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  1. Tax Institute labels $20K tax break ‘confusing’

    Institute has warned small businesses to read the fine print and not get caught out by confusing elements of the tax break. Last month, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for...

  2. Debt Vs Invoice Funding: An In-depth Look

    even though they had never missed a payment. Not surprisingly, business owners view this possibility with horror: the last thing they want is to expose their hard-built enterprises to the vagaries of the financial world far beyond their control. And...

    • Type: Article
    • Author: The Invoice Market
    • Category: Business

  3. Walker Wayland confirms senior management appointment

    chartered accountants to ensure they have appropriate quality standards in place within their own practices. At the end of last year the Walker Wayland Australasia network elected Power Tynan CEO Paul Hilton as its new chair.

  4. CPA's rivals note major spike in new member enquiries

    members,” Mr Boxer said. “We have definitely experienced an increase in NTAA membership enquiries from CPA members over the last four weeks. Enquiry numbers represent a three-fold increase when compared to previous years.” Accountants Daily contacted...

  5. Positive findings in review of SMEs' FY17/18 outlook

    to invest savings from the reduced company tax rate back into their business according to research from a software provider. Last week MYOB released its latest SME Snapshot which revealed that 63 per cent of small business owners are positive about the...

  6. ‘Voracious’ tax, advisory demand drives spate of mid-tier hires

    said. “Cyber security is a new service, and it sits in a risk advisory services group, and we’ve been working on it for the last 18 months to two years,” he said. “That will be a focus area of our strategy going forward,” he said. Appointments related...

  7. The bigger picture of the fintech boom

    as no surprise that investment in the fintech space has increased at a compound annual growth rate of 41 per cent over the last four years. Most of this investment is coming from the banks by way of joint ventures, M&A and venture capital. For a typical...

  8. How to modernise your finance technology stack

    this in an integrated way, tying strategy back to the financial plan to ensure alignment and collaboration between teams. Lastly, renovate the core To abstract the organisation from any disruption from an ERP upgrade, a cloud-based solution is the last...

  9. New licensing training launched for accountants

    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. “Practices that are licensed...

  10. ASIC homes in on accountants' SOAs

    AFSL. This was particularly the case in the lead up towards the end of the accountants' exemption phase-out period in July last year, when it became clear that the AFSL regime was having a limited take-up. “Frankly, if you decide after 1 July to give...

  11. TPB reports ‘healthy growth’ in BAS agents

    of age In addition, 60 per cent of individual BAS agents are members of a recognised professional association. As reported last week, Mr Taylor is bullish on the future of the BAS agent population in Australia, particularly given its compliance track...

  12. How my personal growth story can help your business

    bookkeeping company: Legally BAS. When I started Legally BAS I was very clear that I never wanted to hire anyone… well, that lasted less than a year because I just had so much work, and so for many a year after that I went on a merry-go-round of...

  13. Accounting software giant escalates ATO outage fight

    downtime. This followed the worst stretch of unplanned digital outages at the ATO in recent history, starting in December last year and stretching into early 2017.

  14. Government acts on super, tax ‘loophole’

    with payments made before preservation age treated as income and taxed accordingly. The government found that, before last year’s budget, some superannuants were using a “loophole” to reduce their tax obligations on their superannuation income streams...

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

  15. CPA releases membership numbers as rebellion continues

    Daily. “The goal is to develop an active and involved membership to enhance the profession and the members,” he said. At last report, Mr Stevenson’s “fighting fund” - a pool of donated funds from disgruntled CPA members - is at $32,753.

  16. More downtime looms as ATO grants deadline relief

    of the ATO’s key portals, including the tax agent and BAS agent portals, have — unsurprisingly — persisted over the last two to three weeks. They are likely to continue as the ATO continues to adjust and restore its systems. “The issues we have...

  17. 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...

  18. 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...

  19. '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...

  20. 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...

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