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  1. Corporate regulator's funding slashed

    and changing the funding model around for licensees and financial planning businesses," he said. Funding cuts inevitably lead to staffing cuts, he added. "The question is which divisions in ASIC they're cutting those resources from – and what direct...

  2. Ignoring GST is costing small business

    such as insurance, motor vehicles, conveyancing and payroll; enable reductions in corporate and personal tax rates; and lead to an increase in productivity and economic growth for Australia, said Mr Malley. “We have to stop thinking of tax reform as...

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

  3. MYOB strengthens its online capabilities

    enhance their client relationships. “From our perspective as an accountant, the increase in connection to our clients will lead to more client engagement, allowing us to seamlessly partner with the client to achieve their goals,” he said. “This also...

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

  4. Australia cautioned on complacency

    the money wants to come flooding back the other way and people want to get out, there’s no road there,” he said. “This will lead to volatility in the illiquid asset class.” The Institute of Chartered Accountants' head of leadership and advocacy, Rob...

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

  5. The key to successful leadership

    for being a respected and successful boss. Nick Deligiannis, managing director of Hays in Australia and New Zealand, said leaders must take stock of their management style as it is all too easy to slip unconsciously into poor behaviours without even...

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

  6. 'Innovate and adapt', says Deloitte

    of customers in new markets, according to Deloitte. Releasing a new report, Australian Business Trends 2014, Selwyn D’Souza, lead strategy partner at Deloitte, said Australian companies must capitalise on proximity to the growth markets of Asia and take...

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

  7. Insolvencies set to spike

    of the federal Budget, government departments are finalising budgets and resources for 2014/2015, which Mr Cribb said will lead to the ATO ramping up tax debt recovery efforts and the likelihood of all forms of insolvency appointments increasing in the...

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

  8. Warning on international information exchange

    to work, such as birth dates and places of all individuals • The lack of any materiality criteria in the CRS, which could lead to significant compliance costs where revenue loss is not material • The concerns of confidentiality of taxpayer information –...

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

  9. ICAA and NZ chartered accountants join forces

    has been the new organisation being the most relevant service to our members, particularly with the focus on education and leadership and advocacy,” added Mr White. “The new body will directly benefit members through the robust, responsive and relevant...

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

  10. KPMG announces new partners

    director joins the firm’s Direct Investments team to support the momentum in M&A activity; and a new partner will also lead KPMG’s Pursuits team, with the incumbent partner promoted to a global position. Twenty-four percent of KPMG’s new partners are...

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

  11. CPA slams idea of apolitical tax commission

    to be fought on the issue. “Tax reform will only happen if it’s led by the Commonwealth. The Commonwealth must take the lead on it and we expect that they will,” he said. To implement reform successfully, the government will have to sell a whole...

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

  12. Deloitte acquires boutique firm

    Deloitte Private has today announced the acquisition of a leading Western Australia-based tax and advisory firm. KD Johns and Co will join Deloitte’s Perth office effective 1 October 2014. The firm provides tax and advisory services to many of Western...

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

  13. Firm fined over misleading statements

    An accounting practice has paid an infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund. The firm, Your Super Accountant, was fined $2,040 after making...

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

  14. When selling an accounting practice ...

    from the practice has not reached the previous levels represented by the seller. There are a number of issues that regularly lead the buyer to refuse to pay the retention sum when the time comes. They are generally packaged up under the claim that the...

  15. PwC appoints two leading lawyers

    year. Mr Blue was the managing partner responsible for the firm's Corporate M&A and Tax practices and has held various other leadership and governance positions including managing partner, international and was a member of the firm's board. Luke Sayers,...

  16. Chan & Naylor warns FoFA will be lose-lose

    put advisers back in the firing line. If FoFA passes to law in its current iteration then Mr Hasib believes that this will lead to a number of perturbing outcomes including increased red tape, further consumer confusion and, as the cost of doing...

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

  17. Deloitte warns on potential staffing crisis

    Organisations need to prepare for a striking shift in employee expectations to avoid potential retention and leadership crises, according to Deloitte. The top four firm recently conducted the Deloitte Global Human Capital Trends 2014, a survey of over...

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

  18. 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

  19. Opportunity for accountants in mortgages

    Business that the close, trusted relationship consumers already enjoy with their accountant or financial planner will lead to these professions playing a more prominent role in the future of mortgage distribution. “I believe the new era is going to be...

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

  20. PwC to tackle 'problems worth solving' in western Sydney

    investors and customers from government and business to ensure the solutions are commercially viable. Trent Lund, PwC lead partner, Innovation and Ventures, said there's no shortage of ideas, people or organisations that want to solve the issues...

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