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  1. Deloitte finds Aussie CFOs more uncertain than ever

    ‘above normal’ and ‘very high’.” While it was Donald Trump’s surprise US presidential election win that characterised last year’s atmosphere of uncertainty, the new president is expected to have little short-term impact on Australia. “[CFOs] are taking...

  2. How to strengthen business in a down market

    ways you can turn a dying market into one full of opportunities for success. Reduced rents in the property market Over the last couple of years, there has been a dramatic fall in the value of real estate in most major capital cities. Bad news if you...

  3. 4 areas of focus in 2017

    understand which way firms are headed, we need to look at where they have been and what have we learned. Towards the end of last year, there was a lot of noise in the industry surrounding disgruntled Millennial accountants and their dissatisfaction with...

  4. ATO names big 4 firm in outages review

    appointed a big four accounting firm to conduct an independent review into the widespread digital outages that began late last year, as its CIO issues an apology letter. PwC has been appointed to review the widespread system outages experienced by the...

  5. Accountants told to take note of ASX changes for SME clients

    lunch earlier this week, corporate advisory partner Nicholas Guest spoke about changes to the ASX listing rules late last year and the change in approach from ASIC as the regulator of capital markets. “Last year [ASIC] released a report on the due...

  6. Mid-tier looks to expand in tech offering space

    A mid-tier accounting firm is set to roll out its own technological offerings for its clients this year and is looking to continue shifting its workplace environments to better align with cultural imperatives. CEO of Grant Thornton, Greg Keith, spoke...

  7. The changing world of small business financing

    be assessed and approved can take weeks. As a result, many SMEs miss opportunities that require fast access to funds. In the last 12 months, many alternative options to small business lending have become available for Australian SMEs, changing the way...

  8. ATO advises accountants on client data swoop

    targeted non-compliers with little chance of escaping detection. Social media was announced as a tax office target late last year, as well as private school records and immigration data.

  9. Mid-tier eyes south-east Asia expansion

    in which we are not represented, including the south island of New Zealand and in Tasmania and the Northern Territory.” Last year the network expanded into Indonesia through Jakarta-based firm Doli, Bambang, Sulistiyanto, Dadang & Ali (DBSDA). It also...

  10. MYOB head calls on accountants to lobby govt

    have been some great policies that the government have put out there to support small businesses. As I look through the last two budget cycles, small businesses have been front and centre, so in that front you would think the government would be doing...

  11. Accountants ‘forced’ to make AFSL decision

    an interview with Accountants Daily, Hayes Knight founder Greg Hayes said that since the accountants’ exemption was removed last year accountants have fallen into three groups. “There's a small number who have actively said no we don't want to be in...

  12. Accountants face ‘huge issues’ with buyers in 2017

    then pay dollar for dollar... so a million- dollar fee base they’d pay a million dollars for,” Mr Bishop said. “Over the last probably ten, 15 years, the valuation of fee base has gone down significantly, but also increasingly the younger generation,...

  13. Accounting body calls for shake-up of regulator

    before committing to its proposed industry funding model for ASIC, and suggests consideration of a co-regulation model. Last year the government announced it would introduce an industry funding model for ASIC, to commence in the second half of 2017. The...

  14. Relief in sight after ATO’s massive tech failure

    systems, such as the Tax Agent Portal and the BAS Agent Portal, is looking more promising for accounting professionals. Late last year, the ATO experienced significant issues with its online systems, resulting in major outages across its key portals for...

  15. Government called on to overhaul FBT regime

    anomalies in the FBT, including salary packaging bus travel, which was outlined in ATO class ruling CR 2016/58 in August last year. The ruling allows an employer to provide a bus travel smart card as part of a salary sacrifice arrangement for bus travel...

  16. Mid-tier ups focus on acquisitions

    to continuing with that.” Bentleys CEO Mark Chapman detailed the extent of various Bentleys firms' acquisitions over the last three years. “We've merged with one firm in Tasmania, one in Newcastle, one in Melbourne and one in Adelaide,” he said. “We...

  17. Accounting day-to-day set for further shake-up

    for a long time but because of this automation in the industry we've seen compliance work load reducing 15 per cent over the last few years and so it's not a growth area of work for accountants because of the automation that's actually reducing their...

  18. Degree qualifications not cutting it in accounting

    is much more important than someone that has all the technical capability and can follow a checklist,” he said. “The last couple of people that we're hired are people that haven't had university degrees but are absolutely passionate about small business...

  19. Graduate neglect leads to lacklustre mid-level talent

    that there is a concerning talent gap in the industry. “As an industry we've probably hurt ourselves a little bit in the last couple of years, particularly the big four and the mid-tier firms, there was a big slow down in graduate recruitment, maybe not...

  20. Treasurer makes moves to prevent 'overtax' in Australia

    the room to ensure that they don't overtax the Australian economy and drive down growth.” Mr Morrison believes that at the last election, Labor abolished their commitment to a tax-to-GDP cap despite the fact they introduced it when they were last in...

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