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  1. New Deloitte acquisition marks focus on automation for tax

    of new technologies and we are looking forward to delivering the next wave of innovation to clients.” Deloitte signalled last year that it had a "pipeline" of investments set for release in 2017 and 2018, many of which have so far had a digital focus....

  2. New data breach laws, penalties land today

    that fail to comply with the notifications rules risk being fined up to $360,000 and $1.8 million respectively. Late last month, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, said she’s concerned businesses aren’t aware of...

  3. New client demand prompts big 4 team shifts

    to adapt. The big four firms, EY included, have introduced measurable diversity and gender-based targets in the last five years. This is partly in response to the demand of major clients, who will not engage with firms who don’t present a diverse...

  4. New CBA collaboration will enable 60-second cross-border payments

    enabled by harnessing Australia’s New Payments Platform (NPP) and the International Payments Service (IPS). This allows the last mile of BNY’s cross-border payments to Australia to be processed by CBA via the NPP. This process offers cost transparency,...

  5. New casual employment laws to kick in with $66k penalties

    employment as long as they have been employed for at least 12 months, have worked a regular pattern of hours over the last six months, and can continue to work these hours in a full-time or part-time capacity. Penalties in place The FWO notes that...

  6. New board appointments announced at IPA

    things more up to date and easier to deal with.” The appointments follow the addition of three new directors announced late last year, including Dr Michael Schaper, former deputy chair of the ACCC; Julie Williams, principal of Insolvency Solutions; and...

  7. New ATO portals to go public by year end

    100 tax and BAS agents so far. According to an ATO spokesperson, a further 90 tax and BAS agents have been invited, as of last week, taking the total number of beta testers to 200, with the move to public beta testing slated to arrive by this year end....

  8. New ATO feature sees accountants trump planners

    their clients’ superannuation affairs, in a new feature set to go live in the second half of the year. The ATO confirmed mid last week that tax agents are set to have the same view that individuals currently have in accessing ATO Online via their myGov...

  9. New ATO data renews calls for tax reform

    for 2014-15, which has prompted some advocacy groups to claim multinationals are still not “paying their fair share”. Late last week, the ATO published the tax details of some 1,904 large Australian and foreign-owned public and private companies...

  10. New assistant treasurer and super, financial services minister appointed

    has appointed Michael Sukkar as Assistant Treasurer, taking over from Stuart Robert who had been in the role since August last year. Mr Sukkar has also been appointed as Minister for Housing. Mr Morrison said that Mr Sukkar would have particular...

    • Type: Article
    • Author: Reporter
    • Category: Super

  11. New ASIC levies for accounting professionals cop backlash

    in some cases, has had industry pushback as costs to liquidators and auditors are expected to be passed onto clients. Late last week, the corporate regulator published indicative levies based on its budgeted regulatory costs outlined in ASIC’s draft...

  12. New Asia-Pacific taxation taskforce announced

    tactics, increase tax transparency and help countries to tackle base erosion and profit shifting in the Asia Pacific. Last week, ATO Commissioner Chris Jordan hosted the 44th meeting of the Study Group on Asian Tax Administration and Research (SGATAR)...

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

  13. New anti-money laundering obligations get pushback

    transactions. Work to bring accountants, lawyers and real estate agents under the regime were stalled by the government last year, with Labor now set to use this as an election campaign issue to combat criminals who use “dirty money” from crime...

  14. New acquisition confirmed for global software provider

    organizations. Sage was already a minority shareholder of Fairsail, having launched a shared product, Sage People, together last year. “We have been unequivocal about giving growing and ambitious businesses a real-time, frictionless way to manage their...

  15. New accounting network chair reveals growth plans

    accounting network has detailed how he plans to leverage the ageing population to achieve growth on a macro and micro level. Last week, Countplus Limited announced the appointment of Ray Kellerman as non-executive chairman, following the retirement of...

  16. Net cash flow tax: What is it and what will it mean for SMEs?

    being both never seen before and more focused on larger businesses rather than small ones, Accountants Daily reported last week that the tax could have adverse impacts on the small business community. Letty Chen, the Institute of Public Accountants...

  17. Negative gearing, CGT discounts supercharging housing crisis: ACOSS

    of this week that we have a broad and ambitious housing policy already and those changes aren’t part of it,” Chalmers said last year regarding housing tax reform, as reported by The Australian Financial Review. ACOSS argued that the government must...

  18. Necessary changes to the TASA Determination

    provision that is easily understood and implementable. Section 45 will apply to events that have occurred within the last five years, however: The five-year look back period does not apply to matters or events occurring before 1 July 2022 (to align with...

  19. NDIS fraudsters slapped with combined 12-year prison sentence

    to combat fraud and support those who genuinely rely on these services.” The trio faced the Sydney Central District Court last Thursday where all three pleaded guilty to the committed fraud against the Commonwealth contrary to section 135.4(1) of the...

  20. Navigating business debts as the ATO ramps up collection activity

    how they manage these debts, according to specialist credit provider Global Credit Investments (GCI). Since the middle of last year, the ATO has accelerated its activities with debt collection following a more relaxed and supportive approach during the...

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