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  1. Deloitte appoints new audit lead

    Deloitte has announced the internal appointment of a new audit and assurance leader. Joanne Gorton has now been appointed as managing partner of Deloitte’s audit and assurance division. Ms Gorton, who has been with Deloitte since 2016 and was...

  2. 6 Practical Steps to Writing Realistic Position Descriptions for Accountants

    the previous employee Tasks to be removed or added if any of the work will be transferred within the business Supervisory or lead responsibility Budget responsibility (if any) Work hours Is there still a requirement for this role at all? Get the full...

  3. Former big four partner warns of incoming COVID-19 tax disputes

    partner Howard Rapke said Ms Williamson’s appointment would bolster the firm’s initiatives in deploying specialist teams to lead the response to regulators. “Sue is renowned for her ability to translate complex issues and apply technical and strategic...

  4. ‘We’re in the people business’: Accountants lead mental health charge

    Mental health support for accounting professionals and their clients will be critical as they deal with the ongoing pandemic and the ensuing economic downturn, says one professional accounting body. Institute of Public Accountants chief executive...

  5. Accountants Daily Strategy Week Day 2 wrap-up: Prioritising mental health and self-care

    a post-pandemic landscape. Day 2 of the Accountants Daily Strategy Week saw Tax Institute senior advocate Robyn Jacobson lead a roundup of timely tax issues, including the finer points of the JobKeeper extension, the end of the superannuation guarantee...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  6. US-style debtor-led bankruptcy arrangement risky, government warned

    and investment policy manager Gavan Ord believes undertaking such major reform without appropriate consultation could lead to a number of adverse outcomes for businesses and creditors. “The consequences of such changes would need to be carefully...

  7. The Tax Institute appoints new tax counsel

    tax profession. “Julie is highly credentialed and has been recognised among her peers and throughout the profession for her leadership and excellence in tax,” Mr Mills said. “As the Tax Institute takes the lead on not only guiding practitioners through...

  8. TPB-ATO independence in the firing line as terminations spike

    High-risk practitioners, including those with outstanding personal tax obligations, have long been on the TPB’s radar, leading to a 129 per cent spike in practitioner terminations in the 12 months to 30 June. While the regulator has not provided a...

  9. Surprise audits recover $430,000 for Geelong workers

    non-compliance and may face legal proceedings. Other non-compliant businesses were advised that future breaches will likely lead to enforcement action. Fair Work Ombudsman Sandra Parker said the low rate of compliance was disappointing. “The level of...

  10. TPB secures data-sharing deal with BAS agent association

    director Peter Thorp said the spirit in which the MOU had been agreed on would be beneficial for both parties. “The MOU will lead to greater co-operation, better communication and more streamlined procedural dealings between the ABA and the TPB,” Mr...

  11. High Court rules in favour of employers on personal leave accruals

    on companies, and also created a disparity in entitlements for part-time employees, and a level of complexity that could lead to employers re-considering flexible working arrangements. “We are pleased to see that the historical understanding of personal...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  12. Former financial adviser’s ‘Ponzi scheme’ ends with 6-year jail term

    Wealth Pty Ltd, to six years’ imprisonment, to be eligible for parole after serving four years. Mr Miller had earlier pleaded guilty to six counts of engaging in dishonest conduct in the course of carrying on a financial services business between July...

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

  13. COVID-19 trading conditions could lead to more TPAR businesses: ATO

    light on payments to contractors and ensure a level playing field, with its work in the building and construction industry leading to a $56 million reduction in amounts paid to subcontractors without a valid ABN from 2016–2017 to 2018–2019 financial...

  14. Navigate change with these 5-steps to achieving best practice payroll

    a good time to review your payroll processes and ensure you’re equipped to manage change and stay compliant. Never have leaders of HR and finance functions been forced to juggle as many responsibilities as they have right now, and there’s no sign of...

    • Type: Article
    • Author: ADP Australia and New Zealand
    • Category: Regulation

  15. Accounting profession waits on JobKeeper 2.0 guidance

    test for each of the June, September and December 2020 quarters. Chartered Accountants Australia and New Zealand tax leader Michael Croker said that while the extension was welcomed, accountants would need further details around the eligibility criteria...

  16. ASBFEO calls for accountant advice for struggling businesses

    “If the small-business owner, with the approval of a registered liquidator, could restructure their affairs, it would likely lead to more positive outcomes, including a greater return to creditors.” Ms Carnell has also called for the cost of insolvency...

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

  17. Surge in SMSF establishments raises alarm for ATO

    A double-digit surge in self-managed superannuation fund registrations during the peak of the COVID-19 crisis will lead the ATO to scrutinise newly established funds for signs of illegal early release. ATO acting assistant commissioner, SMSF segment,...

  18. Accountants lead mass adviser exit as FY20 wraps up

    More than 300 advisers left the industry in just one week leading up to the end of the 2019–20 financial year, with the exodus led by accountants and contributing to flat growth for most dealer groups. According to data from Adviser Ratings, 354...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Business

  19. Reporting: Less pain, more gain

    Financial reporting can sometimes feel like a necessary evil, but during times of economic upheaval, reporting gives finance leaders the visibility into operations they need. This insight helps them make the right decisions at the right time and avoid...

    • Type: Article
    • Author: Jason Toshack, Oracle NetSuite
    • Category: Business

  20. IPA joins forces with bookkeeping association

    continue to be preserved, with operational autonomy across both brands. AAT chief executive Rochelle Park will continue to lead the AAT as part of the IPA Group and will assume a role within the Group Executive team of the IPA. The integration will see...

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