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  1. Professional bodies mount last-ditch deferral request

    them for the first time ever. “Our members are telling us throughout the duration of the crisis, and in particular over the last three to four weeks, that they have been inundated with pressing requirements to assist their clients access the variety of...

  2. KPMG announces new partners

    directors across all divisions of the firm. The number of partner and executive director appointments is up from 35 last year. Twenty-three new partners (60 per cent) are from the firm’s Advisory division, almost double last year’s 35 per cent. Notably,...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  3. KPMG expands into Greater Western Sydney

    KPMG has recruited a former Deloitte Private senior partner to lead a new office in western Sydney. Announced last week, KPMG will open a new practice in Parramatta relocating around 30 partners and staff for the opening. The office will be led by...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  4. SMEs building their business pipeline

    MYOB shows 36 per cent of SMEs have increased work or sales booked in for the next 12 months, up from 28 per cent in August last year. The September 2014 MYOB Business Monitor Report also showed a relatively stable level of revenue growth among SMEs and...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  5. Xero doubles customers, makes senior appointment

    Xero has announced a new senior appointment after declaring it has doubled its Australian customer base in the last 12 months. The software giant said that, as at 30 September 2014, it had 158,000 Australian customers, up from 79,000 12 months ago....

  6. Key Bill for CAANZ amalgamation passes

    The Accounting Infrastructure Reform Bill passed its third reading last week, paving the way for Chartered Accountants Australia and New Zealand to officially amalgamate. Part of the bill is an amendment to the NZICA Act 1996 which allows the two...

    • Type: Article
    • Author: Staff reporter
    • Category: Business

  7. Senator warns FOFA move will hurt financial services

    warned of the costs of legislative uncertainty for the financial services industry following yesterday's FOFA disallowance. Last night a motion disallowing the government’s bill amending FOFA passed through the Senate, having been knocked back by the...

    • Type: Article
    • Author: Aleks Vickovich
    • Category: Regulation

  8. Reckon announces solid growth

    Reckon achieved 10 per cent EBITDA growth last year, while total revenue cracked the $100 million mark for the first time. Revenue reached $100.8 million for the year, a 3 per cent increase from 2013. Chief executive Clive Rabie said the results...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  9. Accountants' licensing lag 'disruptive' to SMSF sector

    Accountants who leave their SMSF licensing decision to the last minute could see an advice gap form in the SMSF sector, according to AMP. The slow take-up of the limited licensing regime for accountants is persisting as a “big issue” in the SMSF...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super

  10. ATO offers guidance on proposed asset deductibility scheme

    to allow small business an immediate deduction for each asset they buy costing less than $20,000. The scheme, announced in last week’s federal Budget, will apply to small businesses with a turnover of less than $2 million dollars and will back-date...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  11. A standard chart of accounts is coming, says the ATO

    which include increased automation and a standard chart of accounts. ATO deputy commissioner Steve Vesperman, who spoke last week at the IPA’s Tasmanian Congress, said the tax office is currently working on a number of projects aimed at increasing...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  12. ATO to target foreign income-earners, warns H&R Block

    Block has warned the ATO will target foreign income earners this tax year after the Project DO IT amnesty was withdrawn late last year. Project DO IT (Disclose Offshore Income Today) was announced on 27 March 2014 to allow eligible taxpayers with...

  13. CCH launches cloud-based tax solution

    has officially launched its online cloud tax solution to the Australia market. After a successful pilot program run over the last year, CCH officially launched a tax solution for accountants as part of the CCH iFirm suite. Speaking to AccountantsDaily,...

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

  14. Tax office sounds warning on pensions

    responded to confusion regarding the partial segregation of assets for pension purposes. Speaking at the CPA SMSF conference last week, the ATO’s Kasey MacFarlane, assistant commissioner, SMSF segment, superannuation, confirmed that SMSF trustees cannot...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  15. Australian Accounting Awards to expand in 2015

    Accounting Awards set to open on Monday, AccountantsDaily has unveiled a host of new categories for the 2015 event. Last year’s program offered 13 awards to leading firms and individuals. In response, AccountantsDaily was inundated with submissions...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  16. What accounting looked like ten years ago - and how the industry is changing

    Five years on from the turn of the millennium, the industry had gotten over its last major change – the introduction of GST. With small businesses now required to produce quarterly BAS statements as well as their annual tax returns, they were beginning...

  17. Laws to simplify the superannuation guarantee have been scrapped

    proposed to simplify the superannuation guarantee (SG) regime and reduce penalties for non-compliance has been scrapped. Last week, The Treasury Legislation Amendment (Repeal Day 2015) Bill 2016 was passed by the House of Representatives with two...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  18. CPA remains confident regarding licensing offering

    in its ability to operate alongside “the big financial institutions”, despite not being fully operational yet. In June last year, CPA Australia announced it would establish a new wholly owned subsidiary to provide independent financial advice to...

  19. IPA applauds government's support of SMEs

    The Institute of Public Accountants has praised the government for supporting the nation's SME sector in last night's federal budget. In a statement, IPA CEO Andrew Conway said he was pleased to see the government build on initiatives announced in last...

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

  20. EY hits out at super changes

    The changes announced in the federal budget last week will pose some challenges to the efficiencies of the superannuation system, according to EY. Superannuation was a key, if not overwhelming, focus of last week’s federal budget. High-income earners...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super
Results 221 - 240 of 4010
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