considering the numbers of changes over the last 12 months, including a new Prime Minister. “Overall 2018 was a pretty good year when you look at all the factors holding...

  18. Software landscape set for 2019 shakeup, tips consultant

    many accounting firms will start to review their practice management systems that they are using,” said Mr Smith. “Over the last 12 months, there has been a bit of a log jam from accounting firms saying, ‘well, I’'m not 100 per cent happy with what I’ve...

  19. ATO ‘absolutely’ to continue paperless push in 2019

    accounts. That’s where a payment summary will be delivered,” Mr Drost told Accountants Daily at Accountech Live in Melbourne last year. “By stealth, the ATO are removing the paper. When a client signs up to MyGov, a lot of paper stops coming through the...

  20. Revealed: Inside CA ANZ massive CPD, CA Program changes

    of workers, and flexible learning options are filtering into tertiary institutions. The active employment policy was changed last term, and is effective immediately. Ditching paper exams Digitising the CA Program’s learning experience is a key focus for...

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