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  1. Popular tax incentive on shaky ground, lawyer says

    how much.” IPA’s senior tax adviser, Tony Greco, said the government’s promise to return the budget to surplus in 2021 would lead to a raft of “corner cutting” measures that would not cost them votes, leaving the R&D scheme open for tinkering. “My...

  2. Big 4 deems new accounting standard counterintuitive

    affect how Australian insurers report profitability and their financial position. KPMG’s Asia-Pacific insurance accounting leader, Scott Guse, told Accountants Daily that while the standard will help achieve consistency worldwide, Australian insurers...

  3. Global accounting network elects new CEO

    January 2018 for a five-year term, replacing current CEO Ed Nusbaum who will retire at the end of 2017 after eight years of leadership. Mr Bodin, who was the CEO of Grant Thornton Sweden for 16 years and spent five years as chairman of the GTIL board,...

  4. Software boss announces partnership with accounting body

    The myprosperity portal also has functionality that is advantageous to accountants, including digital document signing, lead generation, uploading documents and receipts, and tagging tax items. “Having seen myprosperity in detail, I am convinced that it...

  5. Budget misses compromise payments, tax efficiency

    the brakes on creating an efficient and productive tax system, and leave a crucial small business issue outstanding. In the lead up to this year’s federal budget, representative bodies and the business community alike again called on the government to...

  6. IPA 'disappointed' with govt's missed tax opportunity

    the government have support for. The first was recommendation 3.2 that governments should fully and promptly implement the leading practices and recommendations from the commission’s previous reports on business regulation. “It’s great the government...

  7. Budget set to dodge growing tax issue

    favourably taxed passive income can reduce the Australian tax paid by investors and may distort investment decisions and lead to reduced economic efficiency. Mr Morrison said the government is “taking steps to eliminate this practice”, with Treasury...

  8. ASX-listed firm names CA, CPA in exec ranks

    founded by Bryam Johnston and Martin Smith in 2006. The firm’s board yesterday announced two significant changes to its leadership. Mr Johnston, who is a fellow of the Institute of Chartered Accountants, has stepped down from the role of CEO to solely...

  9. ATO set for increased audits, debt crackdown

    take on the increased number of audits for inbound funding arrangements in the very near future,” said Zara Ritchie, global lead, transfer pricing, BDO. “The loss of the appeal and the case as a whole highlight the Australian courts’ view that the arm’s...

  10. 3 tips to manage your credit score

    high interest options you will maximise the chances of maintaining a good credit score. Too many business loan declines may lead to inability to access financing The more credit applications you get refused for and the more credit applications you...

    • Type: Article
    • Author: Tino Ho from Bigstone
    • Category: Regulation

  11. Aussie arm of NZ-based accounting firm closes

    The Australian operations of an accounting and advisory firm, which was originally led in part by one of Xero’s co-founders, has today confirmed its closure. Chief executive of RightWay, Greg Sheehan, confirmed to Accountants Daily that the firm will...

  12. Small business ombudsman to undergo review

    creation, this process will help ensure that support is targeted in the right places.” The review team will be chaired by a lead reviewer, Su McCluskey, assisted by a secretariat, and is required to be completed by no later than 30 June 2017. A...

  13. Why smarter content can lead to a smarter practice

    and commentary is only one click away. Be confident in the knowledge that content comes first with CCH iKnow and its leading team of tax writers. Try CCH iKnow today https://www.iknow.cch.com.au/home

    • Type: Article
    • Author: Content Partner
    • Category: Business

  14. Marketing no longer optional, accountants told

    as firms move towards new firm models, they're going to have to start putting in a bit more effort in terms of working on lead generation and building their referral network.” Firstly, Mr Kelly said that marketing must be consistent with the accounting...

  15. Independent firm snares big 4, mid-tier execs

    experience in advising clients and providing objective analysis of transactions in major commercial disputes. He will lead McGrathNicol’s Australian dispute advisory practice. Mr Fressl has 18 years of experience specialising in transactions,...

  16. Mid-tier issues reminder on contentious CGT relief

    BDO has warned that the moving of assets above $1.6 million from pension phase to accumulation phase after 30 June 2017 will lead to earnings, including capital gains, on those assets in accumulation phase attracting tax at 15 per cent and generally 10...

  17. Accounting tops Aussie list for salary bias

    and insurance services sector, including accounting, has the highest gender pay gap, as well as low numbers of women in leadership roles. Yesterday Bankwest Curtin Economics Centre (BCEC), in collaboration with the Workplace Gender Equality Agency...

  18. Grant Thornton launches new division, eyes mid-size business market

    said. Chief executive of Grant Thornton, Greg Keith, is buoyed by the latest move. “We’re delighted to welcome Daniel to lead our Debt Advisory service, ensuring mid-size businesses have access to independent advice in obtaining the best debt funding...

  19. Accountants told to up their game on cyber security

    a security product doesn’t make a business safe. The underlying business environment needs to be secure. Poor foundations lead to poor security,” Mr Shatter said. He noted three key things businesses, including accounting firms, must do to protect...

  20. Limited AFS License application catch 22

    breaches relating to AFSL holders acting outside the scope of their authorisations. Breaches of this nature will generally lead to the suspension or cancellation of the AFSL. Limited AFSL holders should conduct comprehensive training for employees to...

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