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  1. Accountants told to up their game on cyber security

    a security product doesn’t make a business safe. The underlying business environment needs to be secure. Poor foundations lead to poor security,” Mr Shatter said. He noted three key things businesses, including accounting firms, must do to protect...

  2. Grant Thornton launches new division, eyes mid-size business market

    said. Chief executive of Grant Thornton, Greg Keith, is buoyed by the latest move. “We’re delighted to welcome Daniel to lead our Debt Advisory service, ensuring mid-size businesses have access to independent advice in obtaining the best debt funding...

  3. Accounting tops Aussie list for salary bias

    and insurance services sector, including accounting, has the highest gender pay gap, as well as low numbers of women in leadership roles. Yesterday Bankwest Curtin Economics Centre (BCEC), in collaboration with the Workplace Gender Equality Agency...

  4. Mid-tier issues reminder on contentious CGT relief

    BDO has warned that the moving of assets above $1.6 million from pension phase to accumulation phase after 30 June 2017 will lead to earnings, including capital gains, on those assets in accumulation phase attracting tax at 15 per cent and generally 10...

  5. Small business ombudsman to undergo review

    creation, this process will help ensure that support is targeted in the right places.” The review team will be chaired by a lead reviewer, Su McCluskey, assisted by a secretariat, and is required to be completed by no later than 30 June 2017. A...

  6. 3 tips to manage your credit score

    high interest options you will maximise the chances of maintaining a good credit score. Too many business loan declines may lead to inability to access financing The more credit applications you get refused for and the more credit applications you...

    • Type: Article
    • Author: Tino Ho from Bigstone
    • Category: Regulation

  7. ATO set for increased audits, debt crackdown

    take on the increased number of audits for inbound funding arrangements in the very near future,” said Zara Ritchie, global lead, transfer pricing, BDO. “The loss of the appeal and the case as a whole highlight the Australian courts’ view that the arm’s...

  8. ASX-listed firm names CA, CPA in exec ranks

    founded by Bryam Johnston and Martin Smith in 2006. The firm’s board yesterday announced two significant changes to its leadership. Mr Johnston, who is a fellow of the Institute of Chartered Accountants, has stepped down from the role of CEO to solely...

  9. Budget set to dodge growing tax issue

    favourably taxed passive income can reduce the Australian tax paid by investors and may distort investment decisions and lead to reduced economic efficiency. Mr Morrison said the government is “taking steps to eliminate this practice”, with Treasury...

  10. IPA 'disappointed' with govt's missed tax opportunity

    the government have support for. The first was recommendation 3.2 that governments should fully and promptly implement the leading practices and recommendations from the commission’s previous reports on business regulation. “It’s great the government...

  11. Budget misses compromise payments, tax efficiency

    the brakes on creating an efficient and productive tax system, and leave a crucial small business issue outstanding. In the lead up to this year’s federal budget, representative bodies and the business community alike again called on the government to...

  12. Software boss announces partnership with accounting body

    The myprosperity portal also has functionality that is advantageous to accountants, including digital document signing, lead generation, uploading documents and receipts, and tagging tax items. “Having seen myprosperity in detail, I am convinced that it...

  13. Global accounting network elects new CEO

    January 2018 for a five-year term, replacing current CEO Ed Nusbaum who will retire at the end of 2017 after eight years of leadership. Mr Bodin, who was the CEO of Grant Thornton Sweden for 16 years and spent five years as chairman of the GTIL board,...

  14. Big 4 deems new accounting standard counterintuitive

    affect how Australian insurers report profitability and their financial position. KPMG’s Asia-Pacific insurance accounting leader, Scott Guse, told Accountants Daily that while the standard will help achieve consistency worldwide, Australian insurers...

  15. Popular tax incentive on shaky ground, lawyer says

    how much.” IPA’s senior tax adviser, Tony Greco, said the government’s promise to return the budget to surplus in 2021 would lead to a raft of “corner cutting” measures that would not cost them votes, leaving the R&D scheme open for tinkering. “My...

  16. How To Be Indispensable To Small Business Clients

    to tailor our skills to understand the unique needs of each client and turn this into high level value that will ultimately lead to continued growth and profitability for their business.” The way forward I’m delighted that at QuickBooks Connect we...

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

  17. CFOs held back by historical practices, research finds

    to spend less time on report preparation and data collection and more time on forecasting and scenario analysis which would lead to improved agility. Forty-nine per cent of CFOs surveyed believe predictive analytics will contribute most to agility,...

  18. Personal insolvency numbers spike across Australia

    who are holding on but not doing much better than that, so any upward movement in interest rates is probably going to lead to an increase in insolvencies.”

  19. New accounting recruits reject traditional drawcards

    things and more, as opposed to focusing on high remuneration according to Mr Barr. “Money is always a thing but it's not the lead thing. If somebody says they’re going to leave and you offer them more money then what happens is you don't buy loyalty,...

  20. Accounting network reveals CEO package

    Countplus chairman Ray Kellerman said, “The Countplus board is delighted to have a five-year commitment from Mr Rowe to lead the transformation of Countplus and our revitalised growth strategy. “The contract outlines an incentive structure aligned to...

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