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  1. How this young accountant feels about joining a professional body

    Some professional accounting bodies made the news for all the wrong reasons last year. This left us wondering: do young accountants care about professional designations? Join Accountants Daily editor Katarina Taurian as she grills aspiring CA, Michael...

  2. Popular deduction in ATO’s firing line after 20% spike

    to quash "automatic entitlement" claims. According to the tax office, clothing claims have risen by 20 per cent over the last five years, with 6 million people claiming nearly $1.8 billion in laundry expenses last year. “While many of these claims will...

  3. Public accountants urged to embrace SG amnesty

    business clients to “wipe the slate clean” and pay worker entitlements in full, to the Institute of Public Accountants. Last month, the government introduced a one-off, 12-month amnesty period for small businesses to address any historical underpayment...

  4. KPMG marks further outer suburbs expansion

    growing their presence in the area. Deloitte is the largest, located in Parramatta and Norwest Business Park. Also, in June last year, PwC announced that about 200 staff would be relocated to the Western Sydney University Parramatta campus. It also has...

  5. Health, wellness often suffers as EOFY approaches

    stress from intense workloads and client demands. Accountants fared comparatively well on depression and anxiety barometers last year, but stumbled with physical health and nutrition, particularly during longer working hours. “We all know that...

  6. Deloitte tops last year’s intake with 68 new partners

    Big four firm Deloitte is adding 68 new partners to its ranks next financial year. Forty-one of the new partners are male, meaning men make up about 60 per cent of the new appointments for the 2018–19 financial year, and women 40 per cent. This...

  7. TPB spies on unregistered agents online, launches new tax time campaign

    agent may or may not have.” The campaign follows a $20 million funding boost to the TPB, as announced in the federal budget last month. The additional funding will come from an increase in tax and BAS agent registration fees, in a bid to ensure the TPB...

  8. PwC snares top Suncorp marketing exec

    former group executive for customer, data and marketing, and chief customer experience officer, left his position earlier last month after 14 years with the bank. PwC’s chief creative officer Russel Howcroft welcomed Mr Reinke as “one of the most...

  9. Karbon’s new exec eyes MYOB, Reckon fallout

    from Wolters Kluwer Australia after about two years in sales management roles. The move, reported by Accountants Daily last week, was publicly confirmed today. “With the MYOB and Reckon APS deal falling through recently, all practices will be...

  10. Deloitte stands back from CPA Australia gig

    process with the newly appointed auditor. The big four firm was drawn into CPA Australia’s corporate governance crisis last year, when members were frustrated about salary and payments disclosures made by the previous board. In the same address, Mr...

  11. Accountants become unlicensed as Dover shuts down  

    Lawyer and financial services executive Terry McMaster wrote to authorised representatives of his Dover licensee business last week, announcing the cancellation of its AFSL following the intervention of ASIC. According to the email, obtained by...

  12. Australian accountants facing further scrutiny

    a wrap of the Australian Accounting Awards. The team share their learnings and observations from the gala dinner in Sydney last week, including advice for accountants who are considering throwing their hat in the ring next year.

  13. ATO kicks off ‘biggest ever’ taxpayer education campaign

    the government to increase compliance activities targeting individual taxpayers and tax agents, as announced in the budget last month. Work-related expenses has been a key focus area for the Tax Office, with commissioner Chris Jordan claiming that...

  14. Bookkeepers cautioned over SG amnesty

    superannuation guarantee amnesty is not yet legislated, affecting the tax-deductibility of payments and potential penalties. Last month, Minister for Revenue and Financial Services Kelly O’Dwyer announced the introduction of the amnesty to give...

  15. Accountants called on as Board of Taxation reviews tax concessions

    a review of the suite of small business tax concessions, with a view to recommend reform and possibly new tax breaks. Late last month, the Board of Taxation announced it would be launching a review led by board members, BDO partner Dr Mark Pizzacalla...

  16. Win for accountants who handle their own SMSFs

    otherwise been paid for Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018, which was introduced late last month, gives some awaited clarity. An explanatory memorandum (EM) confirms NALI rules do not apply “in respect of...

  17. ATO boasts systems' stability despite looming downtime

    the ATO’s new tax agent portal is still currently in beta phase for testing with approximately 100 tax agents since December last year. It is now over a year behind schedule. [email protected]

  18. 115,000 SMSFs cheaper, online admin over accountants

    an accountant. “Overall, the number of SMSFs who do not use an accountant has doubled by nearly two and a half times in the last 10 years,” said Investment Trends research director Recep III Peker at an event in Sydney. “Part of it is because of digital...

  19. Flexible work ‘recruiting limitation’ for firms on the hunt

    barriers of the non-traditional working arrangements, with some unable to shake productivity concerns. PwC’s research late last year also found workers are often fearful that taking on a flexible working arrangement will have negative cultural...

  20. ‘We won’t sell’: Reckon talks plans post MYOB fallout

    focus now is on development - particularly of the division’s cloud strategy. “It’s not as if we’ve been doing nothing in the last seven months, we had a cloudification strategy, and we will continue to move forward with those plans,” Mr Allert told...

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