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  1. ATO set to shake up communication with industry

    outages it experienced in December 2016 and February 2017, following commissioner Chris Jordan releasing some of the results last week. The report includes findings from the ATO’s internal review as well as the independent review conducted by PwC, which...

  2. National accounting survey finds M&A ‘back on the radar’

    less than one in five respondents were happy with their practice’s client retention and growth rates — a major decline since last year, when that figure was 41 per cent. To tackle growth objectives, 50 per cent of respondents had segmented their client...

  3. Accountants set to lobby employers for pay rise in 2017

    as the basis of their negotiation. “Provide proof of your successes and any additional duties you’ve taken on since your last pay rise,” he said. “Show your manager how valuable you are and back up your request with evidence of current market salaries.”

  4. Accountants reject AFSLs despite SMSF push

    during the three-year transition period of July 2013 to July 2016. A further 66 per cent of applications were made in the last four months of the transition period, and 38 per cent of applications were lodged in June 2016. ASIC has publicly and...

  5. IPA ups focus on ‘social impact’ of accountants

    news comes as research again suggests the stress levels of professionals and business owners is on the rise in Australia. Last week, Robert Half released the results of its latest research, revealing that 76 per cent of Australian CFOs believe the...

  6. Accounting job ad growth falling flat in early 2017

    has revealed that ad growth remained flat for the accounting sector in March to May 2017 when compared to the same quarter last year. “The accounting sector is facing rapid technological change, reflected in flat job advertising trends since 2014,” said...

  7. EXCLUSIVE: CPA Australia breaks silence on leadership saga

    Carlin handing over the reins to Mr Dickson earlier this month. Director David Spong resigned from his position on Friday last week, following the resignations of Richard Alston and Kerry Ryan in the days preceding. CPA Australia confirmed these...

  8. ATO to ramp up scrutiny of $20K tax break use

    instant asset write-off according to one accounting body, with the ATO poised to up its monitoring of the tax concession. Last week, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for another...

  9. Unpopular accountants’ licence tipped for chopping block

    ASIC will turn around and say, ‘This is just causing everyone more work for no added benefit’”. Accountants Daily reported last week that while interest in providing SMSF services is on the rise with accountants, the majority of accounting firms rate...

  10. Tips and tools of the predictive practice

    in spite of the enormous volume of data, Google Trends provides real-time info on searches that have taken place over the last hour in Australia and New Zealand. To get some idea of the number of people in each location with an interest in “plumbing”,...

    • Type: Article
    • Author: Suresh Sood, PhD, Data Scientist, Chartered Accountants Australia and New Zealand
    • Category: Regulation

  11. Disruption fear 'over-used' in accounting, says mid-tier

    with clients. Speaking to Accountants Daily after winning Firm of the Year at the 2017 Australian Accounting Awards last month, Pitcher Partners Sydney managing partner Rob Southwell said that firms mustn’t get preoccupied with technology. Mr Southwell...

  12. Tech focus in firms is ‘coming with the age’

    term. Speaking to Accountants Daily after winning Accounting Student of the Year at the 2017 Australian Accounting Awards last month, Arlen Dabinett said that the use of technology in firms is something that will accelerate as more millennial...

  13. Accounting network confirms acquisition of bookkeeping firm

    partner Nathan Hood’s goals of having 10 hubs across Australia. “We’ve now got three hubs in Perth and launched in Melbourne last year. In the near future, we want to have offices in all states and territories. There are opportunities for growth...

  14. Accountant receives prison sentence for tax fraud

    Stamatopoulos pleaded guilty to dishonestly obtaining a financial advantage of more than $2 million in Perth District Court last week. Judge Michael Bowden sentenced Mr Stamatopoulos to eight years’ imprisonment, with a non-parole period of four years,...

  15. SMEs still passive about technology, finds MYOB

    at the forefront of innovation rather than waiting for disruption to hit, amid worrying statistics from a software provider. Last week, MYOB released its latest Future of Business Report: The Age of Change, revealing that while SMEs accept that...

  16. CPA braces for ‘widescale’ change, members launch spill motion

    lodged an application for a new Professional Standards Scheme in January 2017, which has been assessed by the PSC of NSW. Last week, the PSC advised that it is unable to direct the proposed new scheme to be published for public notification. It is...

  17. MYOB finds shift away from accountants this tax time

    their own year-end tax preparation, with 41 per cent of SMEs planning to complete their tax themselves, up 36 per cent from last year. Speaking to Accountants Daily, MYOB’s chief strategy officer, John Moss, said that this increase in SMEs taking their...

  18. BAS agents shine as TPB fields complaints data

    throughout that process, have towed the line and done everything that has been asked of them,” he said. Compliance targets Last year the TPB launched a major compliance project targeting unregistered service providers, which recently saw almost 3,000...

  19. 'Large demand' driving bookkeeper fees, salaries

    which will fuel demand for bookkeepers, providing they are winning business and growing their business,” he said. In the last year there has been a sizable growth in salaries of bookkeepers, particularly those based in Sydney, with a 10 per cent jump in...

  20. IGT commences review into ATO’s fraud control

    a review into the ATO’s fraud control management following a request from the Senate economics references committee last week. The review, in which Mr Noroozi will examine how the ATO addresses the risk of fraud and associated issues, comes after it was...

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