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  1. 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...

  2. 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...

  3. 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

  4. 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.

  5. 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...

  6. 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

  7. ‘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.”

  8. 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...

  9. 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...

  10. Australia’s a nation of bosses: Xero

    One in six Australian workers now own their own business, with regional and female founders leading the entrepreneurial charge, a new study has found. Xero’s latest report has found that there were 2.2 million business owners in Australia in late 2019,...

  11. What you need to know about the SG amnesty

    the profession with certainty around proposed changes to Division 7A, and what actions practitioners need to take in the lead up to 1 July. She also shares what advisers need to know about a new law regarding CGT main residence exemption, impending...

  12. Auditor tenure disclosure, new tendering regime recommended by inquiry

    auditors to specifically confirm that no prohibited non-audit services have been provided. CA ANZ reporting and assurance leader Amir Ghandar said the recommendations were a step in the right direction. “We believe these measures will improve confidence...

  13. New mid-tier principal calls for more ‘active’ advisers

    calls outside of compliance season,” Mr Nisbet said. “Aside from delivering technically accurate advice and quality thought leadership to clients, an active tax adviser knows that tax decisions are not made in a vacuum. “Tax advisers must gain their...

  14. Passive directors at ‘real risk’ under new DPN regime

    directors review the accounting systems their businesses are using to identify any systemic or processing errors which may lead to GST liabilities. “Directors can’t escape a liability by resigning, as the ATO takes the position that if you resign as a...

  15. A new win/win opportunity for your practice and your clients

    tradies struggling to invoice on time, inventory based businesses unable to account for closing stock. All of these issues lead to wild fluctuations in Sales, Cost of Goods Sold and Gross Margin, making any meaningful analysis or forecasting extremely...

    • Type: Article
    • Author: Rhys Roberts
    • Category: Business

  16. Have we achieved gender equality in the accounting industry?

    gender bias, whether it be in the form of unintentionally discriminatory language or an underrepresentation of females in leadership roles. In the lead up to International Women’s Day this Sunday, 8 March, the businessDEPOT director, founding partner of...

  17. Helping clients with companies in financial distress

    distributes any available funds to creditors. Liquidators will also investigate the decisions taken by the directors in the lead-up to the liquidation, and directors can be responsible to compensate the company for matters such as breaches of directors’...

    • Type: Article
    • Author: ARITA, CA ANZ, CPA Australia
    • Category: Business

  18. Nexia Australia announces new chair

    Mal Di Giulio, managing partner of Nexia Perth, has now been appointed as chair of Nexia Australia. The new chair will now lead the 64 partners and 460 staff across the Australian network, having been a director at the firm’s Perth office since 1994. Mr...

  19. GST reform after the fallout — a once-in-a-generation opportunity

    supply chains. Inefficient taxes (such as a tax on payroll) move resources away from their highest-value use, which may lead to lower productivity across the economy. The GST is recognised as one of the most efficient taxes and was thought to pass all...

    • Type: Article
    • Author: Cameron Steele, Dentons
    • Category: Regulation

  20. How voluntary administration helps companies get back on their feet

    be able to rely on a Safe Harbour defence down the track if they can show they took action that was reasonably likely to lead to a better outcome overall for the company and its creditors as a whole. Chris Baskerville, partner, Jirsch Sutherland

    • Type: Article
    • Author: Chris Baskerville, Jirsch Sutherland
    • Category: Business
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