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  1. SMSFs spared from Retirement Income Covenant

    this led to fears that the Retirement Income Covenant may not be a good fit in the fund structure of SMSFs and may instead lead to increased costs and red tape for trustees. For registered superannuation entities, schedule 1 to the exposure draft bill...

  2. Dominic Perrottet becomes new NSW Premier

    while Matt Kean succeeded him as Treasurer. “It’s an honour and absolute privilege to be elected as the parliamentary leader of the Liberal party, the premier of NSW, alongside my deputy leader, Stuart Ayres,” Mr Perrottet said. Mr Perrottet won the...

  3. Moore Australia acquires WA advisory firm

    Australia is the latest in a series of changes across the network this year, after it appointed Mr Tomasi as its new global leader in May, and announced a string of partner appointments in July. July’s partnership appointments coincided with the...

  4. Big 4 launch ‘vax returns’ campaign

    as soon as possible, and allow our economies to re-open.” PwC CEO, Tom Seymour, urged residents of all states to follow the lead of each of the firms, which is vaccinated and eager to return to “normality”. “We've come together to back the national...

  5. Accountants cautious over office return as states reopen

    people returning will be low initially and will grow as confidence builds,” Mr Nickless said. Accenture geographic services lead Australia & New Zealand, Lisa Crennan, said that there was no expectation that their staff would return to offices by a...

  6. Tax watchdog finds ATO staff ill-equipped to handle taxpayer disputes

    found that in order for the objective to work in practice, taxpayers would first need to be aware of the rights that lead to such options, and how they can exercise those rights to challenge decisions. “An express obligation within the Taxpayers Charter...

  7. The high-tech, low-touch path to improving customer value

    can be used as a time-effective means of promoting your firm to both ‘bread and butter’ clients and high-value ones, through lead generation and long-term brand awareness campaigns. Such campaigns can be published on social media channels at scheduled...

  8. ‘The ATO is here for you’: Commissioner Chris Jordan reiterates support for tax profession

    cheaper, and safer for the tax profession, businesses and individuals to interact with government. The ATO is taking a lead role in delivering better whole-of-government services for the Australian community.” Central to this, Mr Jordan said, is the...

  9. Board of Taxation sees 2 new members

    particularly indirect and employment taxes. Prior to this she was the global project manager of Shell and the country tax lead of Shell before that. Meanwhile, Mr Klein holds more than two decades of experience working in the tax advisory space....

  10. ‘Holistic’ approach needed to narrow audit expectation gap

    “Participants noted that mandating the involvement of forensic specialists may widen the expectation gap, as this could lead to a ‘box-ticking’ approach. “The report concludes that it is not necessary to have a ‘suspicious mindset’ for enhanced fraud...

  11. British national wins ATO High Court case over ‘burdensome’ backpacker tax

    “burdensome” and discriminatory to her nationality. In a decision that could impact future working holiday-makers and may lead to large refunds from the “backpacker tax”, the High Court of Australia has awarded British national Catherine Addy an appeal...

  12. Former ATO heads join boutique litigation firm

    Van Le, and principal and senior ATO lawyer, Eric Maben, to the fold. Mr Van Le has been appointed Aptum Legal’s practice lead (tax disputes), while Mr Maben has been appointed as a senior lawyer. Both Mr Van Le and Mr Maben bring considerable knowledge...

  13. ATO to streamline transfer balance cap reporting framework

    reporting,” the ATO said. All SMSF industry stakeholders are welcome to provide feedback and can contact consultation lead Fiona Athanasiadis, Superannuation and Employer. The consultation is expected to be completed by December 2021. The event-based...

  14. 'Perfect storm' to upheave SMSF accounting and audit space

    Mr Levy continued. Whilst the upheaval has increased pressures for practitioners, there are also new opportunities that can lead to a stronger industry in and of itself for SMSFs, according to Mr Levy. “Things like the quality of the financial...

  15. Business as unusual

    concentration, and direct opportunities to interject training to ask questions and receive additional assistance from senior leaders. This was on the contrary for those completing training at home, with it eventually becoming apparent that their skills...

  16. APAC e-commerce payments to increase 17%

    amid COVID-19 made online shopping even more appealing for consumers.” Commenting off the back of the findings, Ravi Sharma, lead banking and payment analyst at GlobalData, said: “The adoption of alternative payments in APAC has occurred well ahead of...

  17. Small businesses in need of a Christmas pick-me-up

    the likelihood that “it will take a while for small businesses impacted by lockdowns to get back on their feet”. “As we lead into the festive season and summer holidays, it’s really important that Australians continue their support of small businesses,...

  18. Treat Yourself: MYOB launches ‘More Me-Time’ for Partners

    As we enter the final weeks of 2021, leading business management platform MYOB has launched a new campaign designed to reward its accounting and bookkeeping partners with some more ‘me-time’. Available to all practices and certified consultants in the...

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

  19. What Australia’s inflation rate means for accountants

    levels, Mr Ord pointed to a jump in fuel costs and new dwelling purchases. Elsewhere, he said, labour shortages are leading to wage pressure, in addition to supply chain disruption, with shipping and freight costs up significantly. “There’s also the...

  20. Unpacking Your Future, Your Super reforms

    that a lack of financial wellness causes billions of dollars in lost revenue and productivity, as financial anxiety can lead to absenteeism and reduced worker focus. Onboarding is an integral event for workers in their life cycle, with employers playing...

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