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  1. Accountants' licensing lag 'disruptive' to SMSF sector

    Accountants who leave their SMSF licensing decision to the last minute could see an advice gap form in the SMSF sector, according to AMP. The slow take-up of the limited licensing regime for accountants is persisting as a “big issue” in the SMSF...

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

  2. SMEs wary of outside advice

    for them,” Mr Langham said. The index also found SMEs are less optimistic about revenue growth compared with September last year. The average growth rate being forecast dropped significantly - to 6.7 per cent from 8.6 per cent - from the growth forecast...

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

  3. CAANZ latest to criticise ATO's Single Touch Payroll

    will hurt business’ cash flow. CAANZ's criticisim follows similar comments made by the Institute of Public Accountants last week. In a submission on the ATO’s Single Touch Payroll Discussion Paper, CAANZ said it supports the policy objectives of the...

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

  4. The future is bright for accountants and bookkeepers

    Looking back on the Year of the Horse last year, it’s clear that 2014 should have in fact been called the Year of the Cloud. The bounds of cloud technology were pushed in all directions by businesses in almost every industry — with one of the biggest...

  5. KPMG warns of uncertainty in company tax rate

    (PPL) levy applied to companies earning more than $5 million in taxable income. However, with the government announcing last month that the PPL scheme would no longer proceed, KPMG tax partner Alia Lum has said there is now uncertainty over whether the...

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

  6. EY tips increase in divestment

    growth plans, with two thirds of companies seeing an increased valuation multiple in the remaining business after their last asset sale," Mr Lomas said. “Boards need absolute clarity on their growth strategy and they need to properly assess whether they...

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

  7. Wealth firm hires from PwC, CBA

    firm has announced two key appointments, with the recruits coming from PwC and CBA. Koda Capital, which was established late last year by former CEO of JBWere, Paul Heath, and former CEO of MLC and NAB Wealth, Steve Tucker, has recruited Ben Andreou...

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

  8. Countplus launches new accounting business

    able to acquire direct equity in their businesses. Barry McGee has been appointed Blue789 chief executive. Countplus Limited last week reported a half-year consolidated net profit before tax result of $8.73 million (down 7.4 per cent) and a net profit...

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

  9. Govt flags independence in handling of tax disputes

    is consistent with the positive litigation outcomes for taxpayers highlighted in the inspector-general’s report over the last seven years,” Mr De Zilva said. “The report notes that 83.5 per cent of AAT cases and 77.1 per cent of Federal Court cases have...

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

  10. MYOB announces massive growth, flags new accountants' portal

    Tim Reed said he was pleased with the result and described the transformation delivered in the MYOB business over the last three years as an outstanding achievement. “I am immensely proud of what has been accomplished in a short period. We continue to...

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

  11. Accountants need to move on licensing now, says ASIC

    know whether that will turn about to be the case, but if it is, well we’ve received about one per cent,” Mr Kell said. “The last figure that I’ve been provided with was 105 applications. We’ve approved 44, some are currently being assessed but quite a...

  12. Lawyer outlines accountants' outsourcing obligations

    the law requires the client to be informed to which countries their information will be sent. This rule came into force last year with the implementation of the Australian Privacy Principles, which replaced the National Privacy Principles, Ms Thorne...

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

  13. ATO hands down unusual penalty

    for failure to lodge, following up outstanding cases. However, the ATO prefers to leave prosecution as a measure of last resort, and would rather engage with trustees in an effort to help them meet their obligations, the spokesperson said. Also speaking...

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

  14. Reckon announces solid growth

    Reckon achieved 10 per cent EBITDA growth last year, while total revenue cracked the $100 million mark for the first time. Revenue reached $100.8 million for the year, a 3 per cent increase from 2013. Chief executive Clive Rabie said the results...

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

  15. Tax white paper 'very likely' delayed indefinitely

    delayed the release until its second term (assuming it is re-elected). “I think everything that has happened over the last month and particularly the last week probably indicates that this government is going to be very risk-averse for the remainder of...

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

  16. HLB Mann Judd weighs in on SMSF minimum balance

    SMSF balance of less than $200,000 increasingly “feasible”, according to HLB Mann Judd. Speaking at a function in Sydney last week, HLB Mann Judd’s director for superannuation, Andrew Yee, said the minimum advisable amount needed to establish an SMSF is...

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

  17. ShineWing flags major expansion across Australia

    is planning to open offices around the country following the recent Moore Stephens Melbourne / ShineWing merger. As reported last year in AccountantsDaily, Moore Stephens' Melbourne office recently merged with the Chinese giant's local operation,...

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

  18. Private sector bureaucracy costing business more, says Deloitte

    for a rule’, often without weighing the costs and benefits of doing so, and the cost of government rules has risen since the last time the Productivity Commission added them up," Mr Richardson said. Matt Saines, national leader of Controls...

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

  19. MYOB launches new cloud-based product

    ERP system,” he said. The product is based on the Acumatica cloud solution developed for the US market. Late last year, MYOB announced it had taken a minority stake in Acumatica and taken a seat on the company’s board. Amazon Web Services has been...

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

  20. Pepper calls on accountants and brokers to embrace relationship

    has become increasingly prevalent in recent years, something Mr Rehayem considers mutually beneficial. In October last year, national accounting group Chan & Naylor announced a joint venture with brokerage Origin Finance. Chan & Naylor Finance now...

    • Type: Article
    • Author: James Mitchell
    • Category: Business
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