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  1. My surprising career in accounting started with $25k

    was $25,000 p.a., the going rate for graduate accountants at the time. I knew that hard work and experience would eventually lead to greater work opportunities, promotions and salary increases, so I’d have to say yes. When I graduated in the...

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

  2. Job satisfaction trumps pay for accountants, new report shows

    Higher salaries do not necessarily lead accountants to be happier in their jobs, with workplace environment and career development opportunities vital in job satisfaction levels, a report shows. Sydney accounting recruitment firm Richard Lloyd’s salary...

  3. Loan restrictions, housing downturn pushing business confidence down

    also found that 46 per cent of respondents indicated that they have been affected by the downturn in the housing market, leading to a pessimistic business outlook. Respondents were especially concerned about their personal finances, with 63 per cent...

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

  4. CPA seeks FASEA accreditation for prior learning

    FASEA to recognise the long hours of rigorous study that is required to gain and maintain CA membership,” financial planning lead at CA ANZ Bronny Speed previously told Accountants Daily. “Our CA program is highly aligned with FASEA’s integrated model...

  5. ‘Big awareness push’ phase underway as STP deadline approaches

    of businesses have been prompted by the ATO to get started with their Single Touch Payroll provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline. Through email and...

  6. Accounting Business Expo: How to Pick The Best Apps To Drive Your Business Advisory Service

    that accountants offer strategic advice as well as accounting. In this panel session, hosted by GoCardless’ Country Lead, Joe Robins, hear how best-in-class apps and experts provide an end-to-end solution for accountants, solving fundamental problems...

    • Type: Article
    • Author: GoCardless
    • Category: Business

  7. PwC commits to reconciliation action plan

    spend with Aboriginal and Torres Strait Islander suppliers, a commitment to run a pilot program with clients and industry leaders to support the fast-tracked growth of Aboriginal and Torres Strait Islander businesses, with plans to scale at least 50...

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

  8. TPB review called to consider skyrocketing cost of practice

    to $675, with tax (financial) advisers paying $540, and $135 for BAS agents. Mr Drum believes the accumulative costs will lead to market concentration and reduced competition, reflected by ASIC’s latest licensing and registration assessment, which...

  9. Tax agents and clients disagree over business practices: FBT review

    A majority of tax agents believe that their clients’ business practices lead to higher FBT compliance costs, despite employers suggesting the contrary, preliminary results from the Board of Taxation’s review show. Last year, the Board of Taxation...

  10. Auditor rego, AFS licences drop as industry grapples with high costs

    had earlier called for the government to reconsider ASIC’s industry funding model, saying that the high costs would lead to further market concentration, in turn pushing up prices, and discouraging new entrants into the sector. “The fees may motivate...

  11. Spike in fees for liquidators, auditors slammed

    fit for purpose, and was forcing professionals out of the market, particularly smaller players. He said the high costs would lead to further market concentration, in turn pushing up prices, and discouraging new entrants into the sector. “Who should pay...

  12. Tax credit draft ruling will encourage ‘aggressive claims’: Tax Institute

    for input tax credits for which they may not be certain they are entitled,” the Tax Institute said. “This is likely to lead to more aggressive taxpayer behaviour in some instances where some taxpayers may make claims for all possible/potential input tax...

  13. New TPB chair unveiled

    said Mr Klug. “I welcome the challenges of the role and will continue our work to protect consumers of tax services, and lead the TPB as an efficient and effective regulator of tax agents, BAS agents and tax (financial) advisers.” Mr Frydenberg also...

  14. Tax whistleblower protections now legislated

    regime, it will be an offence for a person to disclose an eligible whistleblower’s identity or information that is likely to lead to the identification of the whistleblower. Accountants receiving whistleblower information Gilbert + Tobin partner...

  15. SMSF advisers cautioned on advice fees

    perspective, however, there shouldn’t be a big problem paying for broader advice through super, especially since it should lead to an increase in overall wealth.” [email protected]

  16. ‘Particularly reprehensible’: Caps on tax affairs deduction slammed

    potentially leaving them worse off. “If the maximum deduction is limited to $3,000, we are concerned that this cap will lead taxpayers to limit their advice to a dollar amount, not what is required for them to have their tax affairs in proper order,”...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax

  17. Is the death knell upon bookkeepers in 2019?

    offshoring, BotKeeper, AI in accounting software. The one thing that differs with this service offer is that I see it as a lead generator for bookkeepers who want to deliver the magic work. One of the most significant pain points for bookkeeping...

  18. STP to cover all businesses as legislation passes

    will also be available to businesses that have no internet or have an unreliable connection. You can listen to ATO STP lead John Shepherd speak about what small businesses can expect ahead of the 1 July 2019 deadline and the range of alternative options...

  19. Residency reforms a matter of urgency

    affairs as the rules are inherently uncertain to apply, include outdated concepts and rely on a ‘weighting’ system that leads to inconsistent outcomes, which also gives rise to integrity risks; and (c) Are an increasingly prevalent area of dispute for...

  20. Funding constraints linger despite government’s regulator blasting

    the numbers don’t stack up across the board. The final report of the commission has recommended that ASIC should take the lead in enforcing all provisions in the SIS Act as a conduct regulator, and that the corporate regulator considers court action as...

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