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  1. ATO handed more power with new DPT laws

    to implement the new Diverted Profits Tax (DPT) will shift the power bar further towards the ATO, according to one mid-tier. Last week the federal government introduced legislation to implement the new DPT. BDO tax partner, Mark Molesworth, said the...

  2. Interim boss confirmed for accounting network

    Count Financial has named its acting chief executive, as the hunt begins for David Lane’s replacement. Late last week, Australian fund manager Perpetual announced that, from April this year, Mr Lane will be joining the ranks as group executive,...

  3. Submissions now open for the Australian Accounting Awards

    head of partnerships at Accountants Daily, believes this will be another record-breaking year for submissions. “Over the last four years we have been inundated with high-quality submissions, and award recipients represented a great cross-section of the...

  4. Government tipped to ignore tax reform commitments

    to introduce a tax white paper. “[The government] needs courage and I’m not sure they’re going to do it. They promised it last time and it didn’t follow through,” Mr Ward said.

  5. Software provider eyes big business with new payroll tool

    to continue, and we’re really pleased to accommodate that and work for our clients around it.” Mr Bircher said that in the last two years there has been a vast shift from clients using server-based systems to cloud-based solutions. The availability of...

  6. Accountants' marketing strategies in line for shake-up

    it right to start with, but said it’s never too late to change your approach. “That's something we made a huge mistake on last year and something that we're actually correcting this year. It’s about the clients, not about you or the firm,” he said....

  7. 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...

  8. 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...

  9. 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...

  10. 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...

  11. 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...

  12. 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...

  13. 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...

  14. 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.

  15. 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...

  16. 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...

  17. 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...

  18. 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,...

  19. 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...

  20. 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...

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