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  1. 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,...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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

  7. 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...

  8. 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

  9. 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...

  10. 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

  11. 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

  12. Mid-tier appoints new audit leader

    A former big four partner has now joined a mid-tier as its new audit leader in its Perth office. Grant Thornton has appointed Brent Steedman as audit leader in its Perth office where he will lead a team of 36 auditors, including four partners. Mr...

  13. Specialised firm tackles spike in COVID-19 fraud

    because of poor advice from trusted advisers. “The consequences are predictable. A lack of insight and expertise can lead to communication failures, mistakes in investigation or the analysis of evidence, and ultimately, substantial and unnecessary...

  14. TPB acknowledges wellbeing concerns with latest concession

    Michael O’Neill. “We understand that your health and safety and that of your family’s is of utmost importance, and this can lead to not being able to meet some of your obligations with us.” The TPB has also noted that while the 25 per cent professional...

  15. Mid-tier launches accounting subscription model

    fees to give clients access to cloud-based advice using their own data. Pitcher Partners Adelaide innovation lead and Pitch Labs co-founder Jarrod Morris believes the fixed monthly rate model will encourage clients to reach out for real-time accounting...

  16. Managing cash flow in an accounting practice in tough times (Part 2)

    costs Typically, wages are one of the highest costs associated with running the practice. The obvious quandary for practice leaders is that although client demand (or need) for advice has probably never been greater and good accountants are scarce as...

    • Type: Article
    • Author: Michael Croker, CA ANZ
    • Category: Business

  17. What the EOFY will look like for accountants

    on this episode of Accountants Daily Insider to share her insights into the challenges she foresees for accountants in the lead up to the EOFY and some practical tips for practitioners in balancing their workloads come tax time. Amanda also reflects on...

  18. Tax storm looms for super

    will dig deep into the retirement system and to be the basis for resetting government policy, with the COVID-19 crisis to lead to more substantial changes than the government would normally take. Industry speculation for example, he said, has forecast...

    • Type: Article
    • Author: Sarah Simpkins
    • Category: Tax

  19. Practitioners potentially ‘misled’ by ATO’s JobKeeper turnover guidance

    ATO’s JobKeeper guidance on its website may have been misled to believe their clients are ineligible for the program, says a leading tax expert. The Tax Institute’s senior tax counsel, Professor Robert Deutsch, believes tax practitioners who are only...

  20. Tax reform to feature heavily in PM’s JobMaker plan

    not get you results,” he said. On industrial relations, Mr Morrison revealed that Attorney-General Christian Porter would lead a reform agenda for the industrial relations system, focusing on award simplification and revisiting enterprise agreement...

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