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  1. Accountants offered $8m stake in Panalitix

    in Perth?', wherever they happen to be.” The offer was first announced to Panalitix clients at a conference in Bali last week, while clients who did not attend will formally be presented the opportunity in a webcast today. From conference attendees...

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

  2. Class names new director

    Financial Group chief executive Tony Fenning as the final new director to the Class board. Mr Fenning’s appointment follows last week’s announcement of three new directors – Kathryn Foster, Matthew Quinn and CEO Kevin Bungard. Class chairman Barry...

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

  3. ‘Spate’ of scams in operation this tax season

    a statement saying it has received reports of the scams demanding that taxpayers pay money. “An H&R Block client reported last week that he had received a very aggressive telephone call, supposedly from an ATO officer with the (fake) name of William...

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

  4. Tax office reveals all SMSF penalties for FY15

    handed out about 54 education directions and 27 rectification directions, Ms Simmons said. The powers, introduced in July last year, allow the tax office to impose administration penalties on trustees for certain SIS Act breaches. In addition, the...

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

  5. Accountants' apathy now 'a real concern'

    revealed just 48 per cent have begun preparations for the end of the accountant’s exemption, up just 2 per cent from August last year. In response, Kath Bowler, CEO of consulting firm Licensing for Accountants, said this lack of organisation among...

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

  6. Back-door listings set to surge

    method, particularly for smaller businesses looking to build their capital base and/or make strategic acquisitions. “In the last 12 to 15 months IPO listings have increased, which is expected to further generate interest in back-door listings....

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

  7. KPMG expands offering through acquisition

    I can’t wait to take what we’ve done to all KPMG clients,” said Mr Boele. This acquisition is the eighth made by KPMG in the last 18 months as the firm looks to expand its service offering to meet changing client demand. The firm’s recent acquisitions...

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

  8. High Court judgment handed down in CPA v Chartered case

    a vindication of the action we have taken on behalf of our members,” Mr Malley said. “We commenced these proceedings as a last resort, and only after all attempts to resolve the matter outside these proceedings had been exhausted. “First and foremost we...

  9. Exit planning offers opportunities, claims RSM Bird Cameron

    by the mid-tier firm, shows 44 per cent of SME owners currently have an exit plan and strategy in place, up from 42 per cent last year and 34 per cent in 2012. Speaking to AccountantsDaily, Andrew Graham, national head of business solutions at RSM Bird...

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

  10. Subscription revenue drives strong Reckon results

    per cent of our international group are on subscription products too. Overall we were around 50 per cent of our businesses last year so it’s a huge achievement.” Mr Rabie said strong subscription revenue is important for the long-term future of the...

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

  11. IPA pushes for small business guarantee

    The recommendation comes via the IPA’s Australian Small Business White Paper, launched in Parliament House on Wednesday last week. IPA chief executive officer Andrew Conway noted that Australia is one of only a few developed-world countries without such...

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

  12. IPA calls for 'fairer' small business tax policy

    innovators in Australia to encourage growth, productivity and employment,” he said. Mr Conway’s comments come after the IPA last week released the Australian Small business White Paper in which the institute made a number of recommendations that it says...

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

  13. Remember, ongoing career planning is vital

    life. One of the first activities whenever you take on career planning is spend time mapping out your career path since the last time you did any sort of planning. While you should not dwell on your past, taking the time to review and reflect on the...

  14. ASIC specifies new date for licensing applications

    Ms Stylianou said. "I think it gives people a good idea of the length of time it will take to process all of those last-minute applications that they're expecting." When asked if an extension to the deadline was an option, Ms Stylianou was sceptical,...

    • Type: Article
    • Author: Mitchell Turner
    • Category: Regulation

  15. Lawyer warns of offshoring privacy issues

    with a regime that is “broadly equivalent to the Australian one”. The Australian Privacy Principles which came into force last year, replacing the previous National Privacy Principles, established the guidelines for keeping clients abreast of their...

  16. Mid-tier expands offering through merger

    and being able to take advantage of the opportunities that will afford. “MTK Accounting has had exceptional growth over the last number of years," he said. "We can attribute this growth to the provision of quality service and advice to clients and our...

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

  17. Legislation passed on tax treatment of LRBAs

    holding trust is a taxable entity in its own right. The legislation passed both the House of Representatives and the Senate last week. “This legislation says that for taxation purposes you treat the arrangements as if the property is held directly via...

    • Type: Article
    • Author: Katarina Taurian and Miranda Brownlee
    • Category: Tax

  18. ATO to crack down on SMSF tax-avoidance

    On the issue of ATO penalties, Ms MacFarlane said she is confident that the penalty regime that came into effect on July 1 last year will result in fewer civil penalties and costly litigation for SMSF trustees. However, she warned that persistent...

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

  19. GPS launches licensing app for accountants

    would inform accountants of what is needed to begin the licensing process. “Having spoken to hundreds of accountants in the last 12 months, we’ve learned that there’s a lot of confusion, misinformation and a general lack of information in the market...

  20. PM denies white paper ditched

    Tax White Paper. Bureaucrats at the federal Treasury, the Tax White Paper Taskforce and the Board of Taxation were last week told work on the white paper would come to a complete halt, Fairfax Media claimed yesterday. "We were told to put everything on...

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