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  1. Liberal senator urges colleagues to join fight against TASA changes

    to be had with those affected by these quite far-reaching changes,” Sharma said in a two-minute statement in the Senate last week. The Coalition’s push to disallow the changes in a fortnight comes after intense lobbying from professional bodies and...

  2. Let’s get this straight: There is a gender pay gap in accounting

    But the facts show the gender gap well and truly exists. And it is significant. Our latest Remuneration Survey reveals that last year, in both Australia and New Zealand, the average female Chartered Accountant earned around a quarter less than a male CA...

    • Type: Article
    • Author: Julia Quinn, CA ANZ
    • Category: Business

  3. Let dodgy clients go: TPB lays down law for tax agents

    at the Accounting Business Expo, TPB chair, Ian Taylor said that while comments made by ATO commissioner Chris Jordan last week had rightly caused angst within the community, it was a timely reminder for registered tax agents to remember their...

  4. Less tax for companies on the cards, says mid-tier

    passive investment companies, they may be eligible for the lower rate in the future according to a mid-tier accounting firm. Last month the government released draft tax legislation for public consultation clarifying that passive investment companies...

  5. Less commute, more coffee: inside an accounting firm’s caffeinated recruitment drive

    despite their efforts to market themselves locally. Each cup was labelled with a simple slogan: ‘This could be your last commute’. While execution was a challenge – from lugging in a generator to power the coffee machine to keeping up with the...

  6. Lenders, specialist brokers boosted by tough borrowing market

    for accounting and financial planning firms. The firm has had the lion’s share of its growth and market penetration in the last four months, two years on from its launch. “We’re finding our clients, who are pretty safe operators, are happy to explore...

  7. Legislative change is business' number one concern

    economic conditions, people risk and increasing competition to be named as business’ biggest concern. Finishing third in last year’s survey, regulatory and legislative change has been moving up consistently through the top ten risks over the past few...

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

  8. Legislation passed on tax treatment of LRBAs

    holding trust is a taxable entity in its own right. The legislation passed both the House of Representatives and the Senate last week. “This legislation says that for taxation purposes you treat the arrangements as if the property is held directly via...

    • Type: Article
    • Author: Katarina Taurian and Miranda Brownlee
    • Category: Tax

  9. Legal fix only realistic solution to 100A, says law firm

    in 1979 back in the days where they drafted legislation really badly,” he said at the Cooper Grace Ward adviser conference last week. “It's stuck in there in its current form and so really it's the drafting of the legislation that's the biggest problem....

  10. Leave dividend imputation alone, says RSM Bird Cameron

    investors. Dividend imputation has been debated vigorously since the government released the Tax Discussion Paper last month, which posed several questions around the value of the system, including whether the dividend imputation system is continuing to...

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

  11. Leading innovator announces merger

    Accodex, which last week was named Innovator of the Year at the Australian Accounting Awards, has announced a merger with a cloud integration specialist. Accodex has merged with Clear Business Dynamics in a move designed to build on the firm’s already...

  12. Leading firm announces 93 new partners

    to the 37 experienced lateral hires, including an additional seven female partners who have joined the partnership in the last 12 months. Giam Swiegers, Deloitte’s chief executive, said he was pleased to see females feature strongly in this year’s round...

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

  13. Leadership changes, acquisition announced at Reckon

    be shifted. It follows a failed sell-off of Reckon’s accountants group to MYOB, after negotiations that started in November last year. Mr Allert told Accountants Daily the succession plan was always in the works, and is not a direct response to the...

  14. Lawyer warns of offshoring privacy issues

    with a regime that is “broadly equivalent to the Australian one”. The Australian Privacy Principles which came into force last year, replacing the previous National Privacy Principles, established the guidelines for keeping clients abreast of their...

  15. Lawyer to stand trial for alleged money laundering scheme

    Papandrea have spent the years since fighting to have their money laundering charges tossed out. They lost that fight late last week when the ACT Magistrates Court found there was enough evidence to commit the case to trial. Magistrate Sean Richter was...

  16. Lawyer outlines accountants' outsourcing obligations

    the law requires the client to be informed to which countries their information will be sent. This rule came into force last year with the implementation of the Australian Privacy Principles, which replaced the National Privacy Principles, Ms Thorne...

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

  17. Lawyer offers practical tips for FTEs amid ATO crackdown

    is made, trust owners will need to work with the system in place. “The commissioner has [had a] compliance focus in the last couple of years. The rules have been there, but now there is a compliance focus which makes people look over the rules...

  18. Lawyer further penalised for dodgy creditor scheme

    of unsatisfactory professional conduct and professional misconduct and recommended her removal from the roll of solicitors. Last July, Grubisa and DG Institute were ordered by the Federal Court to pay millions of dollars in penalties and redress for...

  19. Laws to simplify the superannuation guarantee have been scrapped

    proposed to simplify the superannuation guarantee (SG) regime and reduce penalties for non-compliance has been scrapped. Last week, The Treasury Legislation Amendment (Repeal Day 2015) Bill 2016 was passed by the House of Representatives with two...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  20. Law firm poaches tax partner from MinterEllison

    to add to its fast-growing tax controversy practice, which had acquired the services of former EY partner Sue Williamson last September. “Our tax disputes team is a highly specialised team of lawyers with unparalleled experience assisting clients manage...

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