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  1. BAS, tax agent portal saga set to be escalated

    after a certain number of hours with an outage. There needs to be some compensation here that doesn’t exist.” As reported last week, shadow assistant treasurer Andrew Leigh is also throwing his support behind the cause, calling on Prime Minister Malcolm...

  2. Qld firm eyes new services, geographical expansion

    HR manager to get a deeper relationship.” In terms of geographical expansion, businessDEPOT launched a Toowoomba office last year and is now considering opening in other states. “We've already put our toe in the water up in Toowoomba and I quite like...

  3. ‘Major step forward’ for members locked in with CPA board

    are in public practice will have access to a group member’s professional indemnity excess insurance policy at no cost. Late last month, CPA Australia confirmed it couldn’t renew its current Professional Standards Scheme, which expires on 7 October, in...

  4. Accountants’ licensing group launches new partnership

    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.

  5. Weekend ATO outages hitting bookkeepers

    when they have the time to catch up, and having downtime on the weekend does create a lot of issues,” he said. As reported last week, government heavyweights are throwing their support behind the escalation of the ATO's digital downtime, In an effort to...

  6. SMEs hit as $500m stolen by fraudsters

    in 2016 represents just 0.03 per cent of the staggering $1.869 trillion – yes, trillion – transacted on cards and cheques last year.

  7. EY set for more tax robotics in FY17-18

    are women. However, only 22.2 per cent of the total partnership is female. This is up from 20.6 per cent at the same time last year.

  8. 60% of SMSF trustees eyeing advice from their tax accountants

    practice they've got a lot of small businesses and they are doing the audit, the tax work for individuals, and the last thing they want to do is move into a financial planning business which could damage their relationship with the companies that they...

  9. Clients remain plagued by SMSF confusion

    director Recep III Peker. “Although the number of SMSFs continues to grow each year, the rate of growth has slowed over the last four years. “While there was some concern among SMSF trustees about these changes, they seem to have largely remained...

  10. Accounting body hails ‘huge win’ in new law reforms

    to competition laws in a bid to deter anti-competitive conduct, calling it a “huge win” for small businesses in particular. Last week, the Competition and Consumer Amendment (Misuse of Market Power) Bill 2017 was passed to implement a key recommendation...

  11. Mid-tier snares EY partner in bid for ‘significant growth’

    appointment to the newly created role of insolvency and restructuring partner follows the departure of two executives in the last 15 months, including partner Andrew Sallway, who is now at BDO, and partner Gayle Dickerson, who is now at KPMG. Grant...

  12. ‘Every incentive’ for ASIC to kill off accountants’ licence

    Licence (AFSL) became available to accountants because of the phase-out of the accountants’ exemption, which ended in July last year. The exemption allowed accountants to provide superannuation-related advice without operating in an AFSL environment,...

  13. Intuit Australia posts massive subscriber growth

    growth to adopters of mobile technology. Intuit Australia revealed that it had surpassed 100,000 subscribers, up from 53,000 last year, in the 12 months to 31 July this year. Intuit Inc’s global revenue grew by 10 per cent year-on-year, up to $5.2...

  14. ‘Big deal’ for SME clients in banks’ move

    were now safe from banks unilaterally changing loan contracts. “Unfair contracts legislation came into effect in November last year and banks were very slow to comply but thanks to the work of Ombudsman Kate Carnell and her team, there are now important...

  15. CA announces course change following timetable bungle

    because they couldn’t enrol in their final capstone course as a result of the new structure. CA ANZ told Accountants Daily last week it was mulling options and concessions for affected students students, which has been confirmed this evening in the form...

  16. New tax crackdown adds to deductions ‘crusade’

    signalled earlier this week it will be upping its focus on claims related to car expenses this tax time, after finding last year that a significant portion of claims were just below the limit of requiring detailed records. However, some, like H&R...

  17. Mid-tier snares big 4 director to boost tax services

    boosting the firm’s international tax services as new policies shake up the area, after coming across from a big four firm. Last week, Pitcher Partners Perth confirmed the appointment of Birgitte Hebiton, formerly of KPMG, as director of taxation...

  18. Second tranche of insolvency reforms kick in

    liquidator registration applications and disciplinary matters. ASIC’s Corporate Plan 2017-18 to 2020-21 was also released last week, outlining its vision to allow markets to fund the economy and economic growth. In the report, ASIC outlined what they...

  19. Mid-tier flags advice opportunity in NFP sector

    not-for-profits are still seeking advice from their accountants following a number of changes to their industry over the last five years. “The NFP sector has been in constant change since 2012 with the introduction of the Australian Charities and...

  20. CPA board grilled in heated Senate hearing

    to make it simpler for members of professional bodies to communicate with each other. This follows a hearing in Sydney early last month, which was fronted only by general manager of policy and corporate affairs, Stuart Dignam. The continuation of the...

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