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  1. Sage makes play for larger firms in latest partnership

    Sage, the partnership reinforces its focus on the tax return market in Australia, and is in line with plans it foreshadowed last year to target larger firms. Sage’s traditional base has been firms with less than 10 employees, but its outgoing accounting...

  2. 'A busy night' for accountants: Chris Richardson

    Budget Paper No. 2, the one that has the decisions in it, and as Fairfax journalist David Crowe noted, it looks bigger than last year's, and although some things have been leaked or been speculated about ahead of the budget, I think you can safely say...

  3. Cryptocurrency audits tipped to increase this EOFY

    be part of a broader risk analysis by the ATO.” New register requirements for digital currency exchange providers introduced last month are also a clear direction of the government’s broader plan to close out any tax loopholes related to cryptocurrency....

  4. 3 Fail-safe Ways to Land New Clients

    you will be able to refine your skillset, develop a stronger profile and address your market more effectively. And the last one: capitalise on the power of content marketing. By reaching out to a targeted audience with relevant and engaging content you...

    • Type: Article
    • Author: Nicolette Maury, Vice President and Country Manager, Intuit Australia
    • Category: Business

  5. Clean sweep for CPA board at AGM

    hurt, anger, and the extreme disappointment that members have experienced over the events that unfolded in our organisation last year”. It then descended into a frustrating evening for members present when Mr Wilson revealed that the four board-proposed...

  6. Accountants become unlicensed as Dover shuts down  

    Lawyer and financial services executive Terry McMaster wrote to authorised representatives of his Dover licensee business last week, announcing the cancellation of its AFSL following the intervention of ASIC. According to the email, obtained by...

  7. Popular deduction in ATO’s firing line after 20% spike

    to quash "automatic entitlement" claims. According to the tax office, clothing claims have risen by 20 per cent over the last five years, with 6 million people claiming nearly $1.8 billion in laundry expenses last year. “While many of these claims will...

  8. Record intake for KPMG brings down partnership to 75% male

    per cent of internal promotions. The partnership is now 25 per cent female, a slight improvement from 24 per cent this time last year. KPMG’s Alison Kitchen, the firm’s first female chair, marked gender diversity as a top priority around her appointment...

  9. CPA Australia shuts down licensing arm

    by former auditor-general Ian McPhee. Mr McPhee's recommendation followed the association's corporate governance crisis last year. CPA Advice has struggled from its launch in 2015 to attract members, falling hundreds short of its business projections by...

  10. Accounting offshore – the 8 things you need to know

    your investment offshore when you’re not there. About the author Andrew Mault has worked in operational management for the last 25 years, in outsourcing and offshoring for the last 12 years, and has been based in the Philippines for the last 5 years....

    • Type: Article
    • Author: Andrew Mault
    • Category: Business

  11. Reckon first-half results take a hit

    morning, Reckon posted a $39.9-million revenue for the six months to June 2018, down 6 per cent from $42.3 million recorded last year. Its net profit attributable to members came up to $5.2 million, down 5 per cent from $5.4 million last year. MYOB’s...

  12. ‘I had no off switch’: Rod Drury reflects on time as head of Xero

    software firm for the past 12 years, admitting to being unable to find optimal work/life balance. “I flew every week for the last two years and, really, for the last 15 years, I’ve flown at least every week or two. While I like to think I was a good...

  13. Interrogation claim from accounting firm puts heat on ATO

    firm that claimed there were “interrogated” by the ATO while acting on behalf of their clients. In a parliamentary hearing last week, Senator Cory Bernardi raised an issue brought to his attention by an unnamed accounting firm that claimed that they and...

  14. Federal Court dismisses tax agent appeal

    a decision by the Federal Court to dismiss the appeal of a tax agent who was rejected from renewing his registration. Last week, Justice Logan of the Federal Court dismissed the appeal by Philip Ham, upholding the Administrative Appeals Tribunal (AAT)...

  15. ATO defends ‘front door’ program

    to interview certain trustees, to ensure the integrity of the sector is upheld. Speaking at the SMSF Summit in Melbourne last week, ATO assistant commissioner Dana Fleming said the agency’s “secure the front door” program, a compliance program used at...

  16. 40k funds to face compliance scrutiny for non-lodgment

    Dana Fleming said the Tax Office would be dealing with about 39,000 non-lodging SMSFs following its work with such funds last year. “I can’t emphasise how seriously we take the lodgment obligation to lodge an SMSF's return annually – this provides us...

    • Type: Article
    • Author: Jotham Lian
    • Category: Super

  17. Revealed: Inside CA ANZ massive CPD, CA Program changes

    of workers, and flexible learning options are filtering into tertiary institutions. The active employment policy was changed last term, and is effective immediately. Ditching paper exams Digitising the CA Program’s learning experience is a key focus for...

  18. Tax agent rego suspended after $100k shortfall detected

    compliance work for the 2017-18 period resulted in a total number of 287 sanctions, including 24 terminations, up from 17 last year. According to the TPB’s annual report, the sanctions included 81 impositions of order and 182 written cautions. “The...

  19. What will your accounting tech stack look like in 2019?

    relook at accounting technology in 2018 to shape an idea of what you can expect to see in your technology stack this year. Last year brought us a range of new and exciting challenges, and also delivered more of the same. Perhaps you didn’t feel the...

  20. Errors in 9 out of 10 rental claims prompt new compliance blitz

    expenses, which has seen the average claim fall by $130 over the past two years – the first time it has fallen in the last 25 years. Mr Jordan expects the estimated revenue gain for that same period to be around $600 million. Last year, the Tax Office...

    • Type: Article
    • Author: Jotham Lian
    • Category: Tax
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