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  1. Accountants, ATO officers honoured on the Queen’s birthday

    the Government's economic support measures to Australians during the COVID-19 pandemic”. Mr O'Halloran was the program lead for the JobKeeper and has been credited with designing a system that used existing architecture and integrated data already...

  2. ASIC highlights COVID-19 financial reporting focus areas

    about business impacts and potential uncertainties will “continue to be vital”. Disclosing uncertainties, it said, may lead to a wider range of valid judgements on asset values and other estimates. It reiterated that, while these uncertainties may vary...

  3. EY appoints chief sustainability officer

    across service lines, industry sectors and markets so that we can go to market with a whole-of -firm approach. “He will also lead EYs own internal Oceania corporate responsibility agenda.” Mr Nelson currently serves EY globally from Melbourne as climate...

  4. ‘Inevitable ATO scrutiny’: Chartered accountant denied cash flow boost

    maximum CFB, point to the scheme being for the dominant purpose of obtaining the CFB. It was almost inevitable this would lead to ATO scrutiny. “In those circumstances, even if refinancing considerations also played a part as the director asserts, I am...

  5. Sydney auditors first to face criminal charges over audit failures

    ASIC alleges EC Audit failed to conduct each of the three audits in step with the auditing standards and that, Mr Evett, as lead auditor, failed to ensure that the company’s conduct abided by the standards. The offences carry a maximum penalty of $9,000...

  6. The Access Group completes Sage Australia acquisition

    Access Group. Speaking on the merger, Mr Agiasotis said the deal would allow partners to leverage the group’s position as a leader in the space. “The union of Sage Group’s local businesses in Asia and Australia, and The Access Group’s established...

  7. Xero appoints new managing director Australia, Asia

    taking over from Trent Innes, who will step down after eight years at Xero. Mr Lyons joined the company 18 months ago to lead Xero’s global sales team. Before that, he held senior leadership roles across various sectors, including technology, financial...

  8. Deloitte appoints 70 new partners

    by the job as cause for stepping down halfway through a four-year term. “It has been a tremendous honour and privilege to lead this great firm,” Mr Deutsch said. “I am extremely proud of what we have achieved over the past two and a half years. “We have...

  9. Jirsch Sutherland joins international insolvency network

    The national insolvency firm has been appointed Asia-Pacific lead of a global insolvency network, set to benefit members by offering them easier access to cross-border insolvency specialists and business referrals. National insolvency specialists...

  10. BDO appoints new risk advisory services partner

    that stand in the way of enabling change. Matt will be a key member of that team.” Welcoming Mr Williams to the firm, BDO’s lead advisory partner in Sydney, Sebastian Stevens, touted Mr Williams’ experience in the market and described his appointment as...

  11. Mid-tier accounting and advisory network appoints new global leader

    Moore Global has appointed David Tomasi, managing partner of the network’s Australian outpost, as the network’s global leader. Mr Tomasi’s appointment was one of five announced by the global accounting and advisory network on Tuesday, as it moves to...

  12. Federal budget 2021: Old jobs, new tricks?

    policy could apply to the clean energy sector in the future is surely a missed opportunity for the government. The lack of leadership on climate change remains a concern. Across the 386 pages of the government’s Budget Strategy and Outlook document, the...

    • Type: Article
    • Author: Jo Masters and Johnathan McMenamin, EY Oceania
    • Category: Business

  13. From a soft hug to a tight squeeze: ATO tightens its grip on private and wealthy groups

    the ATO, to be able to conduct the kind of engagement that is resource-intensive, which will ultimately, in the ATO’s eyes, lead to increased transparency for these private groups.” The Top 500 represent just 0.2 of a percentage point of private groups...

  14. Business confidence hits 7-year high

    record-high of 130.3 points over the first four months of the year, even as JobKeeper drew to a close, which was expected to lead to a fall in business confidence. “The worries that many held about how the Australian economy would deal with the end of...

  15. Asset betterment: operation, obligation and onus

    in Australia. A failure by the taxpayer to call witnesses, such as their accountant/tax agent or family members, can also lead the AAT to infer that their appearance would have been detrimental to, or at least would not have assisted, the taxpayer’s...

    • Type: Article
    • Author: Robyn Jacobson, The Tax Institute
    • Category: Business

  16. Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

    senior manager of tax policy at CPA Australia. “We reject the proposition that a standard deduction would necessarily lead to a decrease in the use of tax agents, because the tax system remains quite complex,” Ms Kasapidis said. “Just because you may be...

  17. Personal insolvency regulator sends independence warning to practitioners

    relationships with accountants and lawyers acting for debtors have also been flagged as a potential situation that may lead to actual or perceived conflicts of interest. “Like most professionals working in a competitive environment, personal insolvency...

  18. Increase to CPE hours will lead to practitioner ‘haemorrhage’

    continuing professional education hours for BAS agents will be “unlikely to be achievable in practice” and will ultimately lead to practitioners leaving the industry, says one peak accounting body. Chartered Accountants Australia and New Zealand has now...

  19. Deloitte Australia reveals new chief executive

    from Australian partners as part of a formal voting process, which came after ongoing conversations with partners and global leadership. The new CEO has held a number of positions across Deloitte’s Australian, Asia-Pacific and global operations. Most...

  20. FSC pushes for financial advice reform

    the Code of Ethics is the single tool for complying with best interests duty, and is part of a move by the lobby group to lead the public policy debate on the governing and professionalisation of advice. “We are keen to hear from a wide range of...

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