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  1. 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...

  2. 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....

  3. 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...

  4. 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...

  5. 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,...

  6. 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...

  7. Impending IASB standard ‘fortuitous’ for ATO

    International Accounting Standards Board will give the ATO a roadmap to focus its audit activity according to a mid-tier. Last month, the International Accounting Standards Board (IASB) finally issued IFRIC 23 Uncertainty over Income Tax Treatments in...

  8. New mid-tier director eyes M&A sector

    in valuations to focus on growing the firm's M&A advisory focus. Moore Stephens WA announced the appointment of Peter Gray last week as a director in its corporate advisory team. Mr Gray, who was most recently working at RSM, has also had experience...

  9. EXCLUSIVE: Xenophon set to escalate ATO downtime fight

    that inquiry delves into the effects and impact of outages on taxpayers and tax practitioners,” he said. State of play Late last year, the ATO committed to replacing the tax agent portal and improving the general experience of accounting professionals...

  10. Reckon confirms director resignation, block share trade

    director when he had a part-time role outside of Reckon,” a Reckon spokesperson told Accountants Daily. “In June last year, Chris was given a full-time role which increased his international responsibilities. As time passed it became apparent that it...

  11. Maximising your value outside of EOFY

    use these tools to create effective and efficient solutions for our clients, but what’s next for the bookkeeper? Over the last five years especially, the term “move to advisory” has been thrown around and it’s a broad term. What does it actually mean to...

  12. ATO guideline gives clients ‘breathing space’

    years to repay certain corporate beneficiary entitlements and releasing an accompanying practical compliance guideline. Last week, the ATO released guideline PCG 2017/13, allowing trusts to refinance unpaid entitlements of corporate beneficiaries for an...

  13. MYOB finds Amazon arrival motivating SMEs

    Of the more than 1,000 Australian SMEs surveyed, 76 per cent invested in technology as a means to innovate over the last 12 months, and 78 per cent believe that advancements in technology will impact their business in the next decade. “There is no doubt...

  14. Small cap IPO market outpacing large listings

    of 2016. Mr Ohm said that it is striking that there has been an absence so far this year in very large listings. “This time last year, we had seen two companies list with a market capitalisation of around $1 billion and 11 companies list with a market...

  15. Labor calls on PM to address tax agents over ATO downtime

    on her as an SME. “The impact [of the outages] on our productivity and cash flow is quite enormous,” she said. Promises Late last year, the ATO said it was beta-testing an online system that will replicate the current tax agent portal. It was originally...

  16. CPAs lose liability cover Australia-wide

    since surfaced are also informing this process, Dr Deen Sanders, chief executive at the PSC, told Accountants Daily late last month.

  17. 'Workaholic' culture persists in accounting industry

    you and the temptation to become a workaholic is greater,” she said. These habits include being the first to arrive and the last to leave, not having any hobbies or interests, being constantly stressed, not taking lunch breaks and checking emails too...

  18. 'Too much emphasis on price' in software, accountants told

    I’m hearing a lot of vendors talking about how they're going to be cheaper than XYZ. But I would say price should be the last thing on your list,” Ms Penn said. “If you're an accountant looking at software, the amount of time and effort that you are...

  19. Numerous companies to be wound up by big 4 liquidators

    associated with Macro Group, and have been ordered by the Federal Court of Australia to wind up all associated companies. Last month ASIC applied for KPMG partners Hayden White and Matthew Woods to be appointed liquidators to 19 'special purpose...

  20. Big 4 firm ups use of 'robots' in audit division

    auditors are increasingly trying to get access to more data direct from the source to speed up the audit process. “In the last 12 months we've made significant headway in terms of getting access to data that we can use to potentially verify accounting...

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