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  1. KPMG pinches tax partner from rival big 4 firm

    tax, advisory and compliance services, has been appointed as lead tax partner at KPMG South Australia. Mr Lanzilli spent the last 13 years working at Deloitte as tax partner advising a broad range of clients, including the property and mining industries...

  2. Big 4 firm ups use of 'robots' in audit division

    auditors are increasingly trying to get access to more data direct from the source to speed up the audit process. “In the last 12 months we've made significant headway in terms of getting access to data that we can use to potentially verify accounting...

  3. 'Too much emphasis on price' in software, accountants told

    I’m hearing a lot of vendors talking about how they're going to be cheaper than XYZ. But I would say price should be the last thing on your list,” Ms Penn said. “If you're an accountant looking at software, the amount of time and effort that you are...

  4. Numerous companies to be wound up by big 4 liquidators

    associated with Macro Group, and have been ordered by the Federal Court of Australia to wind up all associated companies. Last month ASIC applied for KPMG partners Hayden White and Matthew Woods to be appointed liquidators to 19 'special purpose...

  5. 'Workaholic' culture persists in accounting industry

    you and the temptation to become a workaholic is greater,” she said. These habits include being the first to arrive and the last to leave, not having any hobbies or interests, being constantly stressed, not taking lunch breaks and checking emails too...

  6. CPAs lose liability cover Australia-wide

    since surfaced are also informing this process, Dr Deen Sanders, chief executive at the PSC, told Accountants Daily late last month.

  7. MYOB finds Amazon arrival motivating SMEs

    Of the more than 1,000 Australian SMEs surveyed, 76 per cent invested in technology as a means to innovate over the last 12 months, and 78 per cent believe that advancements in technology will impact their business in the next decade. “There is no doubt...

  8. ATO guideline gives clients ‘breathing space’

    years to repay certain corporate beneficiary entitlements and releasing an accompanying practical compliance guideline. Last week, the ATO released guideline PCG 2017/13, allowing trusts to refinance unpaid entitlements of corporate beneficiaries for an...

  9. Labor calls on PM to address tax agents over ATO downtime

    on her as an SME. “The impact [of the outages] on our productivity and cash flow is quite enormous,” she said. Promises Late last year, the ATO said it was beta-testing an online system that will replicate the current tax agent portal. It was originally...

  10. Small cap IPO market outpacing large listings

    of 2016. Mr Ohm said that it is striking that there has been an absence so far this year in very large listings. “This time last year, we had seen two companies list with a market capitalisation of around $1 billion and 11 companies list with a market...

  11. Maximising your value outside of EOFY

    use these tools to create effective and efficient solutions for our clients, but what’s next for the bookkeeper? Over the last five years especially, the term “move to advisory” has been thrown around and it’s a broad term. What does it actually mean to...

  12. Reckon confirms director resignation, block share trade

    director when he had a part-time role outside of Reckon,” a Reckon spokesperson told Accountants Daily. “In June last year, Chris was given a full-time role which increased his international responsibilities. As time passed it became apparent that it...

  13. New mid-tier director eyes M&A sector

    in valuations to focus on growing the firm's M&A advisory focus. Moore Stephens WA announced the appointment of Peter Gray last week as a director in its corporate advisory team. Mr Gray, who was most recently working at RSM, has also had experience...

  14. Impending IASB standard ‘fortuitous’ for ATO

    International Accounting Standards Board will give the ATO a roadmap to focus its audit activity according to a mid-tier. Last month, the International Accounting Standards Board (IASB) finally issued IFRIC 23 Uncertainty over Income Tax Treatments in...

  15. West coast challenges ‘new normal’, says mid-tier

    this is the case, Mr Gray believes that the economy in Western Australia has flattened out at the bottom of a cycle. “The last 12 months has a fairly strong showing that we're somewhere around the bottom and this is the new normal for us,” he said. “Ten...

  16. PwC shuns ‘expensive growth’ as 2017 results released

    105 lawyers. Mr Sayers flagged a shift away from billable hours in its advisory work as key to delivering for clients in the last year. “PwC delivered a fully integrated advisory service that utilised more than 60 staff across different professional...

  17. Spike in regional accountants' advisory take-up

    The popularity and suitability of advisory services for the accounting profession has been a point of contention for the last few years. Recently, chief executive of Sequel CFO, David Boyar, told Accountants Daily said the arguments for advisory work...

  18. IPA’s liability cover gets green light

    Conway. All IPA members in practice must maintain a minimum professional indemnity insurance cover of $1 million. Late last month, the PSC confirmed CPA Australia’s scheme would expire from 7 October this year. It operates in all mainland jurisdictions....

  19. ‘Huge frustration’ with new requirement for accountants

    made during the three-year transition period of July 2013 to July 2016. Sixty-six 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.

  20. Government taskforce makes raft of tax, ABN proposals

    tax processes and overhauling the ABN model. Today, the Black Economy Taskforce, which was established by the government last year in a bid to crackdown on taxpayers who intentionally misreport their tax and superannuation obligations, released a...

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