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  1. ‘Give us a fair go’: Practitioners left scratching their heads over ASIC’s latest estimated industry funding levy

    and not fit for purpose”. ASIC released its latest cost recovery implementation statement for the 2021 financial year last week which shows that costs allocated by the corporate regulator to the advice sector have soared by more than $16 million, up...

  2. CountPlus sells audit business to rival

    its business and focus resources on tax and business advisory services. The firm’s Western Australian outpost was the last CountPlus member firm to offer audit services, said newly appointed Bentleys WA managing director Fab Fanayan. “CountPlus has made...

  3. Big 4 firms signal COVID-19 vaccine programs

    the professional services industry emerge following calls from New South Wales Premier, Gladys Berejiklian, who on Thursday last week pleaded with the state’s businesses to roll out vaccine programs of their own. She urged businesses to bear in mind...

  4. Unregistered agent cops additional jail time, fine for repeated offences

    continuing to provide tax agent services despite an injunction ordering him not to do so. The Federal Court of Australia last week sentenced Kent Scott Hacker to seven months in jail and issued his company, One Stop Global Staffing Pty Ltd (OSGS), with...

  5. NSW extends commercial tenancy relief

    relief to tenants with an annual turnover less than $50 million under an extended state support scheme. The NSW government last week announced the reintroduction of national cabinet’s Mandatory Code of Conduct for Commercial Leasing, which will mandate...

  6. Financial advice reform an opportunity to reduce red tape: CA ANZ

    for the exit. Earlier this year, CA ANZ said that registry has dropped from about 20,000 members to 19,000 members over the last 15 months as a result of ASIC’s ever-increasing levy. Overall, the financial advice sector has seen adviser numbers fall to...

  7. ‘Canary in the coalmine’: Accountants fear economic downturn

    accountants surveyed reported an increase in the number of enquiries they’d received related to financial distress in the last month. Financial distress wasn’t limited to areas in lockdown, either, with 38 per cent of respondents unimpeded by lockdown...

  8. JobSaver expanded to rescue large hospitality, tourism businesses

    $75,000 and $250 million with weekly payments of up to $100,000. The changes come after NSW Premier Gladys Berejiklian last week announced an extension of the Greater Sydney lockdown to the end of September. “Given the extended Public Health Order, and...

  9. Client satisfaction a pandemic silver lining: HLB Mann Judd

    a rise in client satisfaction for accountants, who have found new ways to offer added value to their services over the last two years. The research analysed client sentiment among clients who have engaged with accountants across the HLB Mann Judd...

  10. Practical advice can help clients navigate uncertainty

    Difficult decisions Just when the worst appear to be over, COVD once again brought parts of Australia to a halt. “I thought last year was hard, but this year is harder,” says Hima. “No-one knows how long this outbreak will last, and clients who worked...

  11. Carbon Group expands in WA

    also based in Perth. The network has been on an aggressive growth streak since it launched in 2014, and has committed the last three years to establishing “hubs” in states across the country, after locking in more than 13 mergers and acquisitions in its...

  12. PwC probes ‘racist and offensive’ internal staff event

    an internal trivia event, with the firm expediting a review into the incident. The virtual trivia event, which took place last Thursday, saw one HR executive allegedly dressed up as a “bat from Wuhan” during a sketch, while another mocked Chinese...

  13. Small-business job growth tumbles to 10-month low

    in August, it was yet another tough month for small businesses as jobs growth slowed to its lowest result since October last year,” Mr Lyons said. “The Xero Small Business Insights data does provide some green shoots of hope, with an increase in sales...

  14. Dominic Perrottet becomes new NSW Premier

    defeating the Minister for Planning and Public Spaces, Rob Stokes, following former premier Gladys Berejiklian’s resignation last Friday, after the Independent Commission Against Corruption (ICAC) announced that it will move to investigate her...

  15. Perrottet sets his sights on GST, property tax in early hours of leadership

    defeating the Minister for Planning and Public Spaces, Rob Stokes, following former premier Gladys Berejiklian’s resignation last Friday (1 October), after the Independent Commission Against Corruption (ICAC) announced that it will move to investigate...

  16. Government locks in director ID deadline

    2023. The deadline, first floated by Treasury earlier this year, has now been confirmed in a legislative instrument made last week by the Minister for Superannuation, Financial Services and the Digital Economy, senator Jane Hume. Applications for a...

  17. Accountants cautious over office return as states reopen

    imposing a full-time office return on staff. Law firm Gilbert & Tobin’s chief operating officer, Sam Nickless, told the AFR last week that staff would be able to return to the office once 80 per cent of the over-16 population in NSW is fully vaccinated,...

  18. Treasury finds $27bn in JobKeeper paid to ineligible businesses

    of developments that have fuelled calls for the publication of JobKeeper “profiteers”, after the ATO told a Senate inquiry last month that it had let businesses off the hook for more than $180 million in misfired JobKeeper payments. Tax Commissioner...

  19. NSW doubles down on alfresco dining with $66m stimulus

    land with the owner’s consent, along with $5,000 grants for hospitality businesses looking to set up alfresco services. The last of the initiatives will see permanent outdoor dining offered as an exempt development for pubs and small bars across the...

  20. 4 in 5 Victorian business owners confident ahead of ‘Freedom Friday’

    the majority of business owners are feeling confident about the state economy’s future. Westpac research, released late last week, has revealed nearly four in five Victorian small-business leaders are feeling confident, believing the economy will...

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