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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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...

  6. 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,...

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. ATO details SMSF monitoring strategy

    industry more generally and providing assistance where required." Each auditor contravention report received by the ATO will lead to the SMSF being risk rated on the basis of the information in the report and other information, with funds receiving a...

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

  13. Australia to adopt the CRS in 2017

    chaos, with incorrect information being disseminated. Alternatively, early adoption without appropriate systems would lead to information collected and exchanged, but left sitting in the proverbial waiting room without the ability to link it to taxpayer...

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

  14. Lloyd Morgan says accountants must do more

    areas that could do with a makeover, and do it, or contribute your time and ideas. Think website, presentation documents, lead generation lists, or industry intelligence. Organise a 10-minute chat with your boss once a month to outline your ideas. Be...

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

  15. Accountant faces court over lodging false documents

    investment schemes outside the legal requirements”. In June ASIC accepted an enforceable undertaking from the former Banksia lead auditor Warren John Sinnott, suspending him until 2019. Discussing Mr Sinnott’s case, ASIC commissioner John Price said it...

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

  16. How can SMBs use IT more strategically?

    (eg. new geospatial information, social media, and market research)? o Are there mobile data that can be leveraged to reduce lead times or better locate and communicate with my staff? o Am I exposing the advances in digital infrastructure enough (or as...

  17. Smart SMEs utilise data, says Deloitte

    cloud used by the smartest SMEs alongside social and mobile to better connect with their customers in real time, anytime. Lead researcher and Deloitte Access Economics Director, John O’Mahony said the survey paints a picture of an increasingly...

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

  18. Sterling Publishing acquires leading legal title

    Sterling Publishing Pty Ltd (Sterling), owner and publisher of AccountantsDaily, has acquired Australia’s leading legal media brand, Lawyers Weekly, from Cirrus Media Pty Ltd (Cirrus). Launched in 2000, Lawyers Weekly is the respected and authoritative...

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

  19. BDO names five new partners

    joined the firm after previously working at Deloitte in Melbourne. Zara Ritchie, who will join the firm as Transfer Pricing lead, has been recruited from PwC while just one new partner, Stephen Seear, now a Corporate Finance partner, has been promoted...

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

  20. SMSF penalties and sole purpose test illuminated by the Federal Court

    5 August 2014): For penalties to be imposed there will usually be an unrectified contravention or repeat contraventions that lead us to begin audit action. … Administration penalties will only really be a concern where there are serious contraventions....

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