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  1. Clients remain plagued by SMSF confusion

    director Recep III Peker. “Although the number of SMSFs continues to grow each year, the rate of growth has slowed over the last four years. “While there was some concern among SMSF trustees about these changes, they seem to have largely remained...

  2. 60% of SMSF trustees eyeing advice from their tax accountants

    practice they've got a lot of small businesses and they are doing the audit, the tax work for individuals, and the last thing they want to do is move into a financial planning business which could damage their relationship with the companies that they...

  3. Spike in self-lodgers as ATO portals fury continues

    been met with fury. As of yesterday, almost 1.7 million Australians lodged their own tax return through MyTax. This time last year, that figure stood at 1.4 million. So far this year, the number of returns lodged by tax agents is up by 72,000....

  4. SMEs hit as $500m stolen by fraudsters

    in 2016 represents just 0.03 per cent of the staggering $1.869 trillion – yes, trillion – transacted on cards and cheques last year.

  5. Weekend ATO outages hitting bookkeepers

    when they have the time to catch up, and having downtime on the weekend does create a lot of issues,” he said. As reported last week, government heavyweights are throwing their support behind the escalation of the ATO's digital downtime, In an effort to...

  6. EY set for more tax robotics in FY17-18

    are women. However, only 22.2 per cent of the total partnership is female. This is up from 20.6 per cent at the same time last year.

  7. Accountants’ licensing group launches new partnership

    made during the three-year transition period of July 2013 to July 2016. Sixty-six per cent of applications were made in the last four months of the transition period, and 38 per cent of applications were lodged in June 2016.

  8. ‘Major step forward’ for members locked in with CPA board

    are in public practice will have access to a group member’s professional indemnity excess insurance policy at no cost. Late last month, CPA Australia confirmed it couldn’t renew its current Professional Standards Scheme, which expires on 7 October, in...

  9. Big 4 firm finds upskilling 'the new normal'

    New research from a big four firm has revealed that workers no longer expect their qualifications to last a lifetime and are prepared to continuously upskill themselves to remain employable. PwC’s latest global report, Workforce of the future: the...

  10. Qld firm eyes new services, geographical expansion

    HR manager to get a deeper relationship.” In terms of geographical expansion, businessDEPOT launched a Toowoomba office last year and is now considering opening in other states. “We've already put our toe in the water up in Toowoomba and I quite like...

  11. Software provider admits cloud accounting space ‘quite saturated’

    management division, which Mr Allert said has allowed them to focus more on the accounting software division. Further, last week 7.97 million Reckon shares were traded at $1.45 a share, which represents a 7 per cent stake of the software provider...

  12. BAS, tax agent portal saga set to be escalated

    after a certain number of hours with an outage. There needs to be some compensation here that doesn’t exist.” As reported last week, shadow assistant treasurer Andrew Leigh is also throwing his support behind the cause, calling on Prime Minister Malcolm...

  13. Government taskforce makes raft of tax, ABN proposals

    tax processes and overhauling the ABN model. Today, the Black Economy Taskforce, which was established by the government last year in a bid to crackdown on taxpayers who intentionally misreport their tax and superannuation obligations, released a...

  14. ‘Huge frustration’ with new requirement for accountants

    made during the three-year transition period of July 2013 to July 2016. Sixty-six per cent of applications were made in the last four months of the transition period, and 38 per cent of applications were lodged in June 2016.

  15. Spike in regional accountants' advisory take-up

    The popularity and suitability of advisory services for the accounting profession has been a point of contention for the last few years. Recently, chief executive of Sequel CFO, David Boyar, told Accountants Daily said the arguments for advisory work...

  16. IPA’s liability cover gets green light

    Conway. All IPA members in practice must maintain a minimum professional indemnity insurance cover of $1 million. Late last month, the PSC confirmed CPA Australia’s scheme would expire from 7 October this year. It operates in all mainland jurisdictions....

  17. PwC shuns ‘expensive growth’ as 2017 results released

    105 lawyers. Mr Sayers flagged a shift away from billable hours in its advisory work as key to delivering for clients in the last year. “PwC delivered a fully integrated advisory service that utilised more than 60 staff across different professional...

  18. West coast challenges ‘new normal’, says mid-tier

    this is the case, Mr Gray believes that the economy in Western Australia has flattened out at the bottom of a cycle. “The last 12 months has a fairly strong showing that we're somewhere around the bottom and this is the new normal for us,” he said. “Ten...

  19. ATO expects ‘attrition’ as offices shift, funding cut looms

    the 600 new jobs on offer in its new Gosford office, while also facing nearly $30 million in cuts from government funding. Last week, the Minister for Revenue and Financial Services, Kelly O’Dwyer, and the federal member for Robertson, Lucy Wicks,...

  20. Trusts and the tale of three households

    about inequality? The dependent spouse tax offset was designed to mitigate this, but it has been scaled right back over the last decade. The last attempt of trying to equalise the tax burden across households is the family trust. Prudent tax planning...

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