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  1. Practice Ignition appoints Receipt Bank manager for national customer role

    has reported a 45 per cent increase of payments processed through its platform - from $90 million to $200 million. This time last year, Practice Ignition had just reported a $5 million capital injection, and the appointment of former Intuit business...

  2. New ATO portals to go public by year end

    100 tax and BAS agents so far. According to an ATO spokesperson, a further 90 tax and BAS agents have been invited, as of last week, taking the total number of beta testers to 200, with the move to public beta testing slated to arrive by this year end....

  3. ACCC finds SMSF, property clients captured by scams

    on the rise this year with the amount of money lost on an average month-on-month basis increasing 117 per cent compared to last year. "Last year, Australians reported they lost $64.6 million to investment scams to Scamwatch and the Australian Cybercrime...

  4. ‘Extraordinary impost’ prompts insolvency exodus

    receiving correspondence from ASIC which outlines the metrics that will make up their ASIC Industry Funding payments for last year, but they still have no idea what it’s actually going to cost them,” said Mr Winter. “At this stage, liquidators are only...

  5. Accountants’ exemption revival lobby in the works

    Financial Services Kelly O’Dwyer, much like he did when the ATO’s portals were going through a period of extreme instability last year. This is not the first time scrapping the limited licensing regime has been raised. For one, Mayflower Consulting...

  6. Big four boss credits high-profile appointments, tax arm for FY18 results

    announced a 9.2 per cent revenue growth to $1.64 billion for the 12 months to 30 June 2018, up from $1.5 billion recorded last year. Mr Wingrove said the firm’s results were down to its management consulting business, which continued to be its...

  7. KPMG snags another marketing heavyweight

    of such a dynamic business in a rapidly evolving environment is energising and I can’t wait to start making an impact.” Just last month, KPMG CBMA announced the acquisition of customer experience innovation consultancy, UDKU. The acquisition follows a...

  8. Accountants urged to steer clients through looming lending squeeze

    as they begin to navigate a tighter lending space. “The lending environment is certainly changing and has changed in the last couple of years and certainly with the royal commission now, the lending criteria is getting tighter, so I'm seeing accountants...

  9. IPA locks in new exec appointment

    Michael Linke, who was executive general manager for member services. Mr Linke departed the IPA in the second half of last year. In July last year, the IPA made significant changes to its professional development and education services, including...

  10. Review of small business payment time underway

    payment time for small business clients. The Business Council of Australia’s supplier payment code, introduced in May last year, was aimed at improving payment times across the economy and committing signatory companies to pay small businesses within 30...

  11. New Deloitte acquisition marks focus on automation for tax

    of new technologies and we are looking forward to delivering the next wave of innovation to clients.” Deloitte signalled last year that it had a "pipeline" of investments set for release in 2017 and 2018, many of which have so far had a digital focus....

  12. CA appointed to CBA board

    and masters in applied finance. Mr O’Malley stood down as managing director and CEO of BlueScope Steel in the second half of last year, after 10 years at the helm. He was chief financial officer prior to that. Mr O'Malley was also the chair and CEO of...

  13. Cash crackdown justified, but give biz a break, says IPA

    in recent times, with a number of measures announced following a raft of recommendations by the black economy taskforce last year. Most recently, legislation to extend the taxable payments reporting system (TPRS) to the cleaning and courier industries...

  14. New payments platform set to shake-up invoicing, payroll

    “The direct entry system is a great system, it works well, it is cheap, it is functional and it has done its job for the last 40 years but it is not the system that Australia needs to move through another 40 years of innovation in the payments industry...

  15. Shift from ‘traditional accounting’ in new mid-tier boss’ sights

    Rowe, who joined the firm in January this year, has now taken the reins as chief executive. Staff were informed of the move last month. This follows the appointment of Alan Green to the newly-created role of chair of the firm this time last year. The...

  16. Further tax audits in the works, says director

    the next 12 months, in light of increase data matching from the ATO. “What we’re finding is that the ATO has said over the last number of months that they are doing a lot of comparison of databases, bank accounts from overseas,” said Mr Munro. “Every...

  17. Accounting apps market grows, but jury is out on effectiveness

    a network, build your own community of advisers and find people who you can refer your clients to.” Future proofing Late last year, Smithink founder, David Smith, said he’s finding a number of niche products being developed as add-ons to core accounting...

  18. ‘Our profession can demand a lot’: CA ANZ joins mental health debate

    (IPA) has been lobbying for the role of accountants in the mental health of their clients to be recognised since mid last year. For chief executive of the IPA, Andrew Conway, federal government being aware of the impact an accountant can have on the SME...

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

  19. How can you help your food and hospitality business clients?

    a lot of those seem to be less favourable than they used to be. For example the Smooth FM festival of chocolate at Homebush- Last year it was a tremendous success for every food vendor that went but this year they moved it to Homebush and it was a...

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

  20. Treasury CGT defence panned, questions raised

    been criticised, with opponents concerned that little to no amendments will be considered. Fronting a parliamentary hearing last week, Treasury’s corporate and international tax division head Paul McCullough said the Treasury Laws Amendment (Reducing...

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