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  1. TPB addresses industry whistleblowing

    which indicated that accountants are afraid to blow the whistle on their colleagues. As reported by AccountantsDaily late last year, The Audit & Risk Recruitment Industry Survey 2015, conducted by global job board careersinaudit.com, collected responses...

  2. Super concessions tipped to change

    be good to get some certainty around the government’s intention." The government released its tax discussion paper in March last year after several months’ delay. The final white paper is expected to be delivered in the first half of this year.

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

  3. RSM's fee income spikes

    have had a very positive year and these figures indicate that RSM is going from strength to strength," she said. In October last year, RSM member firms globally adopted the brand and trading name ‘RSM’ and according to the firm, the unified brand...

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

  4. Former Xero director unveils new business partnership

    beneficial for accountants in their document management processes. Mr Harrison acquired Abacus Business Solutions in May of last year after leaving his role as education and enablement director at cloud accounting software company, Xero. “Abacus...

  5. PwC CEO reappointed for further 4 years

    prior to that served as PwC Australia's national managing partner. "It has been a privilege to lead PwC Australia over the last four years and I'm honoured to be given the responsibility of guiding the firm over the next four," Mr Sayers said. "I look...

  6. Nixon urges accountants to seek further education

    to succeed in the new accounting environment, skills traditional education offerings aren’t currently delivering. “In the last week I coined the phrase, 'to grow, you have to know',” Mr Nixon said. “Accountants know about what they’ve been doing for a...

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

  7. Xero reveals latest partnership

    officer said: “Historically Serko has targeted the large business market; however we’ve developed the technology over the last year to allow it to be used by smaller businesses that have a similar set of challenges to corporates, but far fewer...

  8. Tax office issues warning on imminent rule change

    fund’s name within seven days of the SMSF acquiring it. Speaking at the SMSF Association’s national conference in Adelaide last week, the ATO’s Kasey Macfarlane said the commissioner is not going to be sympathetic to those who have not met the new...

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

  9. MYOB reveals 2015 results

    with a number of significant measures differing markedly from prospectus forecasts. The accounting software provider, which last year undertook the largest technology IPO in the history of the ASX, has this morning announced 10 per cent pro forma...

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

  10. The Tax Institute hits out on tax reform

    system is likely to occur rather than dealing with the new challenges that confront our tax system that were highlighted in last year’s Re:Think Tax Discussion Paper as the reason for needing reform. “Ensuring our tax system is fair, simple, efficient...

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

  11. Triguboff calls for relaxed rules on SMSF borrowing

    to be the same as they are for regular purchasers. Mr Triguboff told delegates at the SMSF Members Association conference last week that SMSFs should be more freely able to use money for housing. “I would like the rules for SMSFs as far as lending is...

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

  12. ASIC predicts practitioners will exit SMSF advice

    this year has increased by 47, and the number of applications it has approved has increased by seven. In a podcast released last week, Mr Tanzer said he is confident accountants are well aware of their obligations after 30 June if they wish to continue...

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

  13. Australian firms warned of cloud ‘death spiral’

    if they want to avoid a similar fate. “It’s hard to get out of that death spiral that the Kiwis have got,” he added. “In the last two years we’ve just seen this start to happen in Australia; profit per partner and revenue per partner on the decline, and...

  14. Moore Stephens announces merger with mid-tier rival

    has also recently lost its Canberra office, with ACT-based Synergy Group acquiring the office in a deal announced late last year. The firm has also lost a high-profile tax specialist in Andrew Lam to rival mid-tier Hills Roger Spencer Steer. Moore...

  15. Don't expect leniency from ASIC, IPA warns

    they don’t do enough of them, so it’s not worth beefing up or staying in, so they’re just going to exit,” she said. Late last week, ASIC reported an increase in the number of applications received for a limited licence, but commissioner Greg Tanzer...

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

  16. Four things the innovative accountant should know about alternative finance

    but they are actively choosing not to participate. Despite overall business credit outstanding having grown by 8.7% over the last 12 months, only 14.8% went to SMEs, with the other 85.2% funding large businesses (RBA). In fact, if you look back over...

  17. Australian CFOs losing faith in corporate reporting

    55 per cent are confident that they are achieving full compliance with their corporate reporting, compared with 84 per cent last year. The responses from Australian CFOs depicted a similar trend, with only 40 per cent of CFOs confident in their overall...

  18. The confidence needed to embrace advisory

    books. This isn’t why many accountants entered the profession – but it is where most end up spending their time. Over the last decade – and with increasing momentum in more recent years – that is changing, with the profession transformed by a range of...

  19. Westpac to build on SMSF relations

    the investment administration side [as well as] all our strong relationships with advisers,” Mr Lawrenson said. In December last year, the first phase of the SMSF offering for BT Panorama was officially launched, enabling advisers, accountants and SMSF...

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

  20. Pitcher Partners lauds fintech ‘sandbox’ scheme

    and access to be able to navigate and apply all the relevant ASIC and Corporations Act requirements.” He added: “The last thing you would want is to make a regulatory sandbox that is complicated, as it would defeat the purpose of having such a regime."

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