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  1. Profession revolts against proposed ATO deadline

    now been told in no uncertain terms that the proposed start date for the second phase of Single Touch Payroll is unfeasible. Last week, the ATO confirmed that it was working towards a 1 July 2021 start date for STP Phase 2, which will see employers...

  2. Profession appeals for stage 4 workaround arrangements

    requirements of the worker permit scheme or who otherwise breach the scheme requirements. However, with restrictions set to last for at least six weeks, practitioners now face an unenviable task of assisting clients without access to physical files and...

  3. Productivity turnaround ‘halts post-COVID freefall’

    are needed to achieve sustainable, long-term growth, the Productivity Commission says. A turnaround in labour productivity last quarter has halted a post-pandemic “freefall” but sluggish long-term growth remains a cause for concern, the Productivity...

  4. Productivity roundtable must ‘explore all options’: CPA Australia

    declared productivity as the defining economic challenge of Labor’s next term of government. The Productivity Commission’s last quarterly report found that Australian labour productivity has flatlined over the past decade - bad news for workers, given...

  5. Productivity Commission warns against multi-employer bargaining

    and said it was just attacking workers. “The Productivity Commission are another politicised relic of the previous Govt. One last acts (sic) of Josh Frydenberg was to charge then with attacking workers rights. They have no idea how wages bargaining...

  6. Private sector bureaucracy costing business more, says Deloitte

    for a rule’, often without weighing the costs and benefits of doing so, and the cost of government rules has risen since the last time the Productivity Commission added them up," Mr Richardson said. Matt Saines, national leader of Controls...

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

  7. Privacy win or compliance headache? ASIC redacts directors’ residential addresses

    signposted”. Before the removal, addresses could be found through public-facing company searches on ASIC Connect. Until last week, any member of the public could pay a small fee and obtain a company extract showing a director’s full home address, as...

  8. Privacy Act to take in small businesses

    for private sector employees and for small businesses,” Mr Dreyfus said. “These next steps build on legislation passed last year which significantly increased penalties for repeated or serious privacy breaches, and provided the Australian Information...

  9. Prime Group positioned for year of acquisition

    in terms of EBIT were actually down one per cent but I think the main things that we've been focusing on really for the last 12 months has been about setting the business up for growth with respect to new accounting firm partnerships and equity...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  10. Prime acquires Queensland accounting firm

    Matthew Smith and John Driscoll will become equity partners in Prime. “Altezza is an innovative firm – as shown by its award last year – and Prime is at the forefront of innovation in the advice sector,” said Simon Madder, managing director and chief...

  11. Price of services will push up August CPI figure, NAB predicts

    in the cost of goods prices, says major bank. Inflation is likely to edge higher when services prices are updated for last month, NAB Group Economics says. It said the 4.9 per cent CPI figure for the year to July – a fall from 5.4 per cent in the...

  12. Price of services will push up August CPI figure, NAB predicts

    in the cost of goods prices, says major bank. Inflation is likely to edge higher when services prices are updated for last month, NAB Group Economics says. It said the 4.9 per cent CPI figure for the year to July – a fall from 5.4 per cent in the...

  13. Pressure mounts on government to curb negative gearing, CGT

    property investors.” The Greens’ statement on Monday follows similar calls from crossbenchers David Pocock and Jacqui Lambie last week. “You’ve got to look at the tax system that incentivises housing as an investment. It shouldn’t be easier to buy your...

  14. Pressure mounts for tertiary providers to review accounting education

    will not be adequate for the next decade. The accounting education landscape has attracted a lot of attention over the last few years, with universities conceding that a typical three-year undergraduate program is insufficient in ensuring graduates are...

  15. President to guide the AAT through its reform named

    accessible and independent manner.” His appointment comes after Attorney-General Mark Dreyfus announced at the end of last year the government will abolish the AAT and replace it with a body that would better serve the interest of the Australian...

  16. Preservation age, work test in government’s sights

    numbers may fall to the back of the list, according to SuperConcepts. Addressing SMSF Adviser’s SMSF Summit 2019 in Sydney last week, the SMSF service provider’s general manager, Peter Burgess, said the government may soon look at increasing the age at...

    • Type: Article
    • Author: Sarah Kendell
    • Category: Super

  17. Preparing for the inevitable

    for the vast majority of professional accountants who are currently unlicensed, they’ve actually made this decision over the last 10 years to not be licensed. So, we never had an expectation that once the transitional period came into play, that there...

  18. Preparing for a ‘whole rewrite’ of how the SG charge is calculated, imposed

    has warned that accountants must start preparing for the changes now. As a member of the Payday Super working group for the last three years, National Tax and Accountants' Association senior advocate Robyn Jacobson (pictured) stressed that practitioners...

  19. Prepare for changes in SMSF space, says IPA

    doing and where they’re going.” Ms Stylianou’s comments come after research from Vanguard and Investment Trends, released last week, showed 31 per cent of investors used an accountant between 2012 and 2014 to set up their SMSF, compared with 53 per cent...

    • Type: Article
    • Author: Michael Masterman
    • Category: Super

  20. Preparation and speedy response key to cyber protection, experts say

    unduly alarm stakeholders.” Mr Zugec said all businesses would have to contend with cyber attacks in the future. “Over the last few years, we have seen an increase in hybrid attacks — this is a combination of an opportunistic attack where the initial...

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