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  1. Big 4 firm bullish after new platform launch

    its new blockchain platform, one big four firm is confident its moves will benefit both the firm and its mobility clients. Last week EY announced the launch of Tesseract, an integrated mobility platform underpinned by blockchain technology. “Tesseract...

  2. Mid-tier firm gains new partner following merger

    appointment of a new growth advisory partner, who was the advisory board chairman of a consulting group which it merged with last week. Grant Thornton has welcomed Ian McCall as a partner in its Melbourne-based growth advisory team. Mr McCall was...

  3. CPA defends ‘extremely effective’ marketing strategy

    (AGM) in June, the board indicated membership gains in key focus markets, including 20 per cent growth in Asia in the last three years. The board also said expenditure on marketing, promotion and publications as a proportion of revenue remained...

  4. CPA board grilled in heated Senate hearing

    to make it simpler for members of professional bodies to communicate with each other. This follows a hearing in Sydney early last month, which was fronted only by general manager of policy and corporate affairs, Stuart Dignam. The continuation of the...

  5. Mid-tier flags advice opportunity in NFP sector

    not-for-profits are still seeking advice from their accountants following a number of changes to their industry over the last five years. “The NFP sector has been in constant change since 2012 with the introduction of the Australian Charities and...

  6. Mid-tier snares big 4 director to boost tax services

    boosting the firm’s international tax services as new policies shake up the area, after coming across from a big four firm. Last week, Pitcher Partners Perth confirmed the appointment of Birgitte Hebiton, formerly of KPMG, as director of taxation...

  7. Second tranche of insolvency reforms kick in

    liquidator registration applications and disciplinary matters. ASIC’s Corporate Plan 2017-18 to 2020-21 was also released last week, outlining its vision to allow markets to fund the economy and economic growth. In the report, ASIC outlined what they...

  8. Highest-paid accounting roles revealed

    average salary of $126,253. This was followed by strategy and planning roles, despite a 2 per cent dip compared to this time last year, with an average salary of $122,394. Management accountants averaged a salary of $110,807, with a growth of 1 per...

  9. Opportunity for accountants as SMEs struggle with efficiency

    face. The survey found that 82 per cent of Australian SMEs believe they are operating cost effectively, up from 76 per cent last year. However, in the past 12 months, 51 per cent of businesses surveyed said they had implemented cost efficiency...

  10. ATO increasing data exchange with international regulators

    tax regulators in different countries is rapidly increasing, with the ATO turning in around 30,000 US expats to the IRS just last year according to a US tax lawyer. Moodys Gartner director Roy Berg explained that under the Foreign Account Tax Compliance...

  11. New tax crackdown adds to deductions ‘crusade’

    signalled earlier this week it will be upping its focus on claims related to car expenses this tax time, after finding last year that a significant portion of claims were just below the limit of requiring detailed records. However, some, like H&R...

  12. CA announces course change following timetable bungle

    because they couldn’t enrol in their final capstone course as a result of the new structure. CA ANZ told Accountants Daily last week it was mulling options and concessions for affected students students, which has been confirmed this evening in the form...

  13. ATO signals crackdown on popular deduction

    Australians claimed right up to the threshold that does not require detailed records to be kept of a popular tax deduction last year, prompting a closer compliance check this tax time. The tax office said it will be paying “close attention” to claims...

  14. Mid-tier outlines service line plans for FY17/18

    business divisions. In particular, the firm is looking to boost its work in relation to fraud, which it noted appetite for last year. “There’s always been work on fraud, and we’re looking to boost our work from responding when it’s detected to fraud...

  15. ‘Big deal’ for SME clients in banks’ move

    were now safe from banks unilaterally changing loan contracts. “Unfair contracts legislation came into effect in November last year and banks were very slow to comply but thanks to the work of Ombudsman Kate Carnell and her team, there are now important...

  16. Intuit Australia posts massive subscriber growth

    growth to adopters of mobile technology. Intuit Australia revealed that it had surpassed 100,000 subscribers, up from 53,000 last year, in the 12 months to 31 July this year. Intuit Inc’s global revenue grew by 10 per cent year-on-year, up to $5.2...

  17. ‘Every incentive’ for ASIC to kill off accountants’ licence

    Licence (AFSL) became available to accountants because of the phase-out of the accountants’ exemption, which ended in July last year. The exemption allowed accountants to provide superannuation-related advice without operating in an AFSL environment,...

  18. Mid-tier snares EY partner in bid for ‘significant growth’

    appointment to the newly created role of insolvency and restructuring partner follows the departure of two executives in the last 15 months, including partner Andrew Sallway, who is now at BDO, and partner Gayle Dickerson, who is now at KPMG. Grant...

  19. Accounting body hails ‘huge win’ in new law reforms

    to competition laws in a bid to deter anti-competitive conduct, calling it a “huge win” for small businesses in particular. Last week, the Competition and Consumer Amendment (Misuse of Market Power) Bill 2017 was passed to implement a key recommendation...

  20. Commissioner tips ‘record-breaking year’ for lodgements

    As of yesterday, the ATO said it has received just shy of five million returns, which is up 360,000 compared to this time last year. About three million of these lodgements came from tax agents, which is up by about 2 per cent from 2016. By comparison,...

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