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  1. Tax Institute appoints Todd Want as 2024 president

    Institute has appointed Todd Want, head of tax at William Buck, as president for 2024 following his term as vice president last year. Mr Want had sat on the institute’s national council, NSW professional development committee and state council for...

  2. Jones lauds anti-scam response after losses drop 60%

    were down 60 per cent between 1-7 January 2024 and were also down “across the board” since the NASC commenced work in July last year within the ACCC. He referred to findings from the NASC’s first quarterly report in November which showed losses fell by...

  3. Man sentenced for buying stolen data from criminal website

    of the crime and cited significant disruptions to Melbourne courts after a recent cyber attack. Police investigated the man last year after he was found to be using an invite-only website – known as Genesis Market – which sold login credentials,...

  4. Dwindling demand sinks growth expectations

    40 per cent of business leaders surveyed by Ai Group said demand constraints were their primary concern, up 20 per cent from last year, followed by cost pressures at 34 per cent (down from 46 per cent). “Uncertainty, ongoing supply-side constraints and...

  5. Kylie Thompson – The Rock and Roll Accountant

    Theatre, Gallery Exhibitions, Musicals. I started dealing with my first musicians during this period. When I commenced my last external Senior Accountant’s Role, I was advised not to integrate my small clients into that Practice. So, 25 years ago last...

    • Type: Article
    • Author: Sorrento Strategic
    • Category: Profiles

  6. Industry bodies push for tax system shake-up

    become unsustainable, overly reliant on income tax and no longer fit for purpose, according to pre-budget submissions made last week. The Tax Institute, CA ANZ and the Institute of Financial Professionals each said in separate submissions that a...

  7. PayPal undergoes AI-driven ‘revolution’

    and merchants and today marks the next revolution.” Mr Chriss, an ex-Intuit executive, took charge of the payments giant last year to oversee growth after it lost over $U290 billion in market capitalisation from 2021 to 2023. In his first public...

  8. Collins vows ‘more action’ on payment times

    of invoices paid within 30 days increased by 3 per cent, according to the reporting regulator’s January update released last week. Ms Collins said any improvement for small businesses was welcome but the data “underscores the important work still...

  9. Staff ready to help with client linking issues: ATO

    clients over the phone where they are having difficulties.” Frustration with the revised system re-emerged on social media last week and soon reached a disgruntled crescendo involving bookkeepers, tax agents and even professional bodies. Accusations...

  10. Why AI, mergers and advisory add up to cautious optimism

    The accounting industry changes slowly but data reveals unmistakable trends and a positive outlook. Last year was unlike any other for the accounting industry. We saw: An annual decrease in the total number of accounting firms for the first time in...

  11. AI, pay rates and work flexibility top issues for profession

    behaviour, exclusionary cultural issues and workplaces exhibiting a lack of psychological safety.” One strong trend from last year’s results was “alarming” rises in work-related stress and burnout, and that also came through in this study. “Poor...

  12. 1 in 5 small business owners cut own pay to survive: MYOB

    required,” Mr Robson said. “Despite rising costs being felt across the board, the research indicates businesses born in the last two years have emerged more optimistic and strong, and are feeling more positive about the year ahead.” “Building and...

  13. Employer audits to surge, ATO warns

    activities based on our focus and other priorities,” it said. Grant Thornton partner George Bendall told Accountants Daily last week that it had only begun to receive REP requests since the end of last year. Mr Bendall said the reviews were...

  14. Data privacy the main hurdle to the national skills passport, expert says

    with businesses, unions, tertiary institutions, governments, and individuals. The window for submissions closed last night. Among the reasons provided for the development of a skills passport was the belief that it could “be an important part of...

  15. ‘Standout’ local result propels Mazars to double-digit growth

    to help our clients stay ahead of the regulatory curve and reporting requirements.” The firm’s results follow plans revealed last year to create a new top 10 global network in June with US accounting firm Forvis. Mazars also recently announced new...

  16. ‘No reason’ for gas industry’s generous anti-avoidance rules

    few technical amendments” concerning uplift rates and onshore projects were made to the PRRT rules in 2019, it was not until last year’s federal budget that the government provided a “holistic response” to the Callaghan report, said Mr Telford. In May...

  17. ATO mulls options with on-hold tax debts

    of dollars’ worth of tax debts it deemed “uneconomic to pursue” after pausing its debt awareness campaign in November last year. The Tax Office notified tax agents in October that it would be offsetting clients’ tax refunds or credits against debts on...

  18. Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’

    reflection of what this committee and the other committee and the fourth estate has uncovered.” CA ANZ amended its by-laws last year to close loopholes around prosecuting former members who breached its ethical framework. But the body's general counsel,...

  19. ATO issues $23m in assessments after latest ESST raids

    suspected of using, manufacturing, or supplying electronic sales suppression tools (ESSTs) to avoid paying tax. Over the last two weeks, ATO officers led raids on 17 premises associated with three businesses suspected of supplying or manufacturing ESSTs...

  20. PKF appoints 2 Newcastle audit partners

    also earned him respect among colleagues and clients, the firm said. PKF Newcastle and Sydney brought in over $54.1 million last financial year, with $17.7 million in fees coming from its audit and assurance division, according to its transparency...

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