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  1. H&R Block warns on unclaimed tax

    returns were confident of their accuracy, but after an examination of a sample of self-lodged tax returns from last year, 59 per cent of them contained errors. H&R Block director of tax communications Mark Chapman said that there is a real lack of...

  2. Accounting director hit with ASIC disqualification

    of the Corporations Act 2001 ASIC may disqualify a person from managing corporations for up to five years where, within the last seven years: the person has been an officer of two or more corporations; and while the person was an officer, or within 12...

  3. SMEs lack confidence in legislative passing power

    permanent and accelerating company tax rate proposals for small business would be steps in the right direction. “The last Parliament was a watershed one for small business,” Mr Reed said. “For the first time in over a decade small business was moved to...

  4. Mid-tier looks to boost, shake up divisions in FY16-17

    to new technologies to change the way those services are delivered. “Our audit, tax and private advisory areas all grew last year. However, we expect that automation and globalisation of workforce needs to be embraced to ensure that we can continue to...

  5. Accountants' appetite for robo-advice spikes

    its integration with Class Super will provide a streamlined and simplified tax reporting process for accountants. “In the last 12 months, with the increased spotlight on the robo-advice industry in Australia, we’ve had a lot of interest from IFAs and...

  6. Big four firm flags ‘material blow’ for SMEs

    is not surprising given how governments have invariably seen it as a cost more than an investment. In the first half of last year, a Treasury-led review of the incentive was announced, only for this to be redirected in December as part of the National...

  7. Professionals warned on legal risks of new software

    significant legal risk to financial services professionals. Speaking at The Adviser Network’s Digital Advice Conversations last week, Holley Nethercote partner Grant Holley explained that digital advice presents several legal challenges, particularly...

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

  8. BDO announces key appointment at Perth firm

    office lead audit partner Phillip Murdoch said she is the second experienced local practitioner to join the firm in the last 12 months. “[She will] assist us to continue to deliver high quality services to our valued client base,” said Mr Murdoch.

  9. Accountants self-sabotaging their job search

    ‘I have been afraid of public speaking for a long time, but recently completed a course in this area and gave a presentation last week to my boss, which I’m really proud of.’” 7. No digital skills: “All jobs now have a digital element so make sure you...

  10. The magic formula for accountants and financial planning

    have pursued licensing. And also why so few accountants have a strong relationship with a financial planner. Over the last 12 months, my business has handled hundreds of licensing queries as we supported various professional accounting bodies with their...

  11. Moore Stephens secures local talent amid Victorian expansion

    an exciting time to be joining Moore Stephens as it grows its local presence into Geelong and Victoria’s west. Over the last twenty years Geelong has transformed into a vibrant business centre with a growing international reputation, and I am looking...

  12. Accountants not lagging on licensing, trainer argues

    to become authorised representatives has been considerably higher. “The numbers of [accountants] were very big for us in the last six months of 2015 and the first three months of this year,” he told AccountantsDaily’s sister publication SMSF Adviser. Mr...

  13. Beware, the ATO is on the hunt for lifestyle assets

    art, marine vessels, aircrafts, enthusiast motor vehicles and thoroughbred horses. The ATO will review these assets for the last two financial years based on the following nominated asset threshold: • Marine vessels – over $100,000 • Aircraft – over...

  14. Mid-tier boosts international arm with senior appointment

    lauded Ms Ritchie as instrumental in growing the firm's Australian transfer pricing practice since joining the firm early last year. Ms Ritchie said she was thrilled to be given the opportunity, as the sector continues to navigate a complex environment....

  15. Former ANZ CEO joins PwC

    Asian region. Mr Smith was chief executive officer of ANZ for over eight years, and stepped down from the role in December last year. In the Fairfax report, Mr Smith said Asia continues to grow at an exponential rate. “There is no doubt there has been a...

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

  16. KPMG flags damage done by backflips on super tax

    in the federal budget, it is a relief that there is now some certainty on the government’s superannuation plans. “For the last five months there has been considerable uncertainty in the industry, which has damaged public confidence,” Mr Howes said. “The...

  17. New review, remediation guide issued to licensees

    Consultation Paper 247 Client review and remediation programs and update to record-keeping requirements, issued in December last year. “ASIC wants to ensure that advice licensees proactively address any systemic problems caused by their conduct and,...

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

  18. Global regulators to scrutinise reconciliation processes

    means companies have to compile all their reports that are country-based manually, and the settlement process ends up being last-minute and manual. This, she said, hampers the ability of companies to properly meet inter-country tax requirements, which...

  19. CAs flagged in ATO’s auditor crackdown

    at the same event, EY’s executive director for financial services Matina Moffitt discussed findings from ATO surveillance last year, which suggest auditor independence breaches remain prevalent. The ATO focused on 360 auditors who were identified as...

  20. Accountants ‘number one’ choice in key advice areas

    lag of accountants who are appropriately licensed to provide this advice, with ASIC having granted only 366 limited AFSLs at last count. Further, significant mindset barriers are preventing accountants from taking advantage of their 'trusted adviser'...

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