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  1. PwC takes total partner number to 734

    on parental leave, with plans to return part-time. “The idea of how a ‘typical’ partner works has come a long way in the last few years, influenced by our all roles flex policies, and supported by technology which enables our people to work seamlessly...

  2. Major acquisition, internal promotions see 104 new partners join KPMG

    coming from internal promotions. KPMG has announced its new partner intake for 2019, with 104 new partners named, up from 78 last year. The majority of appointments were made in the deals, tax and legal division, with 41 new partners being named in this...

  3. Big four firm hires CFS general manager in leadership shuffle

    executives, Ms Elkins has been with CBA for over nine years and executive general manager at Colonial First State for the last 7 years. She has been responsible for providing member outcomes for more than 1 million superannuation members and investors....

  4. William Buck seals double merger

    its clients for more than 50 years. William Buck managing director Jamie McKeough said formal discussions commenced mid last year, with both parties seeing significant benefits for clients and staff in a merger. “This is a merger between two firms with...

  5. Hays highlights accounting job hotspots for 2nd half of 2019

    of employers will increase their accountancy staff salaries in their next review, up from 87 per cent who did so in their last review. However, the value of these increases will fall. Sixty-five per cent of employers were looking to raise salaries at...

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

  6. What accountants and financial planners can learn from how medical teams collaborate

    involved. As a person with no medical qualifications, it was overwhelming and exhausting. Who knew what? When did we last see someone? What did that report say? How have things progressed over time? Once we had accumulated a sufficient number of...

    • Type: Article
    • Author: Sarah Pilling, myprosperity
    • Category: Business

  7. ATO reveals ‘very concerning’ number of misused auditor numbers

    breached the Code of Professional Conduct of the Tax Agent Services Act 2009 (TASA). “We referred five tax agents to the TPB last financial year for deliberate SAN misuse,” it said. The ATO said all SMSF auditors will get another opportunity to review...

  8. Over 50,000 SMSFs contacted in late-lodgment crackdown

    she said. Earlier this year, ATO assistant commissioner Dana Fleming said following the ATO’s non-lodgement program last year, there has been a reduction in the number of non-lodgers across the SMSF population, with the number of overdue lodgers...

  9. STP data sharing set to increase scrutiny on employee work rights

    seen a surge in demand for work right validation, with Mr Paff reporting a 400 per cent growth for vSure’s customer base last fiscal year. Buoyed by this, Mr Paff has acquired vSure together with an investor group led by Bruce Carr, with founder Mark...

  10. Federal Court paves way for taxpayer to argue ATO owes duty of care

    owes a duty of care is “reasonably arguable”, which could possibly open the “floodgates” to other negligent claims. Last week, in Farah Custodians Pty Limited v Commissioner of Taxation (No 2) FCA 1076, the Federal Court granted leave for a taxpayer to...

  11. CPA and CA ANZ designation now recognised by FASEA

    body would now continue to lobby for “maximum recognition”. “Having worked hard with, and alongside, FASEA over the last 18 months to lift standards, the next step is to continue to engage with them to clarify what studies will count for further...

  12. Claim trends that every accountant will want to know

    into a new financial year these are some claim trends that the Accountancy Insurance Claims team have identified over the last 12 months which may be of interest to your accounting firm. As an accountant you are acutely aware that quite often reviews or...

    • Type: Article
    • Author: Accountancy Insurance
    • Category: Business

  13. ‘Spreadsheets and a matrix’: Understanding FASEA’s education pathways

    to abound across the industry as accountants struggle to make sense of FASEA’s recognition of prior learning policy. Last week, FASEA announced that it would recognise the professional designation coursework by Chartered Accountants Australia and New...

  14. FASEA exam ‘buys more time’ for licensing decisions

    that it’s not worth it, but they should still do the exam,” Mr Moss said. “Anyone you know who has been licensed in the last two years should do the FASEA exam because it extends their opportunity to get re-licensed within the next four years if they...

  15. How family, fun and running a firm fit in this director's day-to-day

    With all that in mind, is the accounting profession more social than it once was? The conference scene has taken off in the last few years. I absolutely agree. Conferences used to be technical, run by a professional body. There’d be a bit of networking,...

  16. Foreign resident CGT law rakes in over $1bn

    in CGT assessments have also been captured in compliance and engagement activity by the Tax Avoidance Taskforce over the last two years, including $290 million in cash collected through the government’s focus on property and other asset sales by...

  17. The value proposition of an accountant

    years, and many do more than that if they have other designations. An area of concern that has been in the media in the last week, and a possible reason for the widespread variation of pricing for accounting, tax and BAS services, are the number of...

    • Type: Article
    • Author: Amanda Gascoigne, Amanda Gascoigne Consulting
    • Category: Business

  18. Moore Stephens looks to challenge big four with legal expansion

    by Moore Stephens International Limited (MSIL), with the Australian arm now part of the greater Asia-Pacific region. The last financial year also saw a record number of accounting graduates recruited across the network, with 40 graduates joining. Mr...

  19. ‘Why has it taken so long?’: Government pressed to close SG loophole

    a loophole that could be used by employers to short-change employees who choose to make salary sacrifice contributions. Last week, the government introduced Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, with one of the...

  20. Government set to introduce $10k cash limit from 1 Jan 2020

    services across the economy as it hopes to tackle tax evasion and black economy behaviour. Announced in the federal budget last year, the proposed measure looks to make it a criminal offence for businesses to make or accept a cash payment of $10,000 or...

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