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  1. Accounting profession waits on JobKeeper 2.0 guidance

    test for each of the June, September and December 2020 quarters. Chartered Accountants Australia and New Zealand tax leader Michael Croker said that while the extension was welcomed, accountants would need further details around the eligibility criteria...

  2. Navigate change with these 5-steps to achieving best practice payroll

    a good time to review your payroll processes and ensure you’re equipped to manage change and stay compliant. Never have leaders of HR and finance functions been forced to juggle as many responsibilities as they have right now, and there’s no sign of...

    • Type: Article
    • Author: ADP Australia and New Zealand
    • Category: Regulation

  3. Former financial adviser’s ‘Ponzi scheme’ ends with 6-year jail term

    Wealth Pty Ltd, to six years’ imprisonment, to be eligible for parole after serving four years. Mr Miller had earlier pleaded guilty to six counts of engaging in dishonest conduct in the course of carrying on a financial services business between July...

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

  4. High Court rules in favour of employers on personal leave accruals

    on companies, and also created a disparity in entitlements for part-time employees, and a level of complexity that could lead to employers re-considering flexible working arrangements. “We are pleased to see that the historical understanding of personal...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  5. TPB secures data-sharing deal with BAS agent association

    director Peter Thorp said the spirit in which the MOU had been agreed on would be beneficial for both parties. “The MOU will lead to greater co-operation, better communication and more streamlined procedural dealings between the ABA and the TPB,” Mr...

  6. Surprise audits recover $430,000 for Geelong workers

    non-compliance and may face legal proceedings. Other non-compliant businesses were advised that future breaches will likely lead to enforcement action. Fair Work Ombudsman Sandra Parker said the low rate of compliance was disappointing. “The level of...

  7. TPB-ATO independence in the firing line as terminations spike

    High-risk practitioners, including those with outstanding personal tax obligations, have long been on the TPB’s radar, leading to a 129 per cent spike in practitioner terminations in the 12 months to 30 June. While the regulator has not provided a...

  8. The Tax Institute appoints new tax counsel

    tax profession. “Julie is highly credentialed and has been recognised among her peers and throughout the profession for her leadership and excellence in tax,” Mr Mills said. “As the Tax Institute takes the lead on not only guiding practitioners through...

  9. US-style debtor-led bankruptcy arrangement risky, government warned

    and investment policy manager Gavan Ord believes undertaking such major reform without appropriate consultation could lead to a number of adverse outcomes for businesses and creditors. “The consequences of such changes would need to be carefully...

  10. Accountants Daily Strategy Week Day 2 wrap-up: Prioritising mental health and self-care

    a post-pandemic landscape. Day 2 of the Accountants Daily Strategy Week saw Tax Institute senior advocate Robyn Jacobson lead a roundup of timely tax issues, including the finer points of the JobKeeper extension, the end of the superannuation guarantee...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  11. Former big four partner warns of incoming COVID-19 tax disputes

    partner Howard Rapke said Ms Williamson’s appointment would bolster the firm’s initiatives in deploying specialist teams to lead the response to regulators. “Sue is renowned for her ability to translate complex issues and apply technical and strategic...

  12. 6 Practical Steps to Writing Realistic Position Descriptions for Accountants

    the previous employee Tasks to be removed or added if any of the work will be transferred within the business Supervisory or lead responsibility Budget responsibility (if any) Work hours Is there still a requirement for this role at all? Get the full...

  13. BDO appoints new cyber security partner

    at Queensland Health for the past two years. According to the firm, during his 26-year career, Mr Borchi has held key leadership roles at a range of federal government departments and in recent years acted as the cyber consulting lead at some of...

  14. How to exit a business

    options available to them. Not knowing there is a problem, or not acting when they discover a serious financial problem, can lead to liquidation being the only exit option available. In some cases, the decision to liquidate will be made for the owner....

    • Type: Article
    • Author: CPA Australia
    • Category: Business

  15. Accountants at risk under responsible lending reforms

    and inject credit into the economy. Keddie Waller, head of public practice at CPA Australia, believes such reforms could lead to a return of a practice where banks request accountants to sign off on a client’s ability to repay a loan as part of the...

  16. Flexible hours viewed as ‘career suicide’ for women in accounting, says university research

    Inflexible workplace arrangements and a lack of leadership positions in accounting firms are driving women out of the profession, says a new university study. Surveying over 200 female professions in the industry, Monash Business School researchers,...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Business

  17. Greenwoods appoints new infrastructure partner

    has announced the appointment of a new partner in its Sydney office. Greenwoods has appointed Jillian Gardner as the new leader of its national projects and infrastructure group. Ms Gardner will join the firm in March 2021 from Macquarie Group, where is...

  18. Proposed SMSF reporting measures slammed as ‘unreasonable’

    for tax statements or details of distributions from other trusts. “Such a decision to impose this measure could arguably lead to trustees ‘backdating’ the signing of financials to ensure compliance, something that doesn’t serve the trustee or regulator...

  19. Details of responsible lending reforms emerge

    picking up the slack from lenders who transfer due diligence onto borrowers. CPA Australia believes such reforms could lead to a return of a practice where banks request accountants to sign off on a client’s ability to repay a loan as part of the...

  20. NSW lifts payroll tax threshold

    strong budget position has allowed us to weather the most severe economic storm in a generation, and we will continue to lead the way in job creation and supporting business through the 2020–21 budget,” Mr Perrottet said. Minister for Finance and Small...

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