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  1. Accounting, advisory network reshuffles exec team

    partner. The collaboration is designed to improve Findex’s family office offering, which was originally launched in October last year. Mr Gardiner will also continue in his role as international liaison partner for Crowe Horwath Australasia, which is a...

  2. Supply, demand patterns for firms creates 'interesting dynamic'

    of market to look at an external exit, because there’s a ready market.” Mayflower director Sarah Penn said this might not last over the long term, however, with a lot of Baby Boomers looking to retire over the next 10 years. “Everyone’s been talking...

  3. Top 3 CGT errors in 2017 flagged

    of the contribution,” Mr Lewis explained. This may have happened in circumstances where the members wanted to utilise their last opportunity to contribute the $540,000 worth of non-concessional contributions into superannuation, he said. “So [in those...

  4. ‘Predictable’ budget leaves regional firms behind, says mid-tier

    the back of the positive mid-year economic and fiscal outlook. In the MYEFO release by Treasurer Scott Morrison in December last year, the government confirmed that the budget was on track to return to balance in 2020-21, with the underlying cash...

  5. ‘Bean counter’ image tipped to fade as accountants look to strategic partnerships

    real relationships and new communities promoting knowledge sharing and support. We all win when this happens.” Looking ahead Last year, Sequel CFO announced the launch of its first two franchisees and recently recruited Lance Rubin from KPMG as head of...

  6. 'One sloppy team member' could topple a firm under new laws

    protocols and notification procedures kicking in next month. The Privacy Amendment (Notifiable Data Breaches) Bill passed last year and will commence on 22 February this year. It will require agencies, organisations and certain other entities to provide...

  7. Super returns on the up despite clients’ hesitation

    momentum had both helped returns hit the estimated 10.5 per cent – almost double the 5.6 per cent average seen over the last decade. This figure would also mark the sixth consecutive year of positive returns, the statement added. As a result of the 2016...

  8. Real estate lobby pressures government for further tax concessions

    houses Australians already own becoming more expensive,” economist Saul Eslake said around the time of the federal budget last year.

  9. Mid-tier launches new service line with PwC hire

    regulatory environment,” added David Garvey, managing partner of BDO’s Melbourne office. This follows BDO’s appointment late last year of ex-KPMG manager Mark Schiavello, and confirmation of the mid-tier’s intentions to make big changes across the board...

  10. 2018 accounting job hotspots revealed

    Recruitment Job Report for January to June, for reasons including a leakage of candidates to commercial organisations. Late last year, Hays’ research put the audit function in the automation pipeline, but employers are still finding significant value in...

  11. Tax debt transparency laws: the ATO’s new 'big stick'

    disclosure error, says one industry body. Exposure draft legislation for the transparency of business tax debts was released last week, aiming to allow the ATO to disclose business tax debts to credit reporting bureaus where the businesses have not...

  12. Poll hints at adviser exodus, accountants urged to pounce

    advice to retail consumers is covered by this new legislation,” said Mr Marshan. FASEA’s education guidance released last December proposes that an AQF7 qualification, which is equivalent to a three-year full-time university degree, or an AQF8...

  13. ATO action likely as cryptocurrency takes off with clients

    with characteristics similar to bitcoin are an asset for capital gains tax (CGT) purposes, as per the ATO’s update last year. “Accodex has observed a spike in enquiries in recent months. Most of them are speculators that have made significant capital...

  14. Mid-tier firm's corporate finance arm in hot water with ASIC

    AFSL, which excludes the firm from providing advice as an “independent expert.” The move was effective from 20 December last year. Accountants Daily understands that the AFSL in question is operated by the Melbourne office only, meaning other firms in...

  15. Government pushed to reform ‘far too complex’ awards structure

    for the government to support that to make it easier for our bookkeeping community to help business employ more people.” Last year, Ms Carnell said her office would be looking to simplify the industrial relations system in 2018. “We want to focus on...

  16. Accounting degrees to be hit by funding cuts

    student places across the board. In the Mid-Year Economic and Fiscal Outlook release by Treasurer Scott Morrison in December last year, the government revealed that it would freeze university funding for student places at 2017 levels. Rating agency...

  17. 'Constant attention from accountants' tipped with new SMSF borrowing rules

    constant attention from accountants” and will impede the attractiveness of gearing in super, according to the Tax Institute. Last week Treasury released a consultation paper on two measures for limited recourse borrowing arrangements (LRBAs), one of...

  18. Relief for accountants as ATO extends SMSF lodgement deadline

    is set to be released today to confirm the change. This is the second year in a row the deadline has been extended. As with last year’s extension, the ATO acknowledges professionals may need more time to cope with significant legislative and regulatory...

  19. Software exec fears for start-ups, add-ons market

    rate of software start-ups, and the implications for users’ data. Smithink’s founding director told Accountants Daily late last year he’s concerned by a general lack of awareness that the “overwhelming” number of small accounting software packages —...

  20. Post-Trump corporate tax rate debate ‘misrepresented’

    between the level and allocation of cross-border investments and the corporate tax rate,” Mr Leonard told Accountants Daily last month. “Attracting foreign direct investment is the primary goal of many who advocate reductions in statutory company tax...

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