Assuming last is required, the following 4011 results were found.

  1. $472k in recoveries shines light on alternative reporting systems

    triggered some in the industry to consider the benefits of more broadly rolling out the taxable payments reporting system. Last week, the FWO revealed its recovery of $471,904 for 616 workers along the East Coast after auditing businesses in breach of...

  2. Class Benchmark Report: SMSFs continue to fuel ETF growth

    Promoted by Class Limited Class has released the SMSF Benchmark Report for the last quarter. Approximately one third of ETF investors are SMSFs and more than half of all ETF assets are held by SMSFs. Over the last 5 years, total assets invested by...

    • Type: Article
    • Author: Class Limited
    • Category: Super
  3. ‘Large preparers to suburban accountants’ copped ATO audit

    of the profession” and have the right processes and checks in place; two, agents who are making “avoidable mistakes”; and lastly, a small number of 500 tax agents who fail to go by the law. “The second group, and that’s by far the largest, are those...

  4. Win for accountants as new rego service rolled out

    month, the government launched its new streamlined Business Registration Service, following its successful public testing last year, allowing businesses to apply for multiple business and tax registrations at the same time online, reducing the average...

  5. ATO speaks on eligibility concerns for corporate clients

    line” test will replace the previous requirement that a company be “carrying on a business”. Speaking to Accountants Daily last week, Knowledge Shop tax director, Michael Carruthers said there is uncertainty over how the corporate tax rate and maximum...

  6. ATO reminds tax agents of new penalties approach

    The ATO has changed the way it applies penalty relief, effective 1 July this year. As advised last financial year, the ATO decided that, from 1 July 2018, it will not apply penalty to tax returns and activity statements where eligible clients have made...

  7. ATO to mobilise cash crackdown in Sydney

    or letter from the tax office highlighting the benefits of an electronic payment facility. This follows research by the ATO last month which showed that only one in five Australians continued to use cash for purchases. “This research indicates that the...

  8. Student outrage sees CA timetable changed to 2019

    unclear. A third capstone module will be available for students in 2018 and 2019, according to an announcement to candidates last week. Under the current timetable, some students finishing their technical modules in term two had to wait up to eight...

  9. 5 firms in Walker Wayland’s sights for 2018

    the rest of the calendar year, prompting its chair Paul Hilton to come out swinging in defence of the network model. Late last month, UHY Haines Norton chair, Michael Coughtrey said the market is getting tougher for mid-tier accounting networks to...

  10. ASIC finds industry falling behind on new accounting standards

    should be particularly careful with as the new standards come into effect, and having released its focus area late last year. Of the 20 matters ASIC has sought explanations of, seven relate to revenue recognition, three to asset values and impairment...

  11. Government called on for CGT cuts, deduction caps for property

    in stamp duties for investors in higher value properties to a long-term (5–20 years) shift to a broad-based property tax.” Last year, The Industry Super Australia Assisting Housing Affordability Discussion Paper 2017 called for current stamp duties to...

  12. KPMG boss speaks on gender equality ‘backlash’

    to because she’s a high performer,” chief diversity and inclusion officer at PwC, Julie McKay, told Accountants Daily last year. Initiatives like KPMG’s sponsorship program are producing good results for the firm despite some internal resistance, Mr...

  13. Eligibility concerns linger as bill fails to clear Senate

    year has caused much uncertainty for practitioners and their corporate clients, with flow on impacts to shareholders. Late last year, the government introduced Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 to clarify that a...

  14. Moore Stephens triples director appointments for FY19

    in new markets over the next 12 months. Moore Stephens added 12 new directors as of 1 July, up from four at the beginning of last financial year. This is the highest intake for a financial year in the network’s history. The appointments include a...

  15. New pre-fill data ‘invaluable’ amid expenses crackdown

    for the pre-filling service 2018, a work-related expenses message indicating which clients made higher-than-expected claims last year will now be available on the PLS. Further, there will be a dividend and interest income message indicating which of...

  16. ATO finds accounting firms with data, cyber security breaches

    to take proactive measures with cyber security this tax time, after a spate of incidences involving accounting firms last year. Speaking on the ATO’s Tax Time Cyber Security webinar, ATO chief information security officer, Jamie Norton said there were a...

  17. Partner intake down, but suburban expansion on the cards for PwC

    down on the record intake of 91 in 2017. There were 27 admissions to PwC’s consulting business, down from 29 admissions last year; 39 admissions to the firm’s financial advisory division, down from 41; and 3 admissions to client, strategy and alignment,...

  18. Record intake for KPMG brings down partnership to 75% male

    per cent of internal promotions. The partnership is now 25 per cent female, a slight improvement from 24 per cent this time last year. KPMG’s Alison Kitchen, the firm’s first female chair, marked gender diversity as a top priority around her appointment...

  19. Vincents brings reshuffle and new service for FY19

    for the healthcare and built environment industries, Phil Ringuet, to lead the new team after leaving his position early last month. Vincents managing director David Rose said Mr Ringuet’s appointment has been “years in the making”. “In a financial...

  20. Exemptions granted as ASIC funding model row continues

    changes related to financial and professional services have received significant backlash. For example, legislation passed last week to make way for an 18-fold increase in fees for SMSF auditors, with ASIC intending to increase the SMSF auditor...