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  1. MYOB and Stripe partnership to streamline billing process

    The update to MYOB’s billing comes after the implementation of online invoice payments for MYOB’s New Zealand customers last year, using Stripe Connect. Stripe ANZ managing director Karl Durrance said that 68 per cent of finance leaders believe that...

  2. Rein in ‘enormous’ big 4 partnerships, small firms urge

    are limited to 50 people, and legal partnerships are capped at 400. Witnesses previously told the committee during hearings last year that the model, which was outside the scope of the Corporations Act, meant the firms could operate with “absolutely no...

  3. Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’

    reflection of what this committee and the other committee and the fourth estate has uncovered.” CA ANZ amended its by-laws last year to close loopholes around prosecuting former members who breached its ethical framework. But the body's general counsel,...

  4. ‘No reason’ for gas industry’s generous anti-avoidance rules

    few technical amendments” concerning uplift rates and onshore projects were made to the PRRT rules in 2019, it was not until last year’s federal budget that the government provided a “holistic response” to the Callaghan report, said Mr Telford. In May...

  5. ATO mulls options with on-hold tax debts

    of dollars’ worth of tax debts it deemed “uneconomic to pursue” after pausing its debt awareness campaign in November last year. The Tax Office notified tax agents in October that it would be offsetting clients’ tax refunds or credits against debts on...

  6. PwC scandal goes deeper than a few bad apples, academic says

    Dr Anesa, when the advisory panel to the Board of Taxation – the body charged with advising the federal government on tax – last published a list of its members, 43 out of 48 members were current or former practitioners of advisory firms. “Don’t get me...

  7. PKF Australia adds 3 principals to its Sydney team, promotes 8 others

    presents us with the chance to acknowledge and appreciate our employees for their dedication and development throughout the last year.”

  8. Data privacy the main hurdle to the national skills passport, expert says

    with businesses, unions, tertiary institutions, governments, and individuals. The window for submissions closed last night. Among the reasons provided for the development of a skills passport was the belief that it could “be an important part of...

  9. ‘Standout’ local result propels Mazars to double-digit growth

    to help our clients stay ahead of the regulatory curve and reporting requirements.” The firm’s results follow plans revealed last year to create a new top 10 global network in June with US accounting firm Forvis. Mazars also recently announced new...

  10. Natalia Clack - Director of Easy Super, SMSF Adviser of the Year and Superannuation Specialist Accountant of the Year

    how much their future retirement is in their own hands. I am glad that the awareness of the system has grown a lot in the last ten years, and more and more younger people recognise the values of the superannuation system and the choices it provides to...

    • Type: Article
    • Author: EasySuper
    • Category: Profiles

  11. ATO taking R&D tax claims more seriously, expert says

    and development tax incentive (RDTI) scheme will have a harder time, said HLB Mann Judd consultant, Troy Smith. Late last year, the ATO published two taxpayer alerts warning against misuse of its research and development tax incentive (RDTI) scheme....

  12. Xero lands preferred supplier agreement with Mazars

    Financial Review’s Top Accounting Firms rankings. Its preferred supplier agreement is the first signed since March last year when Xero partnered with the accounting network Allinial Global. The initiative was launched in 2021, with BDO named the...

  13. Employer audits to surge, ATO warns

    activities based on our focus and other priorities,” it said. Grant Thornton partner George Bendall told Accountants Daily last week that it had only begun to receive REP requests since the end of last year. Mr Bendall said the reviews were...

  14. 1 in 5 small business owners cut own pay to survive: MYOB

    required,” Mr Robson said. “Despite rising costs being felt across the board, the research indicates businesses born in the last two years have emerged more optimistic and strong, and are feeling more positive about the year ahead.” “Building and...

  15. ACCC to prioritise complaints from business and consumer groups

    currently operate in the United Kingdom and Canada. The government released its plans for the complaints mechanism in May last year, following concerns raised by relevant advocacy groups that their complaints were treated in the same way as any other...

  16. Rising unemployment a taste of what is to come, economist says

    mid-2023,” the ABS said. The annual growth rate in hours had “slowed considerably” over the period, falling to 0.7 per cent last month. Underemployment and underutilisation both rose across January (by 0.1 per cent and 0.3 per cent, respectively),...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business

  17. Slipstream adds financial services exec to coaching roster

    members. Mr Smith’s appointment would be Slipstream’s first addition since financial planner Nina Forbes joined in July last year. It said its coaching roster included “highly credentialed” authors, business owners and mentors, selected based on their...

  18. Consumer spending bounces back after troubling year-end

    spending rose by one per cent in January or 4.7 per cent over the year leading. The gains make up for a troubling December last year, which saw overall consumer spending drop by 0.9 per cent. These and other results were unearthed in NAB’s latest...

    • Type: Article
    • Author: Nick Wilson
    • Category: Business

  19. AI, pay rates and work flexibility top issues for profession

    behaviour, exclusionary cultural issues and workplaces exhibiting a lack of psychological safety.” One strong trend from last year’s results was “alarming” rises in work-related stress and burnout, and that also came through in this study. “Poor...

  20. SMSFs ‘outperform big super funds by record margin’

    outperformed APRA funds in some financial years and this now includes 2021-22.” He said a disparity with data from the ATO last week that put the median SMSF return for 2021–22 at -1.8 per cent (against -1.0 per cent in the Adelaide study) came down to...

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