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  1. Politics obstructing GST reform

    winning elections to undertake long-term reforms such as a rethinking of the GST. “Tax reform hasn’t got very far over the last 10 years because it’s caught up in the political cycle,” he said. Mr Greco suggested handing the responsibility of tax reform...

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

  2. Cash flow issues hitting SMEs

    that businesses were forced to wait an average of 56 days for payment in the first quarter of 2014, compared with 53 in the last quarter of 2013. Scottish Pacific chief executive Peter Langham said delayed payments can inhibit the ability of SMEs to...

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

  3. Insolvencies set to spike

    a fall of 21.1 per cent in companies entering formal insolvency appointments in the first quarter of 2014 compared to the last quarter of 2013. Neil Cribb, national head turnaround and insolvency group at RSM Bird Cameron said the firm does not believe...

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

  4. NSW budget shows widening fiscal gap

    investment. “This is the preferred growth model that appears to be favoured federally as well, and the initiatives over the last two years in NSW show the model is effective in delivering positive outcomes for taxpayers,” he said. “Strong fiscal...

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

  5. Deloitte adds Canberra consultancy

    business transformation capability and will further boost the 10 partners we have added to our Canberra practice over the last year.” “We now have 24 partners and 163 people across our Barton and Brindabella offices,” she said. Analytics Group partners...

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

  6. Socceroos kicking goals for accountants

    clients so everyone wins,” Ms Maury said. Intuit has made a concerted effort to boost its presence in Australia over the last 12 months, expanding its team on the ground and investing heavily in sales, marketing, product and customer care, according to...

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

  7. SuperStream delay causes ATO concern

    “It is important trustees get in place the arrangements sooner rather than later and certainly don't leave it until the last minute,” Mr Hind said. “They are likely to run into problems with getting it completed on time, or not being able to implement...

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

  8. Leading firm announces 93 new partners

    to the 37 experienced lateral hires, including an additional seven female partners who have joined the partnership in the last 12 months. Giam Swiegers, Deloitte’s chief executive, said he was pleased to see females feature strongly in this year’s round...

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

  9. Top EOFY mistakes revealed

    year's results 2. Not keeping accounts and records up to date throughout the year (58 per cent) - down from 62 per cent last year 3. No contact with their accountant over the financial year (58 per cent) - up from 42 per cent last year 4. Does not...

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

  10. Specialist SMSF business unit announced

    as well as borrowing requirements of our clients,” Chan & Naylor said in a statement. After partnership growth over the last 24 months, Chan & Naylor is also looking to grow its business through new joint venture partnerships (JVPs) and ‘tuck-in’...

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

  11. Consumer sentiment 'disappointing'

    “The initial response to a Budget can sometimes be an overreaction that reverses in following months. For example, last year’s Budget showed a similar immediate reaction with the index falling seven per cent in May, with sentiment regaining more than...

  12. Purse strings tighten for accountants

    focus on performance reporting, efficiencies and cost control,” she said. Salaries were stable in professional practice last year, with a number of firms giving only the minimal annual increase, Ms Roeder said. “Candidate movement was seen in the big...

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

  13. Red-tape savings passes the House

    Representatives. The federal government successfully passed the Paid Parental Leave Amendment 2014 through the Lower House last night. The minister for small business, Bruce Billson, said if passed by the Senate, the legislation will mean business will...

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

  14. ATO to scrutinise SMSFs

    from July this year, will give the ATO the ability to fine SMSF trustees who fail to meet their regulatory obligations. Last year, 18,000 SMSF contraventions were lodged with the ATO, of which approximately half could have incurred penalties based on...

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

  15. Government must cut compliance costs: William Buck

    has called on the government to accelerate tax and regulatory reform saying that despite making it clear during last year's election that it would target regulation and red tape, the Abbott government has taken little action of any significance to cut...

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

  16. Reforms needed to relieve burden on states

    PwC has called for major tax reform to relieve the increased debt burden placed on the states by last week’s federal Budget. Releasing PwC’s analysis of the Budget, PwC partner Paul Abbey said reforms are required to decrease the ballooning debt of...

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

  17. A hot property market provides a great opportunity

    The property market has dominated media coverage over the last year, as a low interest rate environment attracted thousands of new and repeat investors to the asset class. Accountants across the country will be looking at ways to strengthen their...

  18. NZ Budget shows the way

    great strides it has made in achieving a strong economic recovery,” Mr White said. “By turning around its deficits of the last six years, New Zealand can now spend more money on big ticket issues like research and development, and welfare measures such...

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

  19. Have you got the right skills for the job?

    Group of recruitment companies indicated the oversupply of accountants in Australia has doubled to around 1,600 since June last year, something Mr Batty said could be due to a mismatch of skill sets. “It could well be that the people in oversupply,...

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

  20. Corporate regulator's funding slashed

    The government's decision to withdraw $120 million in funding to ASIC over the next five years could have significant implications for accountants, with possible changes to the funding model around financial services licensing already being touted. In...

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