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  1. MYOB, Xero in fight for clients

    are very excited about the support that we are getting from accountants across the country,” Mr Reed added. MYOB announced last week it now has over 100,000 online subscription holders.

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  2. How can SMBs use IT more strategically?

    about the information you need for your business; the second part is about considering fresh technology options; and the last part is about making it happen. 1. How to think more strategically about your business information Most businesses are awash in...

  3. EY announces revenue spike

    market practices grew 8.7 per cent despite tough conditions in a number of emerging markets. This compares to 12 per cent last year. “Emerging markets will continue to drive economic growth for the foreseeable future. By 2020, we’re predicting about 30...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  4. Still ‘all talk, no action’ with limited licensing

    initial 1 July 2012 accountant’s exemption due date was announced. Speaking to AccountantsDaily, Mr Moss said that over the last three months he has received an influx of calls from accountants looking for information on licensing. “So it has gone from...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  5. More accounting groups to enter mortgage space

    acumen. Lending has always gone hand in hand with accounting and financial planning, she said. Her comments come after last week’s announcement that national accounting firm Chan & Naylor had inked a deal with a mortgage brokerage. Chan & Naylor...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  6. RBA rate announcement - October 2014

    left at a record-low 2.5 per cent for the 14th consecutive month. The decision comes as no surprise given the RBA announced last month that it expects to leave the official cash rate at 2.5 per cent for at least the next year. In the minutes of the...

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

  7. Accounting firms act on licensing

    Planning, Sullivans Financial Strategies, and self-licensed group Hado Investments have all signed with Premium in the last month. Premium’s head of practice development Justin Viney said all are accountancy practices keen to grow their financial advice...

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

  8. You mean you're not here with me!

    There is a drive to be discussing what’s happening in the client’s business here and now rather than what happened last month – could this technology be an important part of that engagement? These technologies are capable of removing the tyranny of...

  9. Family businesses optimistic despite facing growth risks

    Family Business Survey that found just 53 per cent of Australian family businesses surveyed reported sales growth in the last 12 months, well behind the global average of 65 per cent. David Smorgon OAM, PwC’s senior advisor on family, business and...

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

  10. ATO gives insight to 'audit of auditors' process

    In a compliance briefing last week the ATO has given insight to its process for auditing SMSF auditors, including what triggers the ATO to review SMSF auditor behaviour. The ATO expects to engage with approximately 1,000 SMSF auditors this year to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Regulation

  11. Deloitte announces latest big name recruit

    challenging crisis response and reconstruction projects. He received the national Award for Planning Excellence in Australia last year and is a member of the World Bank’s Global Facility for Disaster Reduction and Recovery technical advisory group.”...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  12. BDO names five new partners

    be a part of what we are building here at BDO.” According to Mr Brant the Melbourne firm has seen considerable growth in the last 12 months with the tax practice growing by 10 per cent, while a new forensic services division has been created. This new...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  13. Tax agents defy industry gloom

    is all despite an estimated 500,000 taxpayers being removed from the tax system since the increase in the tax-free threshold last year, the accounting network said. Regional director of H&R Block, Mr Frank Brass, said “There is no doubt the message is...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  14. MYOB buys into ERP provider

    division said the investment was a natural progression following a successful partnership between the companies over the last year. “Before partnering with Acumatica, we reviewed technology platforms around the world for the ideal solution that would...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  15. ATO warns accountants they face $500m shortfall

    according to ATO second commissioner Geoff Leeper. Speaking at the Accountants Technology Showcase Australia in Melbourne last week, Mr Leeper warned accountants to move away from offering tax compliance services and concentrate on offering their...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  16. Wealth group sees surge in accountant enquiries

    an interest point for an accountant,” Mr Musgrave said. “We were initially focusing solely on mortgage brokers, but in the last couple of months we have been starting to move into the accounting profession,” he said. “We now have a number of accountants...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  17. ASIC warns accountants against ‘licensees for hire’

    professor said that the regulator’s “previous experience” with transition periods indicates many may wait until the last possible moment to make a firm decision on licensing options. “I wouldn’t be surprised if there was a rush at the end,” she said. On...

  18. Accounting firm talks up family trusts

    an ideal tool for multi-generational wealth transfer while SMSFs, on the other hand, must be wound up on the death of the last member, which can also raise tax issues,” he said. “It also means assets held by an SMSF must be sold, and if the family...

    • Type: Article
    • Author: Staff reporter
    • Category: Business

  19. Preparing for the inevitable

    for the vast majority of professional accountants who are currently unlicensed, they’ve actually made this decision over the last 10 years to not be licensed. So, we never had an expectation that once the transitional period came into play, that there...

  20. ATO annual report flags collectable debt struggle

    by 4.8 per cent in 2013/2014 compared to 2012/2013 the ATO stated in its annual report, which was tabled in parliament last week. In 2013/2014, the inflow of new debt continued to outpace improvements in the ATO’s debt management performance, the ATO...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Regulation
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