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  1. ‘Broken’ advice system needs accountants to fill gap

    clients want simple, strategic superannuation advice from their trusted adviser – their accountant,” said CA ANZ advocacy lead Simon Grant. “We believe there is, and will continue to be, a need for trusted advisers to look after the financial advice...

  2. BGL appoints Simple Fund 360 connected services manager

    Mr Lesh. “Chin has been a valued and talented member of the BGL team for nine years and we could not be prouder to see her lead BGL’s connected services team into the future.” Ms Tea is a qualified CPA and has worked a variety of positions at BGL,...

  3. 100A blue zone could be scrapped, says ATO

    and the reasons for those, because that will help them in the event that there’s a review and, hopefully, will quickly lead to a resolution of that review.”

  4. RBA responding to out-of-date number, says CPA Australia

    constraints) they are nonetheless forcing businesses to increase prices. “As these feed into wage demands it can quickly lead to a sustained inflationary cycle something that the Australian economy has not experienced for some time. “As all levels of...

  5. Desperate for staff? Inspire, develop… and reward when you can

    a strong employee experience that will help your practice attract and retain staff, regardless of size. Be an inspiring leader There’s nothing more motivating than a boss you believe in and that believes in you. A boss who can communicate the vision of...

  6. ATO promises 12-day turnaround on error-free returns

    But common mistakes will lead to longer processing times, it says. The ATO has pledged to process most electronically lodged tax returns within 12 business days, but said delays are being caused by common mistakes. Tax agents and their clients needed...

  7. Come clean on risks in annual reports, ASIC warns

    financial report, and disclosures in the financial report and Operating and Financial Review. It said uncertainties could lead to a wider range of valid judgements on asset values and other estimates, and financial report disclosures about key...

  8. Grant Thornton appoints two partners in forensic consulting  

    civil and criminal investigations in both the public and private sectors. “My investigation experience has included leading large teams on complex forensic accounting matters involving the analysis of large volumes of electronic data, reconstruction of...

  9. BGL appoints head of Ecosystem

    positioned to step up. “Brad has been a valued and talented member of the BGL team for 12 years and is perfectly suited to lead BGL’s Ecosystem team into the future,” he said. “Brad and his team were responsible for adding more than 250 data feeds,...

  10. ‘Aggressive’ 100A audits prompted calls for guidance  

    there’s going to be a sense in which the parties are going to be feeling each other out jockeying through litigation or the lead up to litigation. “The problem with that, philosophically, logically, is [where] you are then required to prove a negative....

  11. $15bn of tax gap down to simple errors, says ATO

    A “goldilocks” approach to advice would help iron out the mistakes that lead to shortfall. Poor advice and simple errors are responsible for much of the $15 billion small-business tax gap, ATO second commissioner Jeremy Hirschhorn said. He said the...

  12. ATO debt call centre ‘unfit for purpose’

    Routine verification checks for many who deal with the ATO constantly tie up hours of lawyers and tax agents’ time but lead nowhere when the amount exceeds the threshold. “I do not believe the ATO call centre is working properly in relation to...

  13. Accountants lament lack of tax reform ambition

    them, such as climate change, sustainability reporting, and implementing a federal integrity commission,” she said. The tax lead at CA ANZ, Michael Croker, said accountants would be able to help advise on one of Labor’s key election policies. “CA ANZ...

  14. CountPlus appoints CEO and CFO

    executive and Laurent Toussaint as chief financial and operating officer. The company said Mr Humphrey’s appointment would lead the company into its next growth stage, starting in July. Chairman Ray Kellerman said the appointment would ensure that...

  15. BDO appoints specialist employment tax partner

    Melbourne, Ms Merlino joins BDO from PwC where she was director of financial advisory and employment taxes. BDO’s Melbourne lead partner for people advisory, Ben Renshaw, said Ms Merlino would add strength and depth to the firm’s people advisory...

  16. Warning shot frightens directors into action on debt

    21 days. This is the only way to prevent the ATO from pursuing the directors’ personal liability for the debt, which can lead to personal bankruptcy,” Mr Jacobs said. “Secondly, there is now no difference between lockdown and non-lockdown DPNs, because...

  17. Grant Thornton appoints financial advisory partner

    Prior to returning to Australia in April 2022, Mr Bogue led the Capital Markets practice at KPMG in Singapore providing lead financial advisory and independent financial advisory services to mid-cap companies, and more recently was also involved in...

  18. The key to going digital: Keep it simple

    according to MYOB’s Closing the Digital Gap paper last year. It found that increasing digital adoption among SMEs could lead to a 1.8 per cent increase in the sector’s contribution to GDP, equivalent to a $10.5 billion gain for the Australian economy....

  19. Zombie firms ‘will lead march to insolvency’

    A wave of wind-ups is about to hit after two years of limbo, says Insolvency Australia. Insolvencies will strike Australia in the second half of the year led by zombie companies and businesses that have exhausted their cash reserves, said one...

    • Type: Article
    • Author: Lorena Biasotti
    • Category: Business

  20. ATO pursues $850m in fraudulent GST claims

    seeking an unearned refund.” Mr Day said deliberate attempts to defraud the ATO or a refusal to organise repayments would lead to tougher actions, including criminal sanctions. The ATO said anyone who had engaged in the fraud should call the ATO’s...

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