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  1. ATO admits past failures

    the organisation has accomplished very little in "the portal space". “I was annoyed because everything that we had done last year to try to build relationships and get people to understand that we are in partnership seemed to be flying out the door...

  2. Cuts to working visas don’t add up for accountants

    one third moved to the UK on a permanent basis, another third moved on a two- to three-year work experience cycle and the last third on a three- to six-year development cycle. The last time a change was made to the rules allowing Australians and New...

  3. Billson calls time on political career

    "hang up the campaign R.M. Williams" and not contest the Victorian seat of Dunkley for an eighth successive term. “For the last 12 years of my 20 years as a Parliamentarian, I have been a Coalition front-bencher and for the last six years, a...

  4. ASIC already shadow shopping as deadline looms

    body noting that compliance activity is set to ramp up in 2016. Speaking at the IPA’s National Congress on the Gold Coast last week, executive general manager Vicki Stylianou warned that ASIC is treating the accountants' exemption phase-out as a “hard...

  5. ASIC unveils latest licensing numbers

    This is an increase of 16 applications since 22 October this year. ASIC has now approved 78 applications, up from 74 as of last month. However, 101 applications have also been rejected or withdrawn, an increase of nine rejections since last month. ASIC...

  6. NTAA members tipped for last-minute licensing rush

    Tax and Accountants' Association (NTAA) regarding referrals of clients for advice services, one association has tipped a last-minute rush as the end of the accountants’ exemption approaches. The Association of Independently Owned Financial Professionals...

  7. CEO jailed for false accounting

    for directing his financial controller to submit duplicated and falsely-inflated invoices. Peter Mavridis of Craigieburn was last week sentenced to four years and eight months' jail with a non-parole period of three years after being found guilty in...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  8. Flexibility the ‘key seller’ for new staff, says MYOB

    learning on the job, and tapping professionals around them for advice," Mr Raik-Allen said. "When you combine this with our last SME Snapshot finding that showed that some 78 per cent of SMEs think that you don’t need a degree to run a business, we can...

  9. Innovation in the accounting sector

    I was at the Australian Accounting Awards wearing a suit (a much scarier costume). Those that know me, will know that last time I wore a suit was at the AIM Awards in November 2014, when the event organisers insisted I wear one. The time before that was...

  10. Accountant sentenced for role in tax evasion scheme

    found guilty on two counts of defrauding the Commonwealth and two counts of dishonestly causing a loss to the Commonwealth. Last week, he was sentenced to two years’ imprisonment, to be released forthwith upon entering into recognisance of $4,000...

    • Type: Article
    • Author: Michael Masterman
    • Category: Tax

  11. Leading innovator announces merger

    Accodex, which last week was named Innovator of the Year at the Australian Accounting Awards, has announced a merger with a cloud integration specialist. Accodex has merged with Clear Business Dynamics in a move designed to build on the firm’s already...

  12. ATO concessions cut cost of employee share plans, says HLB Mann Judd

    resident, although other entities in the group can be foreign. Additionally, the employer must be incorporated within the last 10 years, and this incorporation requirement includes all other companies in the group. A further requirement is that the...

  13. 'Nothing to fear' in self-lodgement, says ATO

    tax return for the year, 1.5 million undertook the process via myTax, representing a 70 per cent increase on the same time last year. According to Mr Whyte, those taxpayers with “really straightforward” tax affairs are able to lodge their returns in as...

  14. Australia number one for cyber-security breaches: PwC

    the radar of many Australian businesses. “Encouragingly, investment in managing cyber threats has also increased, reversing last year’s slight drop in security spending,” he noted. The survey also indicated a strong focus on 'cyber-security leadership’,...

  15. Head of super announces departure from CAANZ

    the head of its superannuation division. Liz Westover has resigned from her position as head of superannuation at CAANZ. Her last day with the association will be 4 November. Ms Westover made the announcement via LinkedIn this morning, and a CAANZ...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  16. Discover why over 200 Australian Accountants & Bookkeepers registered to see this brand new App

    Promoted by Last week Accountants Daily and Digital First revealed a webinar – only offered to readers – by MyFirmsApp. It was our way of introducing a powerful App service to the Australian accountancy market. We expected a handful of pioneering...

    • Type: Article
    • Author: Content Partner
    • Category: Regulation

  17. Accounting practice values up, financial planning down

    businesses ($500,000 to $1 million in fees) have risen as a result of demand being higher than it was at the time of the last survey," Mr Birt said. "The highest demand for this price range comes from financial planning practices, or accountants heavily...

  18. Tax returns abolished, reduced compliance & the rise in ‘digital risk’

    that handles their tax returns. It's so important that 3,000 professional firms have attended our new webinars series in the last few weeks that explores this very issues - you can find out more about the Australian webinar series here Over the next...

    • Type: Article
    • Author: Content Partner
    • Category: Tax

  19. Moore Stephens loses high-profile tax specialist

    in a series of unfortunate events for the mid-tier network, which has lost its Canberra, Melbourne and Sydney offices in the last 12 months. However, the network has recently found a replacement firm in Melbourne as well as boosting its presence in...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  20. PM denies white paper ditched

    Tax White Paper. Bureaucrats at the federal Treasury, the Tax White Paper Taskforce and the Board of Taxation were last week told work on the white paper would come to a complete halt, Fairfax Media claimed yesterday. "We were told to put everything on...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Business
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