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  1. ‘Enforcement and definition’ issues with prescribed timeline for financials

    that time, result in the trustees breaching the 45-day deadline?” it said. The proposed requirement, it stated, may also lead to a reduction in the quality of financial statements. “This is because some accountants and administrators may be inclined to...

  2. Macro-economic modelling reveals true value of advice

    as a result of non-compliance. Individual registration of advisers: Individual registration of professional advisers would lead to greater responsibility and accountability, requiring a personal commitment to integrity, competence and ethics. This would...

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

  3. TPB highlights risky agent behaviour ahead of crackdown

    board member Peter de Cure said the regulator’s use of data and analytics would also help it pinpoint indicators that could lead to reckless behaviour down the track. “For example, a tax practitioner known to previously being involved in problem...

  4. Death benefit rules ‘due for an overhaul’

    With the existing legislation around the payment of lump-sum death benefits leading to inadvertent breaches by SMSFs, a technical expert says a more practical approach is needed in this area. In an online article, SuperConcepts executive manager, SMSF...

  5. Big 4 crowned top workplace for dads

    had to be made available for a minimum of 12 months after the birth. Deloitte’s inclusion, diversity and wellbeing national lead partner, Margaret Dreyer, said the achievement was an endorsement of the firm’s new parental leave policy introduced in...

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

  6. ASIC sounds warning around high-yield bond scams

    can verify who is using the information and how it will be used. We are seeing a rise in suspicious websites that are simply lead generators for scammers. “Ensuring investment products are true-to-label is front and centre for ASIC. While true-to-label...

  7. Mandate e-invoicing, says MYOB

    Mr Ellis said. “E-invoicing is the best enabler we have for the digital economy. Let’s get this done and help our SMEs lead Australia’s recovery and growth.”

  8. Nick Scali repays $3.6m in JobKeeper subsidies

    to refund this amount to the federal government.” The voluntary repayment of JobKeeper payments comes as Labor continues to lead calls for large corporates to return the wage subsidies before paying executive bonuses or dividends. Shadow assistant...

  9. How You Say Good-bye Matters: Tips for Effective Offboarding of Remote Employees

    it is often not possible to have a traditional send-off that would provide an opportunity for closure. This may lead to negative feelings as they are suddenly separated from their work group. If an organisation and employee are no longer a good fit, for...

    • Type: Article
    • Author: The ADP Team
    • Category: Business

  10. A closer look at the small business restructuring reforms

    as unlike the voluntary administration process, the creditors’ control is limited to approving the SBR plan. This may lead to the creation of more zombie companies if the debtor has exhausted its cash resources and is unable to pay for its winding up....

    • Type: Article
    • Author: Andrew Spring, Jirsch Sutherland
    • Category: Business

  11. ATO yet to analyse profit-making companies on JobKeeper

    the ATO if it had done any analysis on companies with increased profits while on JobKeeper, as the Opposition continues to lead calls for large corporates to return the wage subsidies before paying out executive bonuses and dividends. “From the ATO...

  12. ACCC casts doubts over MYOB acquisition of GreatSoft

    last year following the announcement of the proposed acquisition. The ACCC believes the proposed deal could potentially lead to increased prices, reduction in customer service, or a reduction in investment in product innovation because of a lack of...

  13. Treasury considers five-fold increase to statutory demand threshold

    it is disputed by the recipient company. Conversely, it contends that reducing the ability of creditors to take action may lead to unintended consequences, including creditors managing their risk of non-payment through dealing with the company on less...

  14. Mid-tier appoints 5 new partners

    Pitcher Partners’ Sydney partnership has also welcomed Steven Bragg, a former partner at KPMG. Mr Bragg was the national lead at KPMG’s motor industry services, and will look to provide consulting, audit, tax, M&A, industry-specific training and...

  15. Scott Morrison to consider new aged care tax

    perceives aged care for the better, towards it being seen as something valuable in which we all have stake, and that it will lead to greater scrutiny and accountability in the way money is raised and spent on aged care into the future,” he said....

  16. Former minister appointed small business ombudsman

    pandemic has been punishing for many of our small and family businesses, which will need a supportive environment to help lead the nation into recovery.” The incoming ombudsman signalled a focus on getting small businesses back on track in the wake of...

  17. ATO flags additional updates on information accessible ahead of TBC changes

    come into effect before 1 July 2021. “These are all things that may impact an individual’s entitlement to indexation or may lead us to determine that an individual has exceeded their transfer balance cap,” she said. “If you or your client think...

  18. 5 strategic benefits of automated workflows for accountants

    their managers. It also improves accountability, with job progress able to monitored at a glance, and the ability for team leaders to identify high-quality performers. It will also reveal any bottlenecks the team may be experiencing, and with full...

  19. Deloitte CEO announces sudden departure

    announcement comes just two and a half years into a four-year appointment. “It has been a tremendous honour and privilege to lead this great firm,” Mr Deutsch said. “I am extremely proud of what we have achieved over the past two and a half years. “We...

  20. RMIT partners with cloud platforms to launch new accounting course

    their current workforce,” said Helen Souness, CEO of RMIT Online. “We’re thrilled to be partnering with such strong industry leaders to offer this program to accounting professionals across Australia who are facing an increased need to upskill to expand...

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