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  1. MYOB announces next steps with proposed buyout

    This would enable KKR to progress its proposal of acquiring the remaining shares in the company, resulting in a takeover. Last month, MYOB released a statement confirming that Bain Capital sold the bulk of its shares to KKR, with KKR now holding a 19.9...

  2. MYOB announces massive growth, flags new accountants' portal

    Tim Reed said he was pleased with the result and described the transformation delivered in the MYOB business over the last three years as an outstanding achievement. “I am immensely proud of what has been accomplished in a short period. We continue to...

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

  3. MYOB adds novated car leasing to Flare Benefits app 

    exempting EVs from fringe benefits tax. The Flare Benefits app, launched in May following MYOB’s purchase of fintech Flare last year, already enables SMEs to deliver staff benefits such as supermarket discounts. MYOB said the app could be tailored to...

  4. MYOB acquires Axsys, Exobiz in mid-market push

    officer Steve Aish said the deal offers testament to the level of quality and innovation tabled by the business over the last 16 years. “We’re very excited to be part of the next phase of growth for MYOB Enterprise,” Mr Aish said. “This highlights the...

  5. myGovID concerns not ‘insignificant’ as deadline looms

    documents causing an error in set-up. Such naming mismatches might occur when a practitioner has taken on their partner’s last name and the change has not been reflected on one of the required identity documents. Accountants Daily understands the ATO...

  6. Multiple changes to tribunal, standards boards

    The government made a number of appointments last week, including to the Auditing and Assurance Standards Board, the Superannuation Complaints Tribunal and the Payments System Board. Last Friday federal Treasurer Scott Morrison announced multiple...

  7. Mulino hits SMSFs with new levy in major financial sector reform

    through self-managed super funds, and SMSF losses have already placed immense strain on the CSLR [Compensation Scheme of Last Resort], accounting for more than 90 per cent of costs to date.” Mulino said in a statement that the collapses of the Shield...

  8. Moves to make instant asset write-off permanent applauded

    feature of the tax system, which has been well received by advisers to small business. According to its costings, released last week, the Labor Party would retain the $30,000 instant asset write-off for SMEs, introduced as part of the government’s...

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

  9. Most taxpayers ‘will be in the dark’ about WFH changes

    have an accountant, they could be in for a big surprise if they prepare their return via myTax in the same way they did last year – and they could be opening themselves up to an audit as a result.” CPA Australia senior manager tax policy Elinor...

  10. Most taxpayers ‘in the dark’ about their return result

    supplied to Accountants Daily, showed the average refund for returns processed during July was down by $438 compared with last year to $2,331. However, taxpayers using an agent got a substantially better result with an average return of $2,669 against...

  11. Most sought-after accounting services revealed

    years out from sale. Over 70 per cent of all SME purchases from accountants fell into one of these two categories in the last 12 months. “Sounding board” services involve regular meetings, on either a quarterly or monthly basis, where business risks,...

  12. Most SMBs find accountants through word of mouth

    ask ‘some’ of their clients. For small practices, 32 per cent of accountants reported not asking any clients at all. In the last year, just one in five (22 per cent) of businesses have referred their accountant to peers, 11 per cent of which have only...

  13. Most pay rises next year ‘will fail to match CPI’

    of 10 employees were confident about opportunities in their sector but the number who felt very confident had halved in the last two years to just one in six. “When asking themselves the question, ‘Should I stay or should I go?’ employees are...

  14. Most banks looking to robo-advice as ATO warnings released

    product personalisation, followed by open banking, and paperless trading. This news follows a statement from the ATO late last week, suggesting claims made by robo-advisers to accountants might be misleading. In a website update, the tax office said...

  15. Most accountants are tech enablers for clients

    with one in two (49 per cent) professionals and their firms noting they had not adopted any new accounting tech in the last five years, with only 14 per cent of those surveyed having adopted a new platform in the past year. Moreover, the discovery...

  16. Morrison government fronted on $1.5bn accountant advice scheme

    in almost a century, and the announcement of measures such as the complex insolvency reforms announced by the government last week,” Mr O’Connor said. “Businesses are already closing, workers are already being laid off and many vulnerable Australians...

  17. More women become finance and accounting leaders during COVID

    is imminent, the number of women in senior management positions in Australia remains at 32 per cent in 2022, the same as last year, according to the report. The figure has grown by just 10 percentage points in Australia over the past eight years,...

  18. More than 2000 financial advisers ‘to quit this year’

    Wealth Data report, which estimated the number of advisers will fall to 13,000 by the end of 2023 from 19,000 at the end of last year. More than 234 financial advice licences (AFSL), each of which covers multiple advisers, were discontinued in 2021 –...

  19. More questions than answers in code of conduct revisions

    command our attention this year. Proposed legislative measures that did not complete their passage through Parliament by the last sitting day of 2023 (7 December) are likely to be progressed following the resumption of parliamentary sittings on 6...

  20. More proof that a pay rise is on the cards for accountants

    of employers will increase their accountancy staff salaries in their next review, up from 87 per cent who did so in their last review. While this puts accountants ahead of their other white-collar counterparts, Hays notes that the pay increases may not...

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