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  1. Mid-tier appointed liquidator in messy property case

    is a Perth-based ASX-listed commercial construction and property development company with a total of 19 subsidiaries. Last week, ASIC applied to the Federal Court of Australia for the appointment of a provisional liquidator to Diploma Group to protect...

  2. IPA 'disappointed' with govt's missed tax opportunity

    Transfer and Closure report, but has pointed to a key area that the government could've made headway for small business. Last week the government issued a response to the final report of the Productivity Commission’s inquiry into Business Set-up,...

  3. Global software firm releases Aussie interim results

    announced its interim results for the six months ended 31 March 2017, revealing strong organic revenue growth in Australia. Last week Sage UK released its interim results for the six months ended 31 March 2017, recording £838 million in organic revenue,...

  4. Portals continue shaky run into tax time

    is a priority for the ATO ahead of tax time this year, and this combined with the widespread system failure in December last year has seen the delay of its new service for tax professionals, ATO Online. “All IT projects under development to improve tax...

  5. Mid-tier reassures accountants on big bank changes

    Inquiry, the government announced a potential levy on major banks with liabilities greater than $100 billion in the budget last night. The levy would raise $6.2 billion over four years which would be used to support budget repair. The bank levy was...

  6. HECS threshold changes hit taxpayers hard

    The government has announced a notable drop in the HECS debt repayment thresholds from next year. As announced in last night’s federal budget, the government will be introducing a new set of repayment thresholds from 1 July 2018. Currently, a HECS debt...

  7. Highly anticipated R&D changes missing from budget

    While widely presumed that these changes would be included in the budget, no changes to the R&D Tax Incentive were made last night. “Highly anticipated changes to the R&D Tax Incentive, in response to the Finkel-Ferris-Fraser (FFF) Review, were not...

  8. Budget 2017 analysis: Key reform exclusions and when we’re likely to see them

    Australia’s tax law is complex enough without having two assessments acts for taxpayers and their advisers to deal with. In last year’s budget, the government announced a number of “tax reform” measures as part of what it called its “Ten Year Enterprise...

  9. Big four finds SMEs not sold on tax cut

    may not have seen the real cash benefit, and 1.5 per cent might have been too small,” he said. “What had been announced in last year’s budget and finally got through the senate was the new round of tax cuts, where now the tax rate at 27.5 per cent...

  10. Mid-tier hits out at cap tipped to hit accountants

    management of their tax affairs, which would impact the extent to which an individual can claim deductions for tax advice. Last week, Bill Shorten delivered the opposition’s federal budget reply speech in which he proposed a cap on the amount...

  11. Tax, BAS fraudster sentenced to jail

    not recovered. The remaining $563,160 in refunds were either credited to her ATO account, cancelled or recalled by the ATO. Last Friday in Orange District Court, Ms Noble was sentenced to five years in jail, with 2.5 years to serve, and was given a...

  12. SMEs pleased with budget, software giant finds

    Despite lacking confidence before the federal budget was released last week, majority of SMEs are now largely comfortable with the measures included in the budget according to the latest report from MYOB. Yesterday MYOB released its latest SME...

  13. Accounting body announces new CEO

    really excited to attract someone of Rick’s reputation and calibre to our organisation.” The announcement follows the news last month that Lee White, who has been CEO since 2011, would be stepping down from the role. Between now and Mr Ellis’...

  14. Major uni notes 'unfortunate' lag in accounting courses

    that’s going to happen overnight. The education system will eventually get there but, if anything, they’re going to be the last cab on the rank.” Mr McLaren said graduates still need all the technical skills that universities have traditionally taught,...

  15. Accounting network firms up partnership with advice firm

    Accountants Daily, H&R Block CEO Brodie Dixon said that they began searching for a financial planning firm to partner with last year, following demand from their clients. “Many of our clients look to us to help them better understand their financial...

  16. Mid-tier warns on payroll compliance after fraud case

    a mid-tier accounting firm is encouraging businesses to assess their payroll arrangements and review associated risks. Last week a joint investigation between the ATO and the AFP culminated in the arrest of 10 people linked to a syndicate responsible...

  17. New research reveals top features of accounting firms

    to clients. Staff productivity is also an issue that’s growing in concern, moving to the seventh position from twelfth last year. Accounting practices are pursuing various measures to address the difficulty and cost of recruiting experienced staff,...

  18. Is Marketplace Lending a Good investment?

    better than our ​investor page​. Where is it heading Peer to peer lending represented 24% of all personal loans in the U.S. last year and it seems certain to grow further in Australia. For those looking for investment options for their SMSF or hoping to...

    • Type: Article
    • Author: Content Sponsor
    • Category: Business

  19. Mergers, alliances tipped to spike in bookkeeping

    bookkeepers and accountants,” Ms Calleja told Accountants Daily at the Intuit QuickBooks Connect conference in Sydney last week. “We are moving into each other’s spaces, you can’t avoid that,” she said. Considering the merits of offshoring is also a...

  20. Calls for legislative change in wake of tax fraud scandal

    $165 million tax scandal, one payments facilitator has pointed to the risks of relying on third-party payroll companies. Last week a $165 million tax fraud against the Australian government was uncovered, involving a payroll company named Plutus....

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