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  1. CEO optimism up despite concerns, says PwC

    by PwC, 43 percent of Australian CEOs are very confident of growth in the next 12 months, up 9 percentage points from last year, compared with 39 percent of CEOs globally. In the longer term, 55 percent were very confident of growth in the next three...

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

  2. MYOB hits client milestones

    using MYOB SME solutions, with more than 500,000 regular paying clients. This record figure was achieved in December last year, the firm said. MYOB has also reached a record figure for cloud subscribers, with 116,000 of the 500,000 regular paying...

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

  3. MYOB launches new cloud-based product

    ERP system,” he said. The product is based on the Acumatica cloud solution developed for the US market. Late last year, MYOB announced it had taken a minority stake in Acumatica and taken a seat on the company’s board. Amazon Web Services has been...

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

  4. Pepper calls on accountants and brokers to embrace relationship

    has become increasingly prevalent in recent years, something Mr Rehayem considers mutually beneficial. In October last year, national accounting group Chan & Naylor announced a joint venture with brokerage Origin Finance. Chan & Naylor Finance now...

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

  5. Private sector bureaucracy costing business more, says Deloitte

    for a rule’, often without weighing the costs and benefits of doing so, and the cost of government rules has risen since the last time the Productivity Commission added them up," Mr Richardson said. Matt Saines, national leader of Controls...

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

  6. ShineWing flags major expansion across Australia

    is planning to open offices around the country following the recent Moore Stephens Melbourne / ShineWing merger. As reported last year in AccountantsDaily, Moore Stephens' Melbourne office recently merged with the Chinese giant's local operation,...

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

  7. Lawyer outlines accountants' outsourcing obligations

    the law requires the client to be informed to which countries their information will be sent. This rule came into force last year with the implementation of the Australian Privacy Principles, which replaced the National Privacy Principles, Ms Thorne...

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

  8. ATO hands down unusual penalty

    for failure to lodge, following up outstanding cases. However, the ATO prefers to leave prosecution as a measure of last resort, and would rather engage with trustees in an effort to help them meet their obligations, the spokesperson said. Also speaking...

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

  9. Accountants need to move on licensing now, says ASIC

    know whether that will turn about to be the case, but if it is, well we’ve received about one per cent,” Mr Kell said. “The last figure that I’ve been provided with was 105 applications. We’ve approved 44, some are currently being assessed but quite a...

  10. MYOB announces massive growth, flags new accountants' portal

    Tim Reed said he was pleased with the result and described the transformation delivered in the MYOB business over the last three years as an outstanding achievement. “I am immensely proud of what has been accomplished in a short period. We continue to...

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

  11. Govt flags independence in handling of tax disputes

    is consistent with the positive litigation outcomes for taxpayers highlighted in the inspector-general’s report over the last seven years,” Mr De Zilva said. “The report notes that 83.5 per cent of AAT cases and 77.1 per cent of Federal Court cases have...

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

  12. EY tips increase in divestment

    growth plans, with two thirds of companies seeing an increased valuation multiple in the remaining business after their last asset sale," Mr Lomas said. “Boards need absolute clarity on their growth strategy and they need to properly assess whether they...

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

  13. KPMG warns of uncertainty in company tax rate

    (PPL) levy applied to companies earning more than $5 million in taxable income. However, with the government announcing last month that the PPL scheme would no longer proceed, KPMG tax partner Alia Lum has said there is now uncertainty over whether the...

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

  14. CAANZ latest to criticise ATO's Single Touch Payroll

    will hurt business’ cash flow. CAANZ's criticisim follows similar comments made by the Institute of Public Accountants last week. In a submission on the ATO’s Single Touch Payroll Discussion Paper, CAANZ said it supports the policy objectives of the...

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

  15. SMEs wary of outside advice

    for them,” Mr Langham said. The index also found SMEs are less optimistic about revenue growth compared with September last year. The average growth rate being forecast dropped significantly - to 6.7 per cent from 8.6 per cent - from the growth forecast...

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

  16. Xero releases features to boost productivity

    the Online Quotes feature builds on the recently launched and highly popular Sales Quotes feature. “We launched Sales Quotes last month and since then the team has been focused on building the ability to do Online Quotes, building on the existing...

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

  17. Tax agent fined for 'reckless' conduct

    the increase and to ensure they are wary when taking on new clients. “This is the second similar case in the courts in the last two weeks. Now, more than ever, agents need to be vigilant when taking on new clients. “As you can see from this case, there...

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

  18. TPB defends termination process

    and Management Accountants (ATMA) as a recognised tax agent association. Following comments published on AccountantsDaily last week in which ATMA president Bob Duncan expressed disappointment with the TPB’s handling of the matter, the board defended its...

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

  19. ATO shifting approach to wealthy Australians

    “While most wealthy Australians and their private groups do the right thing – contributing around $31 billion in income tax last financial year – some choose to avoid tax,” Mr Cranston said. “We are shifting our approach and will be visiting our largest...

  20. SMEs 'frustrated' by Australia's online providers

    with the cost. The same survey revealed that 46 per cent of SMEs are now using cloud computing, up nine per cent in the last six months. MYOB chief technology officer Simon Raik-Allen said that while it is encouraging to see the increased adoption of...

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