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  1. PwC appoints Channel 10 exec to advisory arm

    joins the PwC’s CMO Advisory leadership team today. Accountants Daily understands Ms Gloster left Network 10 in December last year, after joining in August. Prior to that, she was chief executive of the Australian Association of National Advertisers for...

  2. Access to tax breaks threatened under new recommendations

    to claims. “There is this constant tweaking. It causes instability in the market because people just don’t know if it’s the last change and if it’s stable. How do you budget your five or six-year innovation spending like that, what does the roadmap look...

  3. Accountants encouraged to rally against Labor’s ‘significant policy change’

    of Public Accountants believes debate should be “run up the flagpole” well ahead of the next election. In early May last year, opposition leader Bill Shorten said a Labor government would cap the amount claimed by individuals for management of their tax...

  4. ASIC releases professional standards information for licensed accountants

    requirements, set the exam and CPD requirements, and develop the code of ethics. 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...

  5. Mid-tier tips M&A activity to surge in 2018

    cent have tipped corporate activity levels to be higher than 2017, with the remainder expecting it to be at least as high as last year. According to the report, 2017 saw a surge in M&A activity in Australia, with 1,127 deals — up 55 per cent on volume...

  6. Accountants, planners grouped together as new education standards rollout

    must have a relevant bachelor or higher degree, or equivalent qualification, and 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...

  7. ATO gets defensive on big business tax compliance

    larger, than the large corporate tax gap that we released of $2.5 billion dollars,” said commissioner Chris Jordan late last year. [email protected]

  8. 5,000 tax agents linked to key ATO compliance target

    balance cap requires the tax office to have significantly more up-to-date data on a fund’s assets and activity. Late last year, the ATO said since the latest round of superannuation reforms, non-lodgement has become “a bad thing times 10” for the...

  9. Do you want to be a rusted adviser?

    be taken otherwise we truly will see a “race to the bottom”, see our relevance to the business community diminish and, the last remaining few practitioners that do remain will be seen as “rusted advisers”.

  10. ATO plans auditor blitz for 18/19

    of 93 did not satisfy auditing benchmarks. Findings like this suggest “ongoing attention” is warranted, Mr Price said. Late last year, ASIC said audit firms would be subject to inspection in FY17/18 with a focus on asset values, revenue recognition,...

  11. Ex-CIMA president hits out over model of accounting associations

    about what they can offer beyond the number crunching.” The NSW-based accountant who led the charge against CPA Australia last year, Brett Stevenson, similarly raised these questions with Accountants Daily earlier this month. Mr Stevenson is concerned...

  12. Law firm eyes mid-tier accounting firms in M&A expansion plans

    Gerry Cawson mirrored predictions on the M&A market, and said its expansion in Sydney was a natural progression. “Over the last 18 months we've seen an uptick in M&A activity — I’ve not seen anything that suggests that's about to slow, I think that's...

  13. Former big 4 director joins Moore Stephens

    information systems and corporate finance engagements placed him in good stead to broaden the firm’s offering. “Over the last 12 months we have seen a real increase in the demand for strategic consulting advice from clients especially around business...

  14. Next rollout phase of new ATO portals imminent: second commissioner

    quarter of this calendar year, Mr Katf told Accountants Daily. It has been in private beta testing since about December last year, when around half of its functions were rolled out to a test group of what is now approximately 100 tax agents. Delivery of...

  15. Sluggish TPB processing as 19,000 financial advisers registered

    constraints. We are always looking for ways to improve our processes to achieve greater efficiency,” said Mr Taylor late last year. “However, the additional tax (financial) adviser renewal requirements may impact on the service standards we have...

  16. Payroll, compliance issues top dodgy practices in Aussie business

    with two-thirds of the workplace regulator's court cases involved alleged record-keeping or pay slip contraventions in the last financial year.

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

  17. ASIC signals 2018 focus on accounting standards in fresh report

    regulatory approach in the corporate finance sector for the period July to December 2017. Repeating its focus area from late last year, the corporate regulator has announced that it will be “closely reviewing” the implementation of the three new...

  18. MYOB’s STP delays leave CEO unfazed

    to an STP enabled version of AccountRight to ensure you are ready to meet your STP reporting obligations,” MYOB told users last week. Speaking to Accountants Daily, Mr Reed said he’s confident in a smooth rollout despite the deadline deferrals. “We are...

  19. Banks remain SME favourite for loans as software providers move in

    lending space has been growing with KPMG revealing that Australia’s alternative finance market has grown 53 per cent last year. Further, ASIC’s second survey of the marketplace lending industry for the 2016-17 financial year showed $300 million in loans...

  20. ‘No blanket extensions’: ATO set to contact 150,000 in STP push

    today, some of them are not ready,” Mr Laming said. Guidance from the ATO for software developers was finalised in December last year. [email protected]

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