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  1. ATO confirms LRBA focus in diversification probe

    letters to ensure they have documented how they considered investing in an investments where sharp price fluctuations could lead to significant losses.”

  2. ATO readies for ramped-up myGovID push

    more under way; we are looking at a public release sometime in October,” said Claire Miller, ATO’s digital program delivery lead. MyGovID is currently available for download from Apple’s App Store for iPhone 6 and above, with the Android version set to...

  3. Employee entitlements, ‘wage theft’ and Fair Work: Why it’s time to be proactive

    vice versa. These bodies will conduct their own investigations into how a company is paying workers from abroad. This may lead to restrictions or bans on employing people from overseas as well as separate fines and additional adverse press coverage for...

    • Type: Article
    • Author: Ben Renshaw, BDO
    • Category: Business

  4. Insolvency practices set to undergo ombudsman inquiry

    Inquiry had “identified a lack of transparency for the small business owner” where creditors began debt recovery action, leading the business owner to feel cut out of the process. “This inquiry will identify areas where practices can be improved and...

  5. Why culture should be informing your tech purchasing decisions

    — cultural assessment followed by gap analysis followed by investment, and then rinse and repeat. The best investments will lead naturally to the next cultural assessment. Now that we’ve solved problem A, what’s problem B, and how can our partners help...

    • Type: Article
    • Author: Kerry Agiasotis, Sage
    • Category: Technology

  6. Former MYOB boss appointed as Business Council president

    down after 12 years at the helm of MYOB, has served on the Business Council’s board since 2017. “Tim is the right person to lead the business community into the future,” Mr King said. “He is well placed to take on the role of president with a firsthand...

  7. Accountants hesitant on technology advice: MYOB report

    for every business model to be redesigned,” he said. “We see this as a huge opportunity for accountants and bookkeepers to lead this step change for their clients, and themselves.”

  8. Carbon enters Queensland market with latest deal

    my business and my clients.” As part of the deal, Carbon Bookkeeping partner Gail Rogerson will relocate to Brisbane to help lead the team alongside Mrs van der Linde. “The opportunity to move interstate was presented to me, and I couldn’t be more...

  9. SV Partners opens Adelaide office

    Ferrier principals Stuart Otway and Alan Scott, both registered liquidators and registered trustees in bankruptcy, will now lead operations in the new office. SV Partners’ managing director, Terry van der Velde, said the decision of adding an office in...

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

  10. Business Growth Fund: ‘What’s the money going to be used for?’

    for Business Growth at the University of South Australia and an international scholar on business growth and entrepreneurial leadership — said that while making capital available to businesses is a welcome move, achieving the stated aims of helping...

  11. Over 50% of organisations falling short on lease accounting standards

    savings from stronger systems, processes and controls for the lease portfolio.” Sebastien Normand, VP revenue and country lead Australia at RGP, offered a similar sentiment, noting the key to success was “cross-functional co-operation and good...

    • Type: Article
    • Author: Reporter
    • Category: Tax

  12. Mid-tier secures former assistant auditor general

    general of technical and audit quality in Western Australia, will now join 13 other partners in Moore Stephens’ Perth leadership team. Previously an audit and assurance partner at BDO, Ms Shafizadeh then went on to lead the national technical division...

  13. Data analytics front of mind in firm’s latest hire

    analyst. Most recently, he was a business development manager of data analytics at the ASX. Mr Monfort will be tasked to lead Prosperity’s advisory teams by leveraging insights from data analytics and technology innovation and applying them to both the...

  14. Higher salaries inspire school leavers to consider accounting career

    leavers to take up accounting. Lee Whitney, CA ANZ group executive account management, said accounting has also taken the lead as one of the top jobs for career opportunities. “A career in accounting means more than just strong employment prospects and...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Business

  15. Accounting body advises caution on incoming SME tax changes

    Touch Payroll system. Common business questions were also answered in a dedicated webcast in May 2019 with the then project lead at the ATO, John Shepherd, and other tax experts.

  16. Clients warned on discretionary trust amendments ahead of retrospective duty, land tax

    late last year, believes there may have been a number of clients who missed the 31 December deadline because of the short lead time. “There’s probably a whole bunch of clients out there who haven’t heard of it and dealt with it yet, so I’d probably be...

  17. Raise capital, not red flags

    such as a debt (e.g. convertible debt) or preferred stock (e.g. convertible preferred stock). Usually, these will lead to either debt classification or the recognition of a separate conversion derivative at fair value. The only limited exemption to debt...

    • Type: Article
    • Author: David Waters, Fei Huang, John Ratna, PwC Australia
    • Category: Regulation

  18. ‘Don’t be too clever’: Clients warned on CGT MRE changes

    go very quickly, and property sales can’t necessarily happen overnight. It’s the sort of thing that people need a bit of a lead time to plan and prepare for that.”

  19. AAT affirms grounding of former tax agent amid bankruptcy probe

    to revoke the DPO to allow him to travel to the United Kingdom, where his wife resided, but was subsequently refused, leading to Mr Moltoni’s application to the AAT to review the decision. The AAT ultimately refused to overturn the commissioner’s...

  20. ASBFEO floats legislative fix for late payment terms

    big businesses have had more than enough chances to do the right thing, so if they can’t follow Telstra and Rio’s lead, I will have no choice but to recommend legislation requiring 30-day payment terms across the board.” Ms Carnell noted that there is a...

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