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  1. Deadline for wealthy clients on the horizon

    which exceeded the transfer balance cap on 1 July by $100,000 or less will need to be rectified by 31 December 2017. In the lead up to 30 June 2017 this year, the ATO provided super funds with transitional relief so that if the fund was above the $1.6...

  2. PwC auditor cancels rego amid ASIC dispute

    auditor after his retirement, which follows a dispute between the two parties. PwC partner Stephen James Bourke was the lead auditor for the audit of the financial report of Vocation Limited for the year ended 30 June 2014. The big four firm was named...

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

  3. Women wrong targets to fix accounting ‘boys club’

    precious attention” in focusing on women to fix gender disparities in the workplace, and should instead be focused on male leaders. Speaking at the Tax Institute’s Women in Tax National Congress 2017, leading commentator on women and the workforce,...

  4. Mid-tier fears tax, compliance laws driving clients offshore

    involved the G20 and the Organisation for Economic Co-operation and Development (OECD). Furthermore, this legislation may lead to double taxation of corporate profits. “Australia has committed to accepting binding mandatory arbitration for the...

  5. High-profile CA to spearhead government’s new taskforce

    taskforce to move Australian small businesses into the digital economy, appointing a prominent Australian accountant to lead its rollout. The executive chair of Yellow Brick Road and fellow of the Institute of Chartered Accountants in Australia and New...

  6. Big four firm tips ‘natural appetite’ for more regulation

    exist and more will emerge, focused on scoping assurance on the things that consistently matter in company reports.” KPMG lead partner, better business reporting, Nick Ridehalgh said that while Australia were lagging behind other major capital markets...

  7. What employers look for

    personal and professional networks. Problem-solving. Accurately identify issues and apply rational thought processes that lead to practical solutions. Client service. Demonstrate empathy and understand clients’ personal, professional and commercial...

    • Type: Article
    • Author: The Tax Institute
    • Category: Business

  8. Banking, super exec joins big four firm

    Former head of group strategy and planning at AustralianSuper has joined a big four firm in a leadership role to create deeper ties with Australia’s wealth management sector. Rohit Mendiratta has been appointed to lead KPMG’s asset and wealth...

  9. Accounting software exec applauds latest ATO move

    of things like pension commutations is out-of-step with the rest of the superannuation community, which will no doubt lead to incorrect assessments being issued by the ATO,” Mr Burgess told sister title SMSF Adviser. “I can envisage situations where an...

  10. Being a woman in small business: my story

    Since I entered the tech start-up space, I’ve become increasingly more aware of the impact being a woman has on how business leaders perceive and treat you. My start-up Vollie has a 50 per cent gender split across its founding members and is run by...

  11. ‘Flipside’ of China opportunity a caution for Aussie accountants

    real challenges for businesses who are not accustomed to China’s demographics, culture and complex bureaucracy; which can lead to less than desirable outcomes. “In addition to cultural differences, businesses are faced with the challenge of effectively...

  12. Working with advisers - 5 tips for effective collaboration

    and advisers slightly, they are still different. Not knowing where your role starts and ends will blur the boundaries, could lead to potential turf wars and creates unnecessary confusion for the client. Clarifying what each of you is responsible for...

    • Type: Article
    • Author: BT Financial Group
    • Category: Business

  13. Software, fintech firms team up for advisers, accountants

    for several major licensees (soon to be announced), and we expect more financial planning practices to follow the lead of combining our two solutions to develop cutting edge, streamlined advice.” Chief executive of PractiFI, Glenn Elliott also welcomed...

  14. New service line, competitor hire for mid-tier

    banking. “Nick recognises the change in the market from formal insolvency to restructuring,” said Andrew Fielding, national lead, business restructuring, at BDO. “Lenders, borrowers, businesses and directors are actively looking for ways to improve...

  15. New Corps Act reform an industry, taxpayer win

    to sanction directors and company officers with a track record of insolvencies where FEG is repeatedly relied upon. National lead for BDO’s business restructuring division, Andrew Fielding welcomed the news. “The proposed changes announced [yesterday],...

  16. SMEs mental health support gets a boost

    Deborah Jenkins, said the tax office is aware of the “enormous” pressure facing Australian small business owners, in the lead up to World Mental Health Day on 10 October. More than one in five Australians experience some sort of mental health condition,...

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

  17. Paperwork bungles lead to $38K in payments

    Back office and paperwork bungles have seen several workers given $38,000 in unpaid wages and entitlements, as the regulator sounds alarm bells on its monitoring of “the intricacies of our workplace laws.” The workers were based in the Newcastle and...

  18. Calls for mandatory SMSF qualifications post-reform

    sort of qualification would be really beneficial from that perspective.” Partner at Aquila Super, Chris Levy, said the lead up to June 30 this year was easily one of the busiest on record for his firm, largely because of the complexity of the super...

  19. Male accounting execs facing leave stigma

    for. While we were already quite flexible with the use of leave, part time work and working from home, I am trying to lead by example at Accodex,” Mr Hooper said. “I take baby Lincoln into the office a few times a week and I'm encouraging the other...

  20. Common hurdles for accountants looking to expand

    down’ that we have to let go – if we want to move forward. Not having a systematic referral system. A referral strategy is a lead strategy, it’s a customer service strategy, it’s a process strategy, it’s a competitive strategy, it’s a management...

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